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It’s the very first episode of The Big Pitch with Jimmy Carr and our first guest is Phil Wang! And Phil’s subgenre is…This Place is Evil. We’re talking psychological torture, we’re talking gory death scenes, we’re talking Lorraine Kelly?! The Big Pitch with Jimmy Carr is a brand new comedy podcast where each week a different celebrity guest pitches an idea for a film based on one of the SUPER niche sub-genres on Netflix. From ‘Steamy Crime Movies from the 1970s’ to ‘Australian Dysfunctional Family Comedies Starring A Strong Female Lead’, our celebrity guests will pitch their wacky plot, their dream cast, the marketing stunts, and everything in between. By the end of every episode, Jimmy Carr, Comedian by night / “Netflix Executive” by day, will decide whether the pitch is greenlit or condemned to development hell! Listen on all podcast platforms and watch on the Netflix Is A Joke YouTube Channel . The Big Pitch is a co-production by Netflix and BBC Studios Audio. Jimmy Carr is an award-winning stand-up comedian and writer, touring his brand-new show JIMMY CARR: LAUGHS FUNNY throughout the USA from May to November this year, as well as across the UK and Europe, before hitting Australia and New Zealand in early 2026. All info and tickets for the tour are available at JIMMYCARR.COM Production Coordinator: Becky Carewe-Jeffries Production Manager: Mabel Finnegan-Wright Editor: Stuart Reid Producer: Pete Strauss Executive Producer: Richard Morris Executive Producers for Netflix: Kathryn Huyghue, Erica Brady, and David Markowitz Set Design: Helen Coyston Studios: Tower Bridge Studios Make Up: Samantha Coughlan Cameras: Daniel Spencer Sound: Charlie Emery Branding: Tim Lane Photography: James Hole…
Straight Up Chicago Investor
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Inhalt bereitgestellt von Mark Ainley and Tom Shallcross and Straight Up Chicago Investor. Alle Podcast-Inhalte, einschließlich Episoden, Grafiken und Podcast-Beschreibungen, werden direkt von Mark Ainley and Tom Shallcross and Straight Up Chicago Investor oder seinem Podcast-Plattformpartner hochgeladen und bereitgestellt. Wenn Sie glauben, dass jemand Ihr urheberrechtlich geschütztes Werk ohne Ihre Erlaubnis nutzt, können Sie dem hier beschriebenen Verfahren folgen https://de.player.fm/legal.
Are you a real estate investor in Chicago or someone looking to invest in the Chicagoland Market? If so, this podcast is for you! We break down the neighborhoods, different sides of the city, and surrounding suburbs so you can understand the uniqueness of investing in Chicago real estate. The hosts and guests are Chicago investors and Property Managers who are making it happen in and around the Windy City. We share information, winning strategies, obstacles, success stories, and most importantly, lessons learned. If you are looking for ground level information and want to learn what has worked and not worked in Chicago, you are in the right place.
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Inhalt bereitgestellt von Mark Ainley and Tom Shallcross and Straight Up Chicago Investor. Alle Podcast-Inhalte, einschließlich Episoden, Grafiken und Podcast-Beschreibungen, werden direkt von Mark Ainley and Tom Shallcross and Straight Up Chicago Investor oder seinem Podcast-Plattformpartner hochgeladen und bereitgestellt. Wenn Sie glauben, dass jemand Ihr urheberrechtlich geschütztes Werk ohne Ihre Erlaubnis nutzt, können Sie dem hier beschriebenen Verfahren folgen https://de.player.fm/legal.
Are you a real estate investor in Chicago or someone looking to invest in the Chicagoland Market? If so, this podcast is for you! We break down the neighborhoods, different sides of the city, and surrounding suburbs so you can understand the uniqueness of investing in Chicago real estate. The hosts and guests are Chicago investors and Property Managers who are making it happen in and around the Windy City. We share information, winning strategies, obstacles, success stories, and most importantly, lessons learned. If you are looking for ground level information and want to learn what has worked and not worked in Chicago, you are in the right place.
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Straight Up Chicago Investor

Properties for Sale on the North Side? We want to buy them. Email: StraightUpChicagoInvestor@gmail.com Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: GCRealtyInc.com/tenant-placement Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: GCRealtyinc.com ============= Daniel Baker, owner of Teton Properties, explains how he’s built a portfolio with strategic house hacks and value-add renovations. Daniel discusses his move from Memphis to Chicago to get started in real estate. He shares some hilarious stories on househack value-add projects and getting extremely gritty to get projects to the finish line. He then breaks down a deal that closed right at the onset of COVID in 2020. Throughout this episode, Daniel gives numerous examples of how getting scrappy and persevering can be a competitive advantage that pays huge dividends. If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Daniel Baker , Teton Properties Link: H ow to Win Friends and Influence People (Book Recommendation) Link: Snowball (Book Recommendation) Link: Jen Fritzshall (Attorney Referral) Link: SUCI Ep 22 - Matt Fritzshall Guest Questions 02:08 Housing Provider Tip - Consider making professional carpet cleaning a move-out requirement for tenants! 04:23 Intro to our guest, Daniel Baker! 07:35 Getting started in real estate with Marcus & Millichap. 18:46 Purchasing a Lincoln Square 4-Flat after a few house hacks! 26:48 Daniel’s top lessons learned after his first few projects! 29:41 Jumping into a deal with COVID looming. 39:33 Closing a deal while getting laid off! 44:40 What’s next for Daniel? 47:48 Daniel’s outlook on Chicago! 50:43 What is your competitive advantage? 51:11 One piece of advice for new investors. 51:30 What do you do for fun? 51:51 Good book, podcast, or self development activity that you would recommend? 52:22 Local Network Recommendation? 49:10 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

1 Episode 376: Buy Before You Sell; How To Write Offers Non-Contingent on The Sale of Your Existing Property 10:20
Properties for Sale on the North Side? We want to buy them. Email: StraightUpChicagoInvestor@gmail.com Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: GCRealtyInc.com/tenant-placement Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: GCRealtyinc.com ============= How Can I buy a new property before selling my existing property, while still not having my offer contingent on the existing sale? If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Perry Farella of First Community Mortgage Link: Perry Farella - First Community Mortgage ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

1 Episode 375: Learn How To Build A Chicago Portfolio Without Quitting the W2 with Nate Fernandez 52:05
Properties for Sale on the North Side? We want to buy them. Email: StraightUpChicagoInvestor@gmail.com Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: GCRealtyInc.com/tenant-placement Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: GCRealtyinc.com ============= Real Estate Nate shares how he has accumulated 26-units with healthy cash flow all while having a demanding W2 job! Nate shares lessons learned from his first few deals and compares small vs large multifamily buildings. He explains how he and his wife leverage their high-income W2 jobs to propel their real estate investments and hedge associated risks. Nate dives into his consulting business involving CRM system implementation. Nate closes with tips on financing 5+ unit buildings and emphasizes the importance of building a great team to set yourself up for REI success! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Nate Fernandez, Optimum Process Partners Link: Nate's Instagram Link: Nate's LinkedIn Link: NBOA Chicago Link: West Suburban Building Owners Association Link: Extreme Ownership (Book Recommendation) Link: SUCI Ep 196 - John Warren Guest Questions 02:51 Housing Provider Tip - Power through difficult deals and keep the end goal in mind! 04:48 Intro to our guest, Nate Fernandez! 09:06 Lessons learned from Nate’s first deal! 16:17 Comparing 2-4 unit vs 5+ unit buildings. 20:16 Hedging risk with proper planning. 23:33 Setting up a property management system. 27:02 Nate’s system implementation consulting business and areas of focus. 30:43 Navigating pre-sale inspections. 35:57 Nate’s goals by 40! 38:05 Leveraging a W2 job to propel real estate investments! 40:55 How to finance 5+ unit buildings. 45:11 What is your competitive advantage? 45:53 One piece of advice for new investors. 46:19 What do you do for fun? 46:57 Good book, podcast, or self development activity that you would recommend? 47:50 Local Network Recommendation? 49:10 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

1 Episode 374: Taking On Opportunity In Chicago’s Toughest Neighborhoods with Corey Oliver 1:06:33
1:06:33
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Properties for Sale on the North Side? We want to buy them. Email: StraightUpChicagoInvestor@gmail.com Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: GCRealtyInc.com/tenant-placement Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: GCRealtyinc.com ============= Corey Oliver, CEO of Strength in Management, is back three years later to share additional insights on managing in C/D neighborhoods. Corey starts by discussing recent compression of cap rates and investment financials in Chicago C/D class neighborhoods. He gets granular on the process for placing and managing CHA tenants. Corey breaks down how he sets investment return expectations for out of state investors looking to invest in lower income neighborhoods. Corey closes with exciting news about his upcoming development project which includes city grants and tax credits! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Corey Oliver , Strength in Management Link: NBOA Chicago (Network Referral) Link: Corey's Original Episode 175 Guest Questions 02:38 Housing Provider Tip - Understand the risks of hydro-jetting old sewer lines! 04:07 Intro to our guest, Corey Oliver! 09:49 Cap rates and expense ratios in challenging neighborhoods! 15:16 Rent increase on subsidized housing tenants. 17:55 Managing CHA tenants. 32:00 Setting expectations on C/D class investments! 42:18 Corey’s upcoming development project! 61:21 What is your competitive advantage? 61:37 One piece of advice for new investors. 62:02 What do you do for fun? 62:43 Good book, podcast, or self development activity that you would recommend? 63:48 Local Network Recommendation? 64:08 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

Properties for Sale on the North Side? We want to buy them. Email: StraightUpChicagoInvestor@gmail.com Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: GCRealtyInc.com/tenant-placement Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: GCRealtyinc.com ============= How can Chicago investors fund rehabs for 2-4 unit properties? If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Perry Farella of First Community Mortgage Link: Perry Farella - First Community Mortgage ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

Properties for Sale on the North Side? We want to buy them. Email: StraightUpChicagoInvestor@gmail.com Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: GCRealtyInc.com/tenant-placement Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: GCRealtyinc.com ============= Kevin Schnell of Concord Capital has amassed a portfolio of over 400 rental units and has vast experience repositioning multi-family and mixed-use real estate investments! Kevin hits the ground running with how he grinded early in his real estate career to learn his markets and efficiently prospect to generate deal flow. He discussed the valuable knowledge he gained while working with MO2 Properties, a Chicago-based rental property owner and operator. Kevin describes the journey of leaving MO2 Properties to start his own investment company. He closes the show with advice on adaptive reuse projects and motivating words on why Chicago is the place to be for REI! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Kevin Schnell, Concord Capital Link: Kevin's LinkedIn Link: Getting to Yes (Book Recommendation) Link: Liz Butler (Zoning Attorney Referral) Guest Questions 03:05 Housing Provider Tip - Understand tenant chargebacks to protect yourself from tenant damages! 04:39 Intro to our guest, Kevin Schnell! 07:14 How to learn a market and prospecting. 15:57 Kevin’s transition to MO2 Properties! 23:18 Strategies for cold calling sellers. 32:47 Leaving MO2 to start an investment business! 36:42 Kevin’s current focus. 41:44 Considerations on adaptive reuse projects! 44:35 Why Kevin is doubling down on Chicago! 48:55 What is your competitive advantage? 49:18 One piece of advice for new investors. 50:12 What do you do for fun? 50:50 Good book, podcast, or self development activity that you would recommend? 51:43 Local Network Recommendation? 52:05 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

1 Episode 371: How To Break into Chicago Real Estate Investing in Your 20s with Michael Kaplan 54:20
Michael Kaplan is a real estate broker and investor who has grinded to become a top broker at 24 years of age! Michael starts by explaining how he realized that college was not for him and pivoted to an entrepreneurial route in real estate! He explains the mindset required to start real estate investing and how he was able to acquire a 4-unit property in McHenry. Michael gets granular on how providing top tier service in leasing allowed him to get referral business which led to the creation of his team, the REKAP Group. Throughout the show, Micheal emphasizes the importance of a strong work ethic and transparency to gain the trust of potential clients and propel your business’ growth. If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Michael Kaplan, The REKAP Group Link: Michael's Instagram (@M.J.Kaplan) Link: The REKAP Group's Instagram (@RekapGroup) Guest Questions 03:31 Housing Provider Tip - Keep space heaters handy to be prepared for No Heat situations in winter! 05:00 Intro to our guest, Michael Kaplan! 12:13 Grinding as a newly licensed broker. 25:05 The mindset to start investing in real estate! 31:37 Micheal’s first investment in McHenry. 37:47 Starting the REKAP Group! 42:53 What would Michael change in his RE journey so far? 46:14 What is your competitive advantage? 47:12 One piece of advice for new investors. 48:17 What do you do for fun? 49:24 Good book, podcast, or self development activity that you would recommend? 50:26 Local Network Recommendation? 50:43 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

What's Different in Today's Lending Environment and How do Chicago Investors Capitalize? ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Eric Workman of Renovo Financial Link: Workman Lending Team - Renovo Financial - Real Estate Investment Loans Link: B uild Your Team | Straight Up Chicago Investor Podcast ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

Erik Swanson, owner of Fernweh Property Group, explains how he’s developed a track record with investors that has allowed him to build a Tap Room business and an impressive real estate portfolio! Erik starts with very cool stories about his days in the music industry including working alongside some legendary bands! He dives into his first couple real estate deals including a FHA 203k loan and an intense story about a drive-by shooting at one of his properties! Erik discusses how he raised money to start an innovative, self-pour Tap Room business and emphasizes the importance of building a track record to raise money. He shares keys to growth in real estate and explains how he runs his businesses all while traveling across the world on a regular basis! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Erik Swanson, Fernweh Property Group Link: Erik Swanson's LinkedIn Link: Eric Workman (Network Referral) Guest Questions 04:24 Intro to our guest, Erik Swanson! 09:58 Transitioning from the music industry to real estate! 15:28 Drive-by shooting at Erik’s 5-unit building. 18:16 Lessons learned from rehab projects. 20:35 Starting a self pour tap room during COVID! 30:11 Erik’s keys to explosive growth in real estate. 37:36 Reputation building to raise money. 41:57 What’s next for Erik?! 49:12 What is your competitive advantage? 49:50 One piece of advice for new investors. 50:36 What do you do for fun? 50:50 Good book, podcast, or self development activity that you would recommend? 51:33 Local Network Recommendation? 52:23 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

1 Episode 368: Current Chicago Apartment Sales & Leasing Trends with Joe Smazal & Ann Reilly (NSBC Live Event) 40:42
Tom and Mark interview Joe Smazal of Interra Realty and Ann Reilly of Westward360 during NSBC’s Live Event! Conversations range from leasing trends to handling evictions and the state of the multifamily market in 2025. This show is full of valuable insights from two heavy hitters in the Chicago Multifamily Real Estate market! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Joe Smazal & Ann Reilly, Interra Realty & Westward360 Link: Joe Smazal's LinkedIn Link: Ann Reilly's LinkedIn Link: SUCI Ep 156 - Joe Smazal Link: Northwest Side Building Coalition (NSBC) Website Guest Questions 00:30 The State of Chicago’s NW Side Commercial Real Estate. 04:33 Leasing trends and strategies! 10:18 Dealing with evictions in today’s market. 17:17 Who is transacting in multifamily real estate in Chicago? 20:58 The evolution of the tenant pool and the market in Chicago. 24:53 Rapid fire Chicago real estate questions! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

How do I incentivize and optimize renewals? ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jeff Weinberg, Drexel Properties Link: Jeff Weinberg Shares Property Management Expertise on the Straight Up Chicago Investor Podcast ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

1 Episode 366: Networking Leader from Creative Financing to Six-Figure Commission Checks with Jeffrey Ma 54:43
Jeffrey Ma joins us to share his experience as a real investor, broker, and wholesaler including various creatively structured deals! Jeffrey starts by discussing his upbringing, start in real estate, and how he established a focus on wholesaling. He dives deep into “creative” deals including one deal where he was able to close on a property minutes before it would have been foreclosed on. Jeffrey explains how he’s gotten into bigger deals including a multifamily syndication and brokering a warehouse space that resulted in a six-figure commission! Throughout the show, Jeffrey is able to eloquently convey his approach to real estate and life which revolves around enjoying the process and being grateful for the present moment! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jeffrey Ma , Keller Williams Preferred Realty Link: Jeffrey's Instagram Link: Chicago Real Estate Investors Meetup Link: Eli Goodman's LinkedIn Link: SUCI Ep 326 - RJ de Leon (Network Referral) Link: Mind Management, Not Time Management (Book Recommendation) Guest Questions 02:53 Housing Provider Tip - Keep a bag of ice melt at your properties in the event of unforeseen slippery conditions! 04:27 Intro to our guest, Jeffrey Ma! 12:10 Gaining momentum in real estate and getting into wholesaling! 19:11 Jeffrey’s journey to creative deals. 25:18 Case studies of “cool” deals! 29:44 Jeffrey’s most “unconventional” deal to date. 36:46 Getting into bigger deals including a 6-figure commission! 40:06 The Origin Story of Jeffrey’s and his partner Eli’s meetup. 43:02 What’s next for Jeffrey?! 48:35 What is your competitive advantage? 49:00 One piece of advice for new investors. 49:23 What do you do for fun? 49:58 Good book, podcast, or self development activity that you would recommend? 51:21 Local Network Recommendation? 51:42 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

Wyatt Simon, owner of Full Circle Real Estate, discusses the successes and lessons learned in his journey to building a $20 million real estate portfolio! Wyatt starts by talking about how a successful BRRRR deal allowed him to gain momentum early on in his investing career. After a homerun deal, he shares lessons learned from a bad deal that involved getting caught doing construction without a permit and going significantly over budget! Wyatt explains the issues that arise from lack of liquidity even for high networth individuals. Throughout the episode, Wyatt drops powerful insights on mentorship, staying disciplined, and starting with the end in mind! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Wyatt Simon , Full Circle Real Estate Link: Wyatt's Instagram Link: Wyatt's 7 Figure Mastermind Link: Your First 100 Units (Wyatt's Book) Link: 7 Habits of Highly Effective People (Book Recommendation) Link: Jake and Geno (Network Referral) Guest Questions 03:30 Housing Provider Tip - Understand appliance warranties and reconsider extending warranties! 05:09 Intro to our guest, Wyatt Simon! 11:16 Wyatt’s first BRRRR deal. 14:50 A third deal, gone bad! 19:47 How to start direct-to-seller marketing. 28:02 Ins and outs of “subject to” financing deals. 34:07 Navigating liquidity concerns. 37:56 Wyatt’s 5-year outlook! 41:12 What is your competitive advantage? 41:37 One piece of advice for new investors. 42:53 What do you do for fun? 43:10 Good book, podcast, or self development activity that you would recommend? 44:16 Local Network Recommendation? 44:52 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

How does credit effect DSCR loans? ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Eric Workman, Renovo Financial Link: Workman Lending Team - Renovo Financial - Real Estate Investment Loans Link: Build Your Team | Straight Up Chicago Investor Podcast ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

John discusses his start in real estate over a decade ago and reflects on missed opportunities, lessons learned, and success stories! He shares practical advice on simply structuring partnerships and talks about Forte Properties’ plan for growth in the western suburbs. John dives into starting a property management company along with building and remaining loyal to a team to support his portfolio. Mr. Warren closes with motivating words on entrepreneurship and why you should take the leap of faith! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: John Warren, Forte Properties Link: Forte Properties (@fortepropertieschicago) • Instagram photos and videos Link: Extreme Ownership (Book Recommendation) Link: Luke Erlandson (Agency Lender Referral) Guest Questions 02:53 Intro to our guest, John Warren! 03:18 Lessons learned from growing a 168-unit portfolio! 06:50 How to simply structure a partnership? 12:00 John’s geographical focus and plans for growth. 21:01 Resetting expectations on real estate investment returns! 23:45 Setting up a property management office. 26:27 Property management software and leveraging virtual assistants. 31:48 John’s recent horror story! 33:53 What would John do differently in his journey? 34:47 Growing a family while pursuing entrepreneurship. 36:50 What is your competitive advantage? 37:18 One piece of advice for new investors. 37:43 What do you do for fun? 38:26 Good book, podcast, or self development activity that you would recommend? 39:00 Local Network Recommendation? 40:15 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

Scott Henry, Founder of Celadon Partners, joins to discuss the ins and outs of Affordable Housing Development including tax credits, grants, and construction considerations. Scott starts by sharing his experience working at JPMorgan’s Low Income Housing Tax Credit investment group and his transition to developing affordable housing! He provides a case study of an adaptive reuse project and gets granular on how the acquisition opportunity was presented, how the capital was raised, and construction considerations. Scott shares notable due diligence stories and talks about what to look for in buildings when considering adaptive reuse redevelopment. This is a great show that sheds light on the opportunities and incentives available for affordable housing developers! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Scott Henry, Celadon Partners Link: Scott's LinkedIn Link: Banana Ball (Book Recommendation) Link: Landmarks Illinois (Network Referral) Link: SUCI Ep 351 - Richard Koenig Guest Questions 02:47 Housing Provider Tip - Dial in your tenant screening process to prevent issues! 04:22 Intro to our guest, Scott Henry! 08:50 The Low Income Housing Tax Credit. 13:25 Case Study - Adaptive Reuse Project! 20:45 Covenants for Tax Credits and Grants. 28:54 Construction Considerations on Adaptive Reuse Projects. 34:03 Shocking stories during due diligence. 37:40 What is your competitive advantage? 38:14 One piece of advice for new investors. 38:34 What do you do for fun? 39:05 Good book, podcast, or self development activity that you would recommend? 40:39 Local Network Recommendation? 41:46 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

What actionable steps do I need to take for the Northwest Side Preservation Ordinance? ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Brie Schmidt, Second City Real Estate Link: Northwest Side Preservation Ordinance Link: The Current State Of Chicago’s Northside Real Estate Market With Managing Broker Brie Schmidt Link: Episode 327: Logan & Humboldt Property Owners’ Rights Taken By The New NW Preservation Ordinance with Luke Blahnik ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

1 Episode 360: Don’t Be Foolish, Protect Your Assets and This Is How with David Lanciotti and Del Denney 45:57
David Lanciotti and Del Denney of The Land Trust Company explain why all real estate investors should understand and consider utilizing Land Trusts! David and Del jump right in by explaining the basics and complexities associated with land trusts. They dive into the challenges that may arise when transferring properties into land trusts. The duo provides real life examples of how a land trust can help protect housing providers from lawsuits and help maintain privacy. This show is loaded with valuable tips on asset protection and privacy to help you bulletproof your portfolio! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: David Lanciotti and Del Denney, The Land Trust Company Link: High Performance Playbook (Del's Book!) Link: Deep Work (Book Recommendation) Link: Bunkhouse Logic (Book Recommendation) Guest Questions 01:51 Housing Provider Tip - Vet tenant’s income before agreeing to a payment plan. 05:31 Intro to our guests, Del and David! 07:30 The Ins and Outs of Land Trusts. 16:41 The downsides of a Land Trust. 22:03 Deep Dive on Trusts and Probate! 29:55 When does it not make sense to set up a Trust? 33:38 The process and costs for setting up a trust. 38:55 What is your competitive advantage? 39:27 One piece of advice for new investors. 39:55 What do you do for fun? 40:30 Good book, podcast, or self development activity that you would recommend? 42:33 Local Network Recommendation? 43:01 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

1 Episode 359: 2025 Cook County Evictions with Tom Raleigh 1:01:02
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Tom Raleigh, Founding Attorney of Halsted Law Group, returns after being on Episode 40 to talk evictions! Tom jumps right in by breaking down the eviction process and the timelines in 2025. He gives great tips on getting ahead of the process and emphasizes the importance of staying on top of tenants and not waiting too long to file the eviction case. Tom hits us with rapid fire eviction stats including neighborhoods and even streets where his office has had the most eviction filings. He closes with top insights on complying with Fair Housing and tenant screening to avoid eviction court altogether! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Tom Raleigh, Halsted Law Group Link: Tom Raleigh's LinkedIn Link: Meditations (Book Recommendation) Link: Shawn Ryan Show (Podcast Recommendation) Guest Questions 02:27 Housing Provider Tip - Dial in your tenant screening process to prevent issues! 04:17 Intro to our guest, Tom Raleigh! 5:01 The Eviction Process in 2025. 12:48 How can landlords get ahead in the eviction process? 21:56 Rapid fire stats on Tom’s eviction filings! 30:40 Housing Section of the CARES Act. 39.28 10 Day Notice for Cause. 47:36 Tips for Landlords to avoid Fair Housing violations. 55:41 What is your competitive advantage? 56:15 One piece of advice for new investors. 56:32 What do you do for fun? 56:58 Good book, podcast, or self development activity that you would recommend? 57:38 Local Network Recommendation? 58:38 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

What can I do to maximize my tax returns? ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Michael Procaccio, Pro Financial Services Group Inc. Link: Build Your Team | Straight Up Chicago Investor Podcast ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

1 Episode 357: Celebrating 20 Years of Kiser Group: Great Chicago insights From Their Network 1:23:34
1:23:34
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Tom and Mark interview some of Chicago’s Real Estate Heavy Hitters during Kiser Group’s 20 Year Anniversary Celebration! Conversations range from condo deconversions, the attorney review side of a commercial deal, and the origins and evolution of Kiser Group. This show is full of wisdom from Kiser Group’s top brokers and business partners so prepare to learn from some of the best folks in the industry! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Lee Kiser and Guests, Kiser Group Link: SUCI Ep 239 - Reducing Assessed Value with Fritz Kaegi and Stacie Young Guest Questions 02:57 Housing Provider Tip - People like doing business with people that they like so treat people well! 04:48 Jake Parker’s insights on condo deconversions and more! 10:09 Andy Friedman reflecting on 7 years at Kiser Group! 19:15 Scott Weinstein: Advice from a Commercial Real Estate Attorney. 26:04 Corey Oliver on acquiring and stabilizing multifamily buildings. 37:03 Top tier commercial lending tips with Matt Bower! 44:48 Dominating in Chicago’s Southside with Aaron Sklar! 57:02 CIC’s latest loan options with Stacie Young! 62:20 Kiser Group’s Origins with Estella and Lee Kiser! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

1 Episode 356: The No BS Guide to Thriving in Chicago Real Estate, Even in Tough Markets… with Frank Montro 1:11:04
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Frank Montro, the King of Chicagoland, returns to share how he and his real estate team have remained top producers during recent years of high interest rates and prices. Frank explains how he coaches buyers to understand monthly payments as opposed to being scared off by rates and pricing. He discusses the keys to getting off the ground as a new broker and/or investor including tips on networking and cold calling. Frank gives brutally honest advice on the work ethic required to succeed and warns “order-taking” agents of the challenges they will face in this market. In this show, Frank empowers you to “put your nose to the grindstone” to stay ahead of your competition! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Frank Montro, Frank Montro Homes Link: SUCI Ep 64 - Frank Montro Link: Exactly What To Say (Book Recommendation) Link: Martin Lorenzen (Lender Referral) Guest Questions 02:45 Housing Provider Tip - Notify your insurance broker of slip and fall incidents to ensure you’re covered! 04:49 Intro to our guest, Frank Montro! 17:24 Surviving as a new broker in today’s market. 23:54 Keys to lead generation and deal flow! 40:16 Committing to real estate while having work-life balance. 64:36 What is your competitive advantage? 64:55 One piece of advice for new investors. 65:24 What do you do for fun? 66:08 Good book, podcast, or self development activity that you would recommend? 66:42 Local Network Recommendation? 67:20 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
What Can I Write Off as a Chicago Househacker? ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Michael Procaccio, Pro Financial Services Group Inc. Link: Build Your Team | Straight Up Chicago Investor Podcast ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

1 Episode 354: 2025 Chicago Market Predictions with Jake Fugman and Mike Scanlon 1:14:18
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Jake Fugman and Mike Scanlon of The Axon Group return to discuss Chicago’s REI market performance, predictions, and exciting developments! Jake and Mike kick things off by assessing their 2024 predictions regarding mortgage rates, appreciation, and cap rates! They then break down the impacts of the Northwest Side Housing Preservation on landlords in the area and provide noteworthy predictions for 2025. These predictions include what the new presidential administration will mean for the downtown market, househacker purchasing power with 5% down, the 1901 project, the path of progress, and much more! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jake Fugman & Mike Scanlon, The Axon Group Link: The Axon Group Instagram Link: SUCI Ep 268 - 2024 Predictions with Jake and Mike Link: SUCI Ep 327 - Luke Blahnik on NW Preservation Ordinance Link: REI Diamonds Podcast Link: ADPI Podcast Link: Kevin Kaspers (Lender Referral) Link: Cost Seg Kev Guest Questions 02:25 Housing Provider Tip - Consult with your attorney and insurance agent on handling slip and fall incidents. 03:17 Intro to our guests, Jake Fugman and Mike Scanlon! 7:59 House Hackers unlocking huge leveraged returns with 5% down! 16:13 What did cap rates do in 2024? 20:22 Prediction 1: The return of 100% bonus depreciation. 24:37 Impacts of the Northwest Side Housing Preservation Ordinance. 38:00 Will downtown Chicago make a comeback? 49:24 Investing in 2-4 unit new construction buildings. 54:37 The 1901 Project! 63:04 What is your competitive advantage? 65:33 One piece of advice for new investors. 67:28 What do you do for fun? 68:25 Good book, podcast, or self development activity that you would recommend? 70:26 Local Network Recommendation? 71:17 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

Mike Bednarz, an accomplished real estate investor and HVAC business owner, joins us to share his inspiring trajectory of growing a real estate portfolio and overcoming a scary accident! Mike explains how he lived frugally to save a down payment and buy his first multifamily investment property in Edison Park. He discusses the discipline he used to acquire his second property and how he found a niche in mixed-use properties with leasing up local retail spaces. Mike shares a life changing incident where he fell off a ladder while working for his HVAC company that resulted in life threatening injuries. He breaks down his recovery despite doctors doubting that it was possible and bouncing back stronger than ever. This is the definition of an inspirational conversation around discipline and grit that you will not want to miss! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Mike Bednarz , Housing Opportunity Development Corporation (HODC) Link: Eat That Frog (Book Recommendation) Link: How Not To Die Guest Questions 05:09 Housing Provider Tip - Understand the Illinois Landlord Retaliation Act! 06:51 Intro to our guest, Mike Bednarz! 15:40 Jumping into a 6-unit after a house hack! 21:32 Finding a niche in mixed-use buildings. 23:36 Mike’s scary accident. 31:58 Mike’s history of discipline. 35:47 What’s next for Mike and the meaning of purpose! 43:35 What is your competitive advantage? 44:57 One piece of advice for new investors. 45:37 What do you do for fun? 46:20 Good book, podcast, or self development activity that you would recommend? 47:42 Local Network Recommendation? 48:46 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

What are the current political issues Chicago investors need to be aware of and how can the NBOA help? ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Mike Glasser, NBOA ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

Richard Koenig is HODC’s Executive Director and has led the development of over 600 units of affordable housing! Richard starts with how he found his “Why” and discovering that he wanted to dedicate his career to helping solve the lack of affordable housing. He gets granular on the financing and approval process on these types of developments. Richard compares market rate housing to affordable housing including cost to build and tenant screening. He shares advice on how smaller investors can help contribute to the affordable housing issue and make a positive impact in their community! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Richard Koenig, Housing Opportunity Development Corporation (HODC) Link: SUCI Ep 283 - S.I. Container Builds Link: Homelessness is a Housing Problem (Book Recommendation) Guest Questions 01:48 Housing Provider Tip - The legal way around HOA rules about lease terms! 03:47 Intro to our guest, Richard Koenig! 08:15 Financing and tax credits for affordable housing development. 14:32 Guidelines for affordable housing designation. 19:08 Dealing with affordable housing critics. 25:31 The economics of building affordable housing. 31:05 Tenant screening process! 38:53 Contributing to affordable housing as a smaller investor. 44:58 Top challenges for developers. 48:27 Opportunities for improvements to bring more development. 51:39 What is your competitive advantage? 51:55 One piece of advice for new investors. 52:18 What do you do for fun? 52:40 Good book, podcast, or self development activity that you would recommend? 53:09 Local Network Recommendation? 54:07 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

1 Episode 350: Reality TV to Realty… Everything Chicago Investor Mike Tenerelli Has Accomplished 46:48
Mike Tenerelli not only has a background in Reality TV, but also in construction, management, and sales which have propelled his explosive growth in real estate! Mike discusses his journey from flipping homes to helping others find the right property. He breaks down analyzing remote markets to find lucrative deals, growing a brokerage business, and adapting to the new NAR rules around buyer’s broker compensation. Mike shares tremendous insights on investment opportunities in prime western burbs and lessons learned from flipping gone wrong! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Mike Tenerelli, Exit Real Estate Partners Link: Mike's Instagram Link: One Rental at a Time (YouTube Channel) Link: Lending One (Lender Referral) Guest Questions 02:27 Housing Provider Tip - Plan accordingly when giving Section 8 tenants notice to vacate! 04:24 Intro to our guest, Mike Tenerelli! 09:18 Becoming a full time investor after 2 flips! 11:42 Learning the Milwaukee market. 20:54 Growing a brokerage business. 24:38 Dealing with new NAR compensation rules. 33:10 The 101 on the Western Burbs! 38:01 Consequences of Flipping Gone Wrong! 42:02 What is your competitive advantage? 42:40 One piece of advice for new investors. 43:28 What do you do for fun? 43:46 Good book, podcast, or self development activity that you would recommend? 44:07 Local Network Recommendation? 44:46 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
When Does a 5 Day Notice Become a 30 Day Notice? ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Mark Ainley, Straight Up Chicago Investor Podcast Link: Enforcing the CARES Act 30-Day Eviction Notice Requirement ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

1 Episode 348: Sam Patterson Is All In On This Western Suburb W/Property Taxes Going Down 1:04:44
1:04:44
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Sam Patterson is a successful Commercial Real Estate Broker, Investor, and Restaurant Owner with vast experience in renovation and property management! Sam opens with his experience in commercial real estate receiverships and his start in investing! He touches on structuring and leveraging partnerships to scale a real estate portfolio. Sam discusses ins and outs of DeKalb including the housing stock and the investment opportunities. In sharing his project experiences, Sam speaks to seller financing, TIF funds, and various other concepts to add to your real estate toolbox! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Sam Patterson, RVG Commercial Real Estate Services | Email Sam (spatterson@rvgcommerical.com) Link: Sheela Prahlad (Lender Referral) Link: Rob Zahm (Roofer Referral) Guest Questions 03:39 Housing Provider Tip - Take precautionary measures to deal with Chicago’s frigid temperatures! 05:40 Intro to our guest, Sam Patterson! 08:41 Crazy receivership stories and becoming an investor! 19:48 Why invest in West Chicago? 23:01 Structuring a partnership. 29:57 DeKalb’s housing stock and investment expectations. 38:38 How TIF funds work! 41:13 Surprises on a large commercial property renovation! 44:16 An overview of Sycamore. 50:24 Refinance terms on a commercial loan. 53:17 What’s next in Sam’s investment journey? 58:24 What is your competitive advantage? 59:19 One piece of advice for new investors. 60:11 What do you do for fun? 60:49 Good book, podcast, or self development activity that you would recommend? 61:32 Local Network Recommendation? 62:11 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
Josh Bandoch is the Head of Policy at the Illinois Policy Institute where he works to spread awareness on improving housing policies to promote affordability and social mobility. Josh starts by describing how he got into housing policy and the mission of the Illinois Policy Institute. He explains some of the prohibitive policies in Illinois that restrict development and the increase of housing supply. Josh discusses the power of ADUs to bring affordable housing supply and how other cities with less restrictions have successfully developed ADUs. He closes by explaining how Illinois can and should look at the policies in other states that have helped solve affordable housing and state debt issues. This is a great show to understand macro-level issues we deal with here in Illinois and how we can make our voice heard to help reach solutions! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Josh Bandoch, Illinois Policy Institute Link: Josh's LinkedIn Link: Thinking Fast and Slow (Book Recommendation) Guest Questions 01:35 Housing Provider Tip - Keep heat on in vacant units to prevent pipe bursts and other issues during winter! 03:36 Intro to our guest, Josh Bandoch! 06:42 The Illinois Policy Institute and its mission! 13:21 Policies negatively impacting housing affordability. 24:23 Benefits of ADUs and restrictions in Illinois. 34:14 Places with the least amount of housing regulation. 38:05 Dissecting Illinois Property Taxes! 44:54 Looking outside of Chicago to solve Chicago’s problems! 47:47 What is your competitive advantage? 48:46 One piece of advice for new investors. 49:12 What do you do for fun? 49:47 Good book, podcast, or self development activity that you would recommend? 50:34 Local Network Recommendation? 51:00 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

What IL rules changes do investors need to be aware of in 2025? ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Mark Ainley, Straight Up Chicago Investor Podcast Link: Cook County Landlords Won’t Need Sheriff to Serve 2025 Notices ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2025.…
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Straight Up Chicago Investor

1 Episode 345: Multiple Logan Square 3-Flats With Less Than $10k Down…Hear How with Joey Turano 53:16
Joey Turano is real estate broker and investor who has leveraged partnerships and low down payment loans to quickly build his multifamily buildings portfolio! Joey starts by describing his “soul searching” journey in Europe and realizing that real estate would be his career path in life! He explains how he got scrapy to bring value to a Top Producing Real Estate agent and eventually joined the team to learn the ropes of real estate brokerage. Joey describes how he quickly purchased two househacks by leveraging low down payment loans and partnerships. He drops some hilarious horror stories on tenants and DIY projects and also reflects on his investment strategy and how it will be refined moving forward! This is another great show that demonstrates how taking action sooner than later is a key to success. If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Joey Turano, The Ben Lalez Team - Compass Link: Joey's Instagram Link: SUCI Ep 203 - Catalin Maticiuc Link: Scott Schneiderman (Lender Referral) Link: Extreme Ownership (Book Referral) Guest Questions 03:31 Housing Provider Tip - Keep space heaters handy to be prepared for No Heat situations in winter! 06:16 Intro to our guest, Joey Turano! 10:33 Getting into real estate and choosing a team. 15:52 Working Zillow leads and getting into investing. 18:26 Strategies to get into REI! 21:36 Joey’s first deal. 26:51 Quickly buying deal #2. 30:20 Lessons from DIY projects and partnering with family. 35:09 Funny, horror stories! 38:20 Refining an investment strategy. 47:04 What is your competitive advantage? 47:45 One piece of advice for new investors. 48:32 What do you do for fun? 49:00 Good book, podcast, or self development activity that you would recommend? 49:32 Local Network Recommendation? 50:21 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 344: Finding Success in Sourcing and Renovating Deals with Seasoned GC Boyan Salha 1:01:33
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Boyan Salha is a seasoned General Contractor and the leader of his company Best Fit Homes. He joins us to share how he learned to source and renovate deals from working with a large investment group. Boyan starts by explaining the investing lessons learned by working with a large investment group alongside previous guest Kirby Atwell! He breaks down how he sources and finances distressed properties. He discusses his flipping experiences and how margins have changed over the years. Boyan talks about building relationships with subcontractors and the value that a quality General Contractor brings to their client. This show is full of golden nuggets from the perspective of an investor GC! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Boyan Salha, Best Fit Homes Link: SUCI Ep 321 - Kirby Atwell Link: George Wyatt (Home Inspector Referral) Link: Patrick Bet David (YouTube Channel) Link: Atomic Habits (Book Recommendation) Guest Questions 02:44 Housing Provider Tip - Adjust terms so rentals being marketed in the winter end during the spring/summer rental season. 05:17 Intro to our guest, Boyan Salha. 12:21 Connecting with Kirby Atwell and getting into real estate. 23:51 Starting a General Contracting business! 28:18 Financing distressed properties. 30:42 Transitioning from flips to owning rentals. 39:43 Working as a General Contractor for third parties. 42:31 Growing a team of sub-contractors and the value of a good GC! 48:58 Boyan’s investing strategy in 2024 and outlook on Chicago. 52:58 What is your competitive advantage? 53:30 One piece of advice for new investors. 54:35 What do you do for fun? 55:30 Good book, podcast, or self development activity that you would recommend? 57:08 Local Network Recommendation? 58:36 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
What do investors need to know about the new tenant credit report law? ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Mark Ainley, Straight Up Chicago Investor Podcast Link: How 2025 Illinois Tenant Credit Report Law Impacts Landlords ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 342: Building and Selling a 7-Figure Property Management Company and Leveling Up with Virtual Assistants with Pete Neubig 54:26
Pete Neubig joins us to discuss how he built and sold a 7-figure property management company and started VPM Solutions; a platform designed to help property management and real estate professionals with staffing to improve efficiencies and profits! Pete starts by explaining how he went from IT to building and selling a 7-figure property management company! He shares a brief horror story about getting sued for $1.5 million! He discusses how he started VPN Solutions on the “Who Not How” concept; Pete is leveraging remote staff to offload work to focus on higher-dollar activities. This show is packed with fantastic tips to help improve your business and grow your bottom line! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Pete Neubig, VPM Solutions Link: NARPM Website Link: Pete's LinkedIn Link: Traction (Book Recommendation) Guest Questions 03:08 Housing Provider Tip - Consider outsourcing all or select aspects of property management! 05:10 Intro to our guest, Pete Neubig! 9:27 Getting sued for $1.5 million! 11:21 Making the jump to start a business. 17:40 Finding a mentor / coach and growing a business! 27:58 Outsourcing property management! 39:04 Processes for hiring management personnel. 48:33 What is your competitive advantage? 49:05 One piece of advice for new investors. 49:15 What do you do for fun? 50:00 Good book, podcast, or self development activity that you would recommend? 50:25 Local Network Recommendation? 50:42 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Susan Tjarksen is the Managing Director at Cushman & Wakefield and has led the development of residential and commercial across the country! Susan discusses her time in hotel management and shares some funny/horror stories! She explains how receiverships work and how investors can capitalize on this opportunity. She breaks down the nuances of large scale developments including insane time frames on projects of this magnitude. Susan fires us up with an epic rant on why Chicago is the place to be and is set up to continue growing and thriving! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Susan Tjarksen, Cushman & Wakefield Link: SUCI Ep 29 - Ciere Boatright Link: SUCI Ep 68 - Lee Kiser Link: SUCI Ep 274 - Marc Rutzen Link: The Overstory (Book Recommendation) Guest Questions 04:02 Housing Provider Tip - Negotiate spring season exterior projects now to get the best pricing! 05:48 Intro to our guest, Susan Tjarksen! 8:57 Horror stories from Susan’s hotel management days! 12:25 Permitting/Zoning insights for large scale developments. 15:08 The Ins and Outs of Receivership. 19:29 Establishing a real estate brokerage. 24:50 Transitioning to Cushman & Wakefield. 29:55 Considerations on large scale developments. 44:23 Reasons to be bullish on Chicago! 48:25 What is your competitive advantage? 48:53 One piece of advice for new investors. 49:20 What do you do for fun? 49:40 Good book, podcast, or self development activity that you would recommend? 50:28 Local Network Recommendation? 51:00 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

What is an enterprise zone and how can investors benefit from these areas? ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Tom Shallcross, Straight Up Chicago Investor Podcast Link: Chicago Enterprise Zone Application Link: Chicago Enterprise Zone Program ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 339: How to Get to 1,000 Units in 20 Years… The Blueprint With Jeff Weinberg 1:00:28
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Jeff Weinberg returns to the show after two years to share the impressive growth of Drexel Properties! Jeff explains how Drexel Properties has grown from 600 units to over 1000 units over the last 2 years. He discusses how his team leverages technology to streamline their property management business. Jeff dives deep on how to find deals in a competitive market and emphasizes the importance of treating your team right and building a great reputation so you’re the one who gets the call when a deal is available. Jeff closes with great tips on what to look for in a property manager and the importance of getting in the game ASAP! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jeff Weinberg, Drexel Properties | Email Jeff (Jeff@DrexelProperties.com) Link: Jeff's LinkedIn Link: SUCI Ep 154 - Jeff Weinberg Link: SUCI Ep 174 - Kevin Krasney (Cole's Appliances) Link: Mark Cunningham - Property Management Podcast Guest Questions 02:02 Housing Provider Tip - Be an informed pet friendly housing provider! 06:13 Intro to our guest, Jeff Weinberg! 07:20 Aggressively growing a rental portfolio in a tough market. 15:05 Leveraging technology to scale a portfolio. 19:11 Finding deals in a competitive market. 24:55 Building a reputation as a property manager. 32:40 Key traits of great property managers! 49:53 Things Jeff would’ve done differently along his journey. 53:30 What is your competitive advantage? 54:18 One piece of advice for new investors. 54:55 What do you do for fun? 55:43 Good book, podcast, or self development activity that you would recommend? 56:52 Local Network Recommendation? 57:41 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 338: Skills Earned On The Floor of Wall Street Become Secret Power In Moving Apartment Buildings with Andy Friedman 1:09:48
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Andy Friedman is a Senior Director at Kiser Group and has a proven track record of success in Chicago Multifamily Real Estate. Andy shares his experience as a stock trader and brewery owner, including how the skills he obtained in those endeavors translated to real estate! Andy explains the grit required to get off the ground in commercial real estate. He provides valuable tips for new commercial real estate buyers and how those buyers can build relationships with multifamily brokers. In typical SUCI fashion, Andy closes with Chicago neighborhoods that he is bullish on for growth! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Andy Friedman, Kiser Group Link: Andy's LinkedIn Link: Range (Book Recommendation) Link: Dean Huber (Lender Referral) Link: GC Realty Careers Guest Questions 01:52 Housing Provider Tip - Building good rapport with your tenants is critical! 03:12 Intro to our guest, Andy Friedman! 16:55 Andy’s transition from stock trading to real estate. 22:31 The journey of starting a brewery! 31:30 Getting off the ground in commercial real estate. 39:23 Tips for first time commercial real estate buyers. 54:04 Neighborhoods that Andy is bullish on! 59:07 What is your competitive advantage? 60:01 One piece of advice for new investors. 61:45 What do you do for fun? 62:25 Good book, podcast, or self development activity that you would recommend? 64:07 Local Network Recommendation? 66:12 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
What are the appropriate steps to take to raise capital from investors? ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Aram Ghazaryan, AMG Realty Link: Episode 335: The Growth Every Chicago Investor Wants - Listen To What Aram Ghazaryan Did in 24 Months ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 336: Can Both Sides Get What They Need Around Chicago Landlord-Tenant Laws with Michelle Gilbert 58:15
Michelle starts by explaining both Chicago’s RLTO and Cook County’s RTLO, and the differences between the two ordinances. She gets granular on disclosures required from Housing Providers to remain in compliance with the ordinance(s) and breaks down security deposits and move-in fees. Michelle dives deep on the eviction process and shares resolution tips to aid with landlord-tenant issues. She closes with a 5 year outlook for her team at the Law Center for Better Housing to continue advocating for fair housing! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Michelle Gilbert, Law Center for Better Housing (LCBH) Link: Cook County Legal Aid for Housing and Debt (CCLAHD) Link: Family Properties (Book Recommendation) Link: SUCI Ep 42 - Bob Floss Guest Questions 03:02 Housing Provider Tip - Regularly change your thermostat batteries to eliminate easy “No Heat” issues! 04:26 Intro to our guest, Michelle Gilbert! 05:55 Michelle’s involvement with the Chicago RLTO! 11:45 The Cook County RTLO! 17:52 Security Fee vs Non-Refundable Move-In Fee. 22:53 Properly disclosing exemptions. 30:38 Cook County eviction process. 35:33 How can Housing Providers and Tenants reach resolutions? 41:02 Refining tenant screening criteria to minimize discrimination. 48:08 5 Year Outlook for Michelle at LCBH! 51:37 What is your competitive advantage? 51:58 One piece of advice for new investors. 53:02 What do you do for fun? 54:16 Good book, podcast, or self development activity that you would recommend? 55:10 Local Network Recommendation? 55:46 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 335: The Growth Every Chicago Investor Wants - Listen To What Aram Ghazaryan Did in 24 Months 54:22
Aram Ghazaryan returns to explain how he transitioned from a successful RE broker to a flipper executing over ten profitable flips per year. Aram starts by discussing his first multifamily investment which was a 7-unit building. He explains his decision to stop being an agent and jump into flipping properties full time. Aram shares tremendous lessons learned from flipping and has great insights on construction and financing. He breaks down his marketing strategy for deal flow to keep the flip projects coming along. Throughout the show, Aram demonstrates that taking action and surrounding yourself with a good construction and financing is the key to success in the flipping game! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Aram Ghazaryan, AMG Realty | Follow Aram on Instagram (@AramGRealty) Link: How to Win Friends and Influence People (Book Recommendation) Link: The Book on Tax Strategies for Savvy Real Estate Investor Link: Rudy Minasian (Attorney Referral) Guest Questions 02:11 Housing Provider Tip - Be aware of landlord-tenant requirements around electric vehicle charging stations. 04:37 Intro to our guest, Aram Ghazaryan! 08:37 Purchasing a 7-unit building for the first time! 12:48 Stopping real estate brokerage to be a full time investor. 27:24 Finding contractors and lessons learned from flips! 30:12 Aram’s mailing campaign strategy! 36:19 Getting caught working without permits. 46:30 Liquidity requirements for flippers. 48:05 Aram’s geographical areas of interest moving forward. 49:47 What is your competitive advantage? 50:07 One piece of advice for new investors. 50:26 What do you do for fun? 51:34 Good book, podcast, or self development activity that you would recommend? 52:16 Local Network Recommendation? 52:43 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

What can you cancel a contract for after all contingencies have passed? ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Chance Badertscher of Lavelle Law Link: Build Your Team | Straight Up Chicago Investor Podcast ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Zack Limbaugh of the Limbaugh Law Firm provides his clients with legal representation and strategy to remedy Building Code Violations and other matters associated with Chicago Buildings! Zack starts by explaining how he got his foot in the door with the City of Chicago before becoming an attorney and leveraged those relationships to build a niche in legally handling Building Code Violations! Zack talks about top considerations when seeking financing on violation properties. He then breaks down dealing with stop work orders and demo court properties. In this show, Zack provides tremendous insights on how to search for and understand violations to give you an edge over your competition! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Zack Limbaugh, The Limbaugh Law Firm Link: A People's History of the United States (Book Recommendation) Link: SUCI Ep 79 - Gary Davidson (Castle Law) Guest Questions 02:04 Housing Provider Tip - Write down and stick to your tenant screening criteria! 04:05 Intro to our guest, Zack Limbaugh! 10:20 Starting off as an Attorney specializing in Chicago Building Violations! 16:53 Discovering and assessing Building Code Violations. 30:25 How to find out if violations are active. 32:26 Getting financing on properties with violations. 39:17 Dealing with Stop Work Orders! 46:37 Demo Court properties. 51:41 What is your competitive advantage? 51:52 One piece of advice for new investors. 52:16 What do you do for fun? 52:37 Good book, podcast, or self development activity that you would recommend? 53:03 Local Network Recommendation? 53:21 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 332: From Slangin’ Windows To Building Chicago 6 Flats in 10 Year with Joey Halperin 56:27
Joey Halperin is a real estate broker and developer with vast experience in ground up development and renovation projects across Chicago! Joey starts by explaining how he left the corporate world to jump into general contracting and real estate brokerage! He gets granular on difficult renovation projects and the importance of having skilled contractors to help assess and mitigate risk. Joey discusses how he's finding deal flow in this tough market and explains how understanding Zoning can be a cheat code. He closes with a bullish outlook on Lincoln Square and other “path of progress” neighborhoods! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Joey Halperin, Halperin & Schatz Real Estate Group Link: Joey's Instagram Link: SUCI Ep 236 - Alex Morsch Link: Alex Bok (Network Referral) Guest Questions 01:39 Housing Provider Tip - Prepare your tenants for issues that may arise during the winter season! 03:50 Intro to our guest, Joey Halperin! 11:55 Joey’s start in real estate development. 19:24 Getting into residential real estate brokerage. 23:33 Joey’s investment portfolio and neighborhoods of interest. 27:11 Taking on tough rehab projects. 33:10 Finding deal flow in this competitive market. 40:05 Neighborhoods that Joey is bullish on! 48:54 What is your competitive advantage? 49:37 One piece of advice for new investors. 50:35 What do you do for fun? 51:27 Good book, podcast, or self development activity that you would recommend? 52:31 Local Network Recommendation? 53:44 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Which South Side neighborhoods have been the biggest surprise and which neighborhoods have the most potential? ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Aaron Sklar , Kiser Group Link: Episode 141: Straight Up Tues Tip 29 - Noah Birk and Aaron Sklar Sit Down to Explain How Investors New To The Multifamily Space Can Catch A Broker's Eye ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 330: Condo Conversions, Building Violations, and How to Stay Compliant with the New CTA with James Erwin 54:17
James Erwin has decades of experience practicing Real Estate Law and is a board member of the NSBC! James starts by breaking down the legal ins and outs for condo deconversions. He dives deep on the process for clearing building violations on properties including tips to keep the City and lenders happy. James explains the Corporate Transparency Act (CTA) and everything that must be disclosed in order to stay compliant. Throughout the show, James displays his deep knowledge of real estate law and how his firm is providing top notch service to their clients! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: James Erwin, Erwin Law Link: FinCEN Link: James' Contact Info Link: The 4 Pillars of Critical Thinking (Book Recommendation) Link: Make Your Bed (Book Recommendation) Link: NBOA Chicago Guest Questions 03:15 Housing Provider Tip - Plan your fall cleanups to adjust for an extended summer season. 04:35 Intro to our guest, James Erwin! 09:43 Legal process for condo conversions. 19:17 Attorney’s role in acquisition of large portfolios. 24:44 Process of clearing property violations! 35:42 What is the Corporate Transparency Act (CTA)? 45:06 How to comply with CTA 47:00 What is your competitive advantage? 48:18 One piece of advice for new investors. 49:00 What do you do for fun? 49:09 Good book, podcast, or self development activity that you would recommend? 49:45 Local Network Recommendation? 50:36 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 329: From W2 To Investor Overnight… See How This Played Out For Sean Douglas 1:04:05
1:04:05
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Sean Douglas of the Axon Group discusses his adventurous start to his real estate journey! Sean began his investment career when he inherited his grandparent’s home, which after numerous setbacks, he eventually flipped! He breaks down how he jumped into the deep end by doing construction himself. After having a contractor steal $7000 from him, Sean recaps the long days of work that it took to get his flip project to the finish line. Sean also shares details on his 4-unit house hack and considerations when investing in “picky” towns and villages. Throughout the show, Sean demonstrates how his perseverance and discipline have allowed him to get past difficult situations and become a stronger investor and person! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Sean Douglas, The Axon Group Link: A Book of Five Rings (Book Recommendation) Link: Can't Hurt Me (Book Recommendation) Link: Kevin Kaspers (Lender Referral) Link: On Target Home Inspection (Referral) Link: Aparicio Law (Referral) Guest Questions 02:19 Housing Provider Tip - Be aware of permit and inspection requirements from municipalities! 04:48 Intro to our guest, Sean Douglas! 09:06 Sean’s start in investing. 11:54 Inheriting your grandparent’s home. 15:03 Leveraging BiggerPockets to find resources! 21:22 Early (goofy) mistakes and learning construction. 28:29 Disposition of crazy flip project! 32:56 Life post flip project. 40:04 Sean’s 4-unit house hack adventure. 49:17 From real estate inspector to broker. 58:23 What is your competitive advantage? 58:53 One piece of advice for new investors. 59:14 What do you do for fun? 59:22 Good book, podcast, or self development activity that you would recommend? 60:15 Local Network Recommendation? 60:56 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

What should I focus on in negotiating a multifamily transaction? ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Noah Birk , Kiser Group Link: Kiser Group ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 327: Logan & Humboldt Property Owners’ Rights Taken By The New NW Preservation Ordinance with Luke Blahnik 45:54
Luke Blahnik returns to educate us on the new Northwest Side Preservation Ordinance. Luke jumps right in by explaining the ins and outs of the expansion of the Predominance of the Block (606) District under this new ordinance. He breaks down the increased fees to demolish a multi-unit building, limitations on building single family homes, and requirements for selling a tenant-occupied building in the area. Luke, Mark, and Tom discuss how the Ordinance will not be able to accomplish the goal of preserving affordable housing and instead could have negative impacts to landlords and tenants. A main takeaway from today’s show is to stay involved in housing provider communities and make your voice heard to stop policies that do not help landlords, tenants, and/or the City of Chicago as whole. If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Luke Blahnik, Flora | Blahnik @properties Link: Flora Blahnik Instagram Link: SUCI Ep 32 - Luke Blahnik's First Episode Link: Unreasonable Hospitality (Book Recommendation) Link: Copy of Ordinance Guest Questions 03:13 Housing Provider Tip - Stay involved in your community so your voice is heard. 04:53 Intro to our guest, Luke Blahnik! 05:27 The “Northwest Preservation Ordinance” Explained. 19:32 Exemptions for the Ordinance. 19:10 Benefits of raising capital and passive investments! 22:40 Groups most impacted by the Ordinance. 36:28 What’s next following the implementation of the Ordinance? 39:49 What is your competitive advantage? 40:24 One piece of advice for new investors. 40:42 What do you do for fun? 41:18 Good book, podcast, or self development activity that you would recommend? 41:46 Local Network Recommendation? 42:31 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

RJ de Leon returns to the show to tell us about his most recent investments and how he’s managing his portfolio remotely as he and his family spend most of the year traveling! RJ starts by discussing how he and his wife Nicky set up their investments and businesses to be able to manage them remotely and travel the country for months at a time! He gives tips for aspiring entrepreneurs that are planning to embark on a new journey. RJ explains all the benefits and considerations of passive investments and gets granular on analyzing investments. He also provides insights on capital raising and alternative investments beyond real estate that can allow you to work smarter, not harder. Throughout the show, RJ emphasizes the power of networking and being a “go-giver” to create your own luck! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: RJ de Leon, NVR Capital & EJC Partners Link: RJ's Instagram Link: SUCI Ep 43 - RJ and Nicky Link: The Actionable Mindset (RJ's Podcast) Link: Chicago Multifamily Club Link: The Go-Giver (Book Recommendation) Link: Straight Up Sarita Sells Team Guest Questions 04:08 Intro to our guest, RJ de Leon! 08:24 Getting into Capital Raising. 17:06 Preparation tips for embarking on a new journey! 19:10 Benefits of raising capital and passive investments! 25:51 The Power of Networking. 28:13 Analyzing a passive investment. 32:27 Accepting capital from investors. 38:18 RJ’s next trip and getting educated on alternative investments. 44:44 What is your competitive advantage? 45:13 One piece of advice for new investors. 46:21 What do you do for fun? 47:09 Good book, podcast, or self development activity that you would recommend? 47:54 Local Network Recommendation? 48:44 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

What are the construction costs associated with building out a new ADU unit? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Jonathan Klemm, Quality Builders Link: SUCI Episode 264: Unlocking Zoning Secrets: Your Guide to Chicago Zoning, ADUs, and Other Essential Information ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

George McCleary is a real estate investor and developer with two decades of experience. He is also the creator of courses that teach investors to protect themselves from Squatters and Deed Fraud! George starts by discussing his viral “I Stole a House” video which explains how sophisticated squatters are able to steal a property owner's equity. He dives into the top precautionary measures against squatters and shines light on some wild “unconventional methods” to remove squatters. George explains the value that his Squatter Defender and Title Fraud Defender courses bring to investors. He closes with tips on title monitoring to prevent title fraud and empowering words to help aspiring real estate investors take action! ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: George McCleary, Defender Networks Link: George's Instagram Link: Squatter Defender Course Link: Title Fraud Defender Course Link: SUCI Ep 278 - David Greene Guest Questions 02:22 Housing Provider Tip - Provide excellent service to avoid vacancy as a Landlord! 04:26 Intro to our guest, George McCleary! 09:53 The “I Stole a House” Video! 12:38 Best precautionary measures against squatters. 17:46 Squatter “Unconventional Methods”. 24:00 Emerging Landlord-Friendly Legislation. 29:14 George’s Squatter Defender Program! 31:06 In and Outs of Deed Fraud. 38:45 How to prevent Title Fraud? 48:22 What is your competitive advantage? 49:00 One piece of advice for new investors. 49:55 What do you do for fun? 50:25 Good book, podcast, or self development activity that you would recommend? 51:00 Local Network Recommendation? 51:39 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Horacio Tristan is a born and raised Chicagoan and full-time government employee who has built an impressive real estate portfolio and brokerage business! Horacio starts by discussing his upbringing and his first few real estate deals on Chicago’s South Side. He explains how he built and maintained his real estate brokerage business during the housing crash. Horacio shares his geographic areas of focus and numbers-driven investment strategy. He discusses being an efficient real estate broker and how that has allowed him to succeed in brokerage while having a W2 job. In classic SUCI fashion, Horacio closes with a bullish outlook on Chicago! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Horacio Tristan, Kale Realty Link: Horacio's LinkedIn Link: SUCI Ep 311 - Alex Filin Link: The Four Agreements (Book Recommendation) Link: Nick Patterson (Network Referral) Guest Questions 03:00 Housing Provider Tip - Be aware of the Chicago Heat Ordinance as a Housing Provider. 04:10 Intro to our guest, Horacio Tristan! 08:40 Horacio’s first few deals. 17:28 Navigating the Housing Crash. 28:40 Dealing with a distressed condo building. 31:47 Horacio’s investing strategy today! 38:00 Being a successful broker with a W2 job. 40:30 What’s next for Horacio? 44:58 The future of Chicago! 46:45 What is your competitive advantage? 47:25 One piece of advice for new investors. 47:50 What do you do for fun? 48:06 Good book, podcast, or self development activity that you would recommend? 48:30 Local Network Recommendation? 48:37 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

What type of financing are investors utilizing to get deals done and what are the pros and cons of each option? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Perry Farella , First Community Mortgage Link: How 2 Fund Renovation Blog ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 321: Flipping, Short-Term Rentals, & Helping Veterans Secure Housing with Kirby Atwell 1:07:21
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Kirby Atwell is a former US Army Officer turned real estate investor and podcast host with a focus on short-term rentals! Kirby starts with his experience in the military and jumping into real estate shortly after reading “Rich Dad, Poor Dad”! With over 100 renovated properties under his belt, he shares great insights on small and large flips including pros and cons of both options. Kirby discusses the midwest markets that he focuses on to maximize cash flow and how experimenting with a basement short-term rental led him to change his focus to STRs! He sprinkles in some STR horror stories and closes with a bullish take on owning vacation rentals in Michigan City. If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Kirby Atwell, Living Off Rentals Link: Living Off Rentals Podcast Link: Best Fit Homes (Network Referral) Link: The Almanack of Naval Ravikant (Book Recommendation) Guest Questions 01:40 Housing Provider Tip - Take the CIC property management class! 03:56 Intro to our guest, Kirby Atwell! 11:04 Kirby’s first couple properties! 15:27 Kirby’s return to Chicago after the military! 19:22 Comparing small vs large flips. 26:12 Getting aggressive on acquisition. 32:34 Building a cash flow for financial freedom! 38:09 Experimenting with Short Term Rentals. 45:52 STR horror stories! 50:40 Deal flow in Michigan City. 56:28 Starting a podcast. 59:00 What is your competitive advantage? 60:07 One piece of advice for new investors. 61:06 What do you do for fun? 62:40 Good book, podcast, or self development activity that you would recommend? 63:40 Local Network Recommendation? 64:31 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 320: The Godfather of Chicago Property Management, Taft West 1:11:17
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Taft West is the Vice President of Technical Assistance and Sustainability for the Chicago Community Loan Fund and is a renown property management instructor! Taft starts by sharing his background which includes some autopsy experience! He talks about starting in Chicago real estate, managing condominiums, and public housing in the late 1970s. Taft discusses the differences in leasing now compared to 40 years ago! He drops golden nuggets on the biggest mistakes landlords make and screen out bad tenants. Taft closes with powerful words on doing good work for your community to make a difference! Celebrate Taft: Are you one of the many owners who took one of Taft’s classes? You can express your gratitude to Taft in-person on October 17th. He is being recognized by the Law Center for Better Housing for his work educating tenants and landlords about how to work together to build community. Learn more and celebrate Taft here: https://secure.qgiv.com/for/lawcenterforbetterhousing/event/2024lcbhfallbenefit/ ============= If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Taft West & Jared Kott, Chicago Community Loan Fund & Marblestone Property Group Link: Unacknowledged (Book Recommendation) Link: SUCI Ep 284 - Jared Kott Link: SUCI Ep 94 - Stacie Young (CIC) Guest Questions 01:45 Intro to our guest, Taft West and Jared Kott! 03:33 Taft’s backstory! 19:01 Taft’s transition into property management. 28:00 Leasing apartments back in the 1970s! 37:23 How Taft started working with CIC! 45:03 Biggest mistake landlords make. 54:52 Building a Community! 61:30 What is your competitive advantage? 62:50 One piece of advice for new investors. 63:46 What do you do for fun? 66:22 Good book, podcast, or self development activity that you would recommend? 67:24 Local Network Recommendation? 68:21 How can the listeners learn more about you and provide value to you ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
What Should Investors Do To Ensure a Successful Rehab? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Jonathan Klemm, Quality Builders Link: Episode 76: Big Business Processes Make a Powerful Small Business with Jonathan Klemm ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Michael Valente is the founder and CEO of Renovation Sells Franchising; general contracting experts that focus on cosmetic renovations of pre-market homes to maximize sales price! Michael shares how he left his corporate job and began working for his mentor to learn the ropes of general contracting and renovation! He talks about starting his own general contracting business and the biggest lessons learned as he grew his business. He breaks down the genesis of Renovation Sells; his general contracting company that focuses on cosmetic renovations of pre-market homes so sellers can get top dollar! Michael dives into how he franchised his business and the most critical considerations in this process. Throughout the show, Michael emphasizes the importance of networking and largely attributes that to his success! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Michael Valente, Renovation Sells Link: Joel Schaub (Lender) Link: Faruk Daudbasic (Lender) Guest Questions 02:12 Housing Provider Tip - Ensure your units are priced correctly to find a renter before the end of leasing season. 04:30 Intro to our guest, Michael Valente! 09:02 Getting a General Contracting business off the ground! 15:38 Leaving a mentor to start your own business. 21:11 The idea of franchising a business. 30:01 How the franchise model works. 37:44 Biggest mistakes Michael made scaling his business. 43:08 Michael’s pre-COVID Pilsen building! 46:37 Goals for the Renovation Sells franchise! 49:16 Top networking tips! 51:53 What is your competitive advantage? 52:41 One piece of advice for new investors. 53:10 What do you do for fun? 53:23 Good book, podcast, or self development activity that you would recommend? 54:32 Local Network Recommendation? 55:48 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Kevin Dugan is the Managing Principal of Altus Investment Group. He runs multiple businesses that successfully operate in Chicago while managing them remotely from Los Angeles! Kevin starts by talking about the skills he gained working on oil rigs and as a sales engineer and how that translated to real estate! He breaks down his first flip in South Shore and the process of managing that project from Los Angeles! Kevin dives deep into the challenges of managing rentals and growing a business remotely. He emphasizes hiring good people and building a construction arm as critical pieces for a thriving REI investment company. Throughout the episode, Kevin shares his firm belief in cultivating the “Who, Not How” mentality and building a great team! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Kevin Dugan, Altus Investment Group Link: Kevin's Instagram Link: Eric Workman (Network Referral) Link: Buy Back Your Time (Book Recommendation) Guest Questions 02:37 Housing Provider Tip - Ensure your apartments are turned over to a nice condition especially on higher priced units. 04:04 Intro to our guest, Kevin Dugan! 10:04 Starting with a South Shore flip and managing it from California! 14:28 Transitioning to investments in the south suburbs. 22:04 Obtaining financing for stabilized rental properties. 27:04 The process and mindset for starting a business! 33:44 Struggles with managing rentals from out of state. 38:00 How to grow a business remotely. 47:55 One decision that Kevin would change in his trajectory. 53:54 What is your competitive advantage? 54:13 One piece of advice for new investors. 54:29 What do you do for fun? 54:43 Good book, podcast, or self development activity that you would recommend? 55:13 Local Network Recommendation? 56:04 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 316: 3 Features That Increase Your Insurance Premium and 3 Features That May Decrease Your Insurance Premium 15:02
What Are 3 Features That Increase Your Insurance Premium and 3 Features That May Decrease Your Insurance Premium? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Josh Steigelmann , State Farm Insurance Link: Investor Stories Featuring Sean Morrissey ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 315: Streeterville High-Rise Developments and Top Tier Leasing Tips with Domu Founder Noah Schatz 59:07
Noah Schatz is the founder of Domu and CEO of Schatz Development. He has vast experience in design-driven developments in downtown Chicago and leasing apartments for operators through his apartment searching platform Domu. Noah kicks things off by talking about his first development and land banking! He provides insights on the 600 N Fairbanks development; a luxury high-rise condominium tower in Streeterville. Noah shares the process of working with Helmut Jahn, a world-renowned architect who designed 600 N Fairbanks. Noah dives into the benefits of his apartment searching platform Domu and provides tremendous tips on rental listings to get units leased fast! To conclude the episode, Noah shares an optimistic outlook on the Windy City! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Noah Schatz, Domu Chicago Apartments Link: Andrew Porter (Network Recommendation) Link: 600 N Fairbanks Condo Development Link: The Peter Attia Drive Podcast Guest Questions 02:12 Housing Provider Tip - Adjust rental prices during the end of leasing season to minimize vacancy. 03:22 Intro to our guest, Noah Schatz! 08:38 Noah’s first development and land banking! 16:24 The value of architecture and design in development. 26:17 Pre-crash market and inception of Domu! 32:50 Benefits of Domu over other platforms. 35:45 Top leasing tips! 49:06 Noah’s outlook on Chicago. 51:15 What is your competitive advantage? 52:50 One piece of advice for new investors. 53:39 What do you do for fun? 54:15 Good book, podcast, or self development activity that you would recommend? 55:13 Local Network Recommendation? 56:04 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 314: Due Diligence for Off-Market Properties Like You’ve Never Seen with Morgan Basham 43:05
Morgan Basham is a real estate broker and investor with vast experience in off-market prospecting, acquisitions, and stabilization of investment properties! Morgan shares her start in real estate and the ins and outs of investing in Braidwood, IL! She breaks down her first deal in Chicago; an impressive story of tremendous due diligence as part of the acquisition of an auction property! Morgan, Mark, and Tom discuss the mindset required to take the leap of faith and dive into real estate full-time. Morgan closes with golden nuggets on frugality hacks to save for your next investment and improve finances in general! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Morgan Basham, Kale Realty Link: Morgan's Instagram Link: SUCI Ep 188 - Forewarn Link: Zach Karp (Lender Referral) Link: The Four Agreements (Book Recommendation) Guest Questions 01:59 Housing Provider Tip - Take final walkthroughs seriously and know what to look for. 03:53 Intro to our guest, Morgan Basham! 10:48 Morgan’s start in real estate! 13:31 Insights on Braidwood, IL. 17:55 Morgan’s first deal / auction story in Chicago! 28:00 Mindset for quitting the W2 and pursuing an entrepreneurial route! 31:31 What’s next in Morgan’s investing journey? 33:05 Hacks to be frugal and save money. 35:15 Outlook on Chicago. 37:14 What is your competitive advantage? 38:26 One piece of advice for new investors. 39:00 What do you do for fun? 39:17 Good book, podcast, or self development activity that you would recommend? 40:11 Local Network Recommendation? 40:27 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 313: Why Are Insurance Rates So High Right Now and What Can Investors Do to Minimize Premiums? 9:53
Why are insurance rates so high right now? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Josh Steigelmann , State Farm Insurance Link: Investor Stories Featuring Sean Morrissey ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Bernel Hall is the president and CEO of New Jersey Community Capital and has executed over $5 billion in real estate investments and lending. Bernel starts off by explaining how playing Monopoly sparked his interest in real estate as a kid! He discusses how he got involved with public housing developments and gives his take on ways housing authorities can improve efficiencies. Bernel shares his proudest development story which involved the creation of the New Jersey Land Bank and the massive impact it had on the community. In this episode, Bernel motivates with his distinguished resume and initiative to redevelop and bring positive change to underserved communities! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Bernel Hall, New Jersey Community Capital Link: Purpose Brand Public Relations Link: SUCI Ep 137 - Morgan Malone Link: SUCI Ep 38 - Rob Rose Link: SUCI Ep 45 - Jack Crane (CIC) Link: Rich Dad's Cashflow Quadrant (Book Recommendation) Guest Questions 03:20 Housing Provider Tip - Use Google Earth as a tool for property due diligence! 05:43 Intro to our guest, Bernel Hall! 12:59 Getting involved with public housing development. 16:00 How to improve efficiencies in public housing. 20:30 Bernel’s proudest redevelopment! 30:58 Challenges of making public and private housing groups work together. 38:36 What’s next for Bernel? 41:11 5 Year outlook on commercial real estate. 42:12 What is your competitive advantage? 43:28 One piece of advice for new investors. 44:02 What do you do for fun? 44:12 Good book, podcast, or self development activity that you would recommend? 44:48 Local Network Recommendation? 45:44 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
Tom welcomes President of the Neighborhood Building Owner's Alliance, Mike Glasser, for a special announcement about their upcoming 12th Annual NBOA Summer Soiree. You don't want to miss it! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: NBOA ( Neighborhood Building Owner's Alliance ) President, Mike Glasser Link: 12th Annual NBOA Summer Soiree ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

James Thompson is broker and property manager with vast experience acquiring, renovating, and managing apartment buildings all at the young age of 25 years old! James shares the early grind required to get off the ground in the commercial real estate game! He discusses the biggest lessons learned from renovating and managing 100+ apartments. James gives the scoop on investing in student housing and also provides some good REI horror stories. James closes with great advice for newer investors and a positive outlook on Chicago! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: James Thompson, Triton Realty Group Link: SUCI Ep 22 - Matt Fritzshall (Network Referral) Link: Morning Brew Daily (Podcast Recommendation) Link: Jay Parsons (Rental Housing Economist) Link: Jay Martin - Article on Rent Control Drawbacks Guest Questions 03:30 Housing Provider Tip - Be aware of required inspections when replacing hot water heaters! 05:36 Intro to our guest, James Thompson! 09:37 The grind of starting in commercial real estate. 17:22 Biggest lessons learned from construction and management of buildings! 22:50 The 101 on student housing. 26:32 Growing the management company and horror stories! 35:15 Advice for new and aspiring investors. 37:07 James’ outlook on Chicago. 43:55 What is your competitive advantage? 44:27 One piece of advice for new investors. 44:57 What do you do for fun? 45:08 Good book, podcast, or self development activity that you would recommend? 45:37 Local Network Recommendation? 46:16 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

What Are Some High-Level Guidelines Chicago Investors Can Leverage to Estimate Rehab Costs? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Jonathan Klemm, Quality Builders Link: Episode 76: Big Business Processes Make a Powerful Small Business with Jonathan Klemm ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Tony Arce and his Team at The Face of Community & Business provide a media platform for leaders in business to connect, teach, and grow together. Tony starts by sharing how he discovered his passion for media and creating human-to-human connections not only in his personal life but in business. He explains how this passion sparked the idea of creating The Face of Community & Business (TFOCB); a media platform that allows for the creation of professional communities across different businesses. Tony discusses the importance of building a brand and influence to set your business up for success. Throughout the episode, Tony shares great insights on being a connector and creating business communities. If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Tony Arce, The Face of Community & Business Link: TFOCB's Instagram Link: Never Split the Difference (Book Recommendation) Link: LaQuan Henley (Network Referral) ----------------- Guest Questions 02:31 Housing Tip Limit your vacancy by pricing your units appropriately to end this leasing season! 04:35 Intro to our guest, Tony Arce! 11:32 The Creation of TFOCB. 19:38 Common mistakes when building a business and a brand! 25:07 Creating a platform for content creators and influencers. 33:05 The Importance of Events for Building a Community. 45:53 What’s next for Tony? 50:21 What is your competitive advantage? 50:48 One piece of advice for new investors. 51:36 What do you do for fun? 52:18 Good book, podcast, or self development activity that you would recommend? 53:06 Local Network Recommendation? 53:49 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Alex Filin is a seasoned Loan Office, Coach, and Investor with over $385 Million in funded loans! Alex shares his upbringing as an immigrant in America, experiences that cultivated grit, and his journey to becoming a D1 football player! He discusses his successful career shift to mortgage lending where he closed $95 million in funded loans in the first 5 years. Alex emphasizes the importance of having mentors, being coachable, and surrounding yourself with people you want to be like. Alex closes with empowering words on “getting into the game” now and having integrity in business and in life! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Alex Filin, Vybe Mortgage Link: Alex's Instagram Link: Growth Only Coaching Link: SUCI Ep 205 - Nick Chaplain (Life Insurance) Link: Horacio Tristan (Network Referral) ----------------- Guest Questions 02:33 Housing Provider Tip - Prevent wire fraud by calling the title company to confirm wire instructions. 04:51 Intro to our guest, Alex Filin! 18:48 Alex’s career shift to mortgage lending! 22:18 Tips to get started in real estate. 28:20 How to be coachable. 34:04 Alex’s start to investing! 44:27 Alex’s 10 year forecast in real estate. 47:57 What is your competitive advantage? 48:57 One piece of advice for new investors. 49:49 What do you do for fun? 50:48 Good book, podcast, or self development activity that you would recommend? 51:38 Local Network Recommendation? 52:07 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

What Steps Should Investors Take During the Tax-Offseason to Minimize Tax Liability? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Michael Procaccio, Pro Financial Services Group Inc Link: Build Your Team | Straight Up Chicago Investor Podcast ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 306: Drugs, Death, and Big Mistakes Never Spoken Of with Mark Ainley 1:07:08
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The tables turn this week as Mark Ainley gets interviewed by Tom Shallcross, returning the favor from Episode 235 (episode link in show notes)! Tom starts by asking Mark about his childhood and upbringing; spoiler alert - there is mention of Mark’s frosted-tips phase while vacationing in Mexico!! Mark breaks down his start in real estate, the genesis of GC Realty & Development, and the early REI ventures that he and his business partner Bryan took on. He discusses his experience with repositioning office buildings and industrial investments displaying the range of his investing journey. Mark closes with tremendous insights on his most recent project involving rehabbing of a residential property and partnering up with a younger investor. This episode is full of golden nuggets and funny stories that you won’t want to miss! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Mark Ainley, GC Realty & Development Link: Mark's Instagram Link: SUCI Ep 235 - Tom Shallcross Link: John Warren's Meetup Link: NBOA - 2024 Summer Soiree Link: Bibek Das (Network Referral) Link: The Psychology of Money (Book Recommendation) ----------------- Guest Questions 04:15 Intro to our special guest, Mark Ainley! 15:04 The Genesis of GC Realty! 19:50 GC Realty’s shift to property management. 21:55 Navigating the Housing Crash. 39:23 Shift to industrial investments. 48:00 Jumping back into rehabbing properties! 61:11 What is your competitive advantage? 61:38 One piece of advice for new investors. 62:08 What do you do for fun? 63:05 Good book, podcast, or self development activity that you would recommend? 64:04 Local Network Recommendation? 64:46 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 305: Three Chicago Pockets No One is Talking About With Sarita Scherpereel and Megan Osberger 46:17
Sarita Scherpereel and Megan Osberger join us to discuss three overlooked neighborhoods and why they anticipate tremendous growth in those areas! Sarita and Megan start by discussing how a new Metra stop in the Andersonville and Edgewater neighborhoods is going to take that area to the next level! They break down the new CTA green line stop at Damen/Lake and explain the growth that it could bring to the United Center area and surrounding neighborhoods. The duo shifts west to share insights on the “Triangle” west of Humboldt Park. They drop nuggets on the housing stack and the renovation required to achieve maximum ROI. Sarita and Megan close with an extremely bullish outlook on Chicago and empowering words on why now is the time to take action! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Sarita Scherpereel and Megan Osberger, Straight Up Sarita Sells Team Link: Jim Erwin (Network Referral) Link: Straight Up Sarita Sells Meetup ----------------- Guest Questions 01:52 Housing Provider Tip - Tips on providing a 5-Day notice. 03:57 Intro to our guests, Sarita Scherpereel and Megan Osberger! 04:33 New Peterson-Ridge Metra Stop in Andersonville/Edgewater! 11:44 Upside brought by the new Damen Green Line Stop! 22:22 The “Triangle” West of Humboldt Park! 35:32 The Future of Chicago. 38:30 What is your competitive advantage? 39:58 One piece of advice for new investors. 40:16 What do you do for fun? 40:47 Good book, podcast, or self development activity that you would recommend? 41:19 Local Network Recommendation? 42:51 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

How are local Chicago real estate transactions different than they were a year ago? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Bibek Das , Das Law ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 303: How Two Teachers Found Financial Independence Through Real Estate with Blaine and Lily Kosek 1:10:40
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Want to hear an inspirational story about two teachers leaving their W2 and amassing over 20 rental units over a few short years? If so, then this show is for you! Blaine and Lily talk about their decision to leave their jobs as educators to become full-time real estate agents and investors! They discuss specific suburb markets that they target along with pros and cons of the BRRRR strategy. Lily and Blaine share their vast experience with short-term rentals and dive deep on top considerations to set yourself up for success. Through the show, the duo provides repeated examples of how they just took action and let experience be the best teacher and largely attribute their success to that! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Blaine and Lily Kosek, The Blaine Kosek Team Link: Krush It With The Koseks (TikTok) Link: Rich Dad Poor Dad (Book Recommendation) Link: Atomic Habits (Book Recommendation) ----------------- Guest Questions 02:11 Housing Provider Tip - Perform preventative maintenance on gutters and downspouts to be prepared for rain season! 03:58 Intro to our guests, Lily and Blaine Kosek! 05:32 Leaving teaching to pursue real estate! 19:27 The Kosek Meetup Group! 24:16 The Pitfalls of the BRRRR strategy. 29:32 Opportunity in DeKalb. 35:10 Ins and outs of short term rentals! 43:45 Considerations for lake-front AirBNBs. 50:50 Best suburbs for short term rentals. 60:20 The Future of the Koseks! 62:52 What is your competitive advantage? 64:06 One piece of advice for new investors. 66:00 What do you do for fun? 66:21 Good book, podcast, or self development activity that you would recommend? 67:12 Local Network Recommendation? 67:48 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Dain Laverty is a Managing Partner of Property Pals; a company that specializes in acquiring off market real estate through a variety of methods! Dain shares his start in real estate including his first deal on Chicago’s south side sourced from Craigslist! He discusses finding his business partner and how he identified their complementary skill sets. Dain discusses different strategies for acquiring off market properties including Subject to and gives pointers on approaching potential sellers! Throughout the episode, Dain drops great insights on transitioning from corporate America to real estate and emphasizes the importance of having a “take action” mindset! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Dain Laverty, Property Pals USA Link: SUCI Ep 64 - Frank Montro Link: All-In Podcast Link: The Go Giver (Book Recommendation) Link: Dain's Instagram ----------------- Guest Questions 02:37 Housing Provider Tip - Build and keep rapport with your residents to make your life easier! 04:32 Intro to our guest, Dain Laverty! 13:50 How Dain found his business partner! 17:48 Keys to scaling. 26:03 Starting a conversation with a potential seller. 28:54 Expanding beyond Chicago Real Estate. 32:37 Sub2 Financing! 40:35 The Due on Sale clause. 47:49 Dain’s outlook on Chicago! 53:50 What is your competitive advantage? 54:07 One piece of advice for new investors. 54:29 What do you do for fun? 54:46 Good book, podcast, or self development activity that you would recommend? 54:24 Local Network Recommendation? 56:23 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

What is the easiest way to declutter a home to maximize it's showing value? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Karen Welch, Moovers Chicago Link: Build Your Team | Straight Up Chicago Investor Podcast ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 300: 300th Episode Celebration - Answers To Burning REI Questions Amongst Chicago Investors with Mark and Tom 52:19
Straight Up Chicago Investor Podcast celebrates its 300th Episode! To celebrate the huge milestone, Mark and Tom answer questions from guests on all things Chicago REI! If you enjoy all the value the SUCI podcast brings, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Mark Ainley and Tom Shallcross, Straight Up Chicago Investor ----------------- Guest Questions 03:55 How to maximize rent in a hot market? 08:00 Biggest wins and losses in REI! 18:19 Changing REI strategies to promote progression! 21:00 BRRRR’ing single family homes vs multifamily rentals. 24:03 Advice letter from your 20-year old self! 26:16 Brick vs Frame Buildings. 31:15 Pros and Cons of CHA Tenants. 35:12 Chicago’s new “Express Permit”. 37:56 Best property management softwares. 39:55 Is rental arbitrage worth it? 42:45 Build-to-Rent in Chicago! 45:07 Managing security deposits. ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

David Lecko is an investor and CEO of DealMachine; a software that helps investors streamline the process of off-market property lead generation! David starts by discussing the genesis of DealMachine He does a deep dive on the 25 motivated seller lists that can be found on DealMachine or other applications. He emphasizes the importance of being persistent and putting in the reps as off-market lead generation is a numbers game. David closes with great tips on the importance of taking action and building a network to set yourself up for success! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: David Lecko, DealMachine Link: David’s Instagram Link: The DealMachine REI Podcast Link: My First Million Podcast Link: Nick Gray (Network Recommendation) ----------------- Guest Questions 01:39 Housing Provider Tip - Perform a usability check during your turnovers to ensure everything is functioning appropriately! 02:34 Intro to our guest, David Lecko. 06:14 The Genesis of DealMachine. 10:04 DealMachine’s Lists! 30:16 How new investors can start utilizing the lists. 33:02 Scripts for sellers and call-back expectations. 36:50 What is your competitive advantage? 37:13 One piece of advice for new investors. 38:07 What do you do for fun? 38:29 Good book, podcast, or self development activity that you would recommend? 38:54 Local Network Recommendation? 40:20 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Larry Baszynski and Scott Hodgden of Finance of America Commercial are seasoned lenders who have helped their investor clients build tremendous real estate portfolios and wealth. Larry and Scott discuss the products that their company offers including Fix and Flip loans, Construction Loans, and Long-Term loans for stabilized properties. They share common pitfalls and root causes of failed renovation projects. The duo explains how hard money loans are underwritten and what a borrower needs to know to set themselves up for a successful loan! This show is full of golden nuggets with emphasis on the importance of building your team and buying your next investment property sooner! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Larry Baszynski and Scott Hodgden, Finance of America Commercial Link: The Success System That Never Fails (Book Recommendation) Link: SUCI Ep 79 - Gary Davidson Link: SUCI Ep 50 - Andrew Holmes ----------------- Guest Questions 02:57 Housing Provider Tip - Ensure windows are properly caulked to prevent leaks! 04:34 Intro to our guest, Larry and Scott! 13:41 FOA Commercials' transition after being bought out. 15:06 FOA Commercials’ products. 18:57 DSCR loans for stabilized properties. 25:44 Common causes of failed investments! 29:03 How interest rates are impacting lending! 35:25 Where are hard money funds sourced from? 36:49 Taking back a property on a failed project. 40:53 How aggressive can FOA Commercial get? 44:18 What happens if interest rates hit 10%? 46:02 What is your competitive advantage? 46:43 One piece of advice for new investors. 47:57 What do you do for fun? 48:23 Good book, podcast, or self development activity that you would recommend? 49:33 Local Network Recommendation? 51:00 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 297: How to Pay Less in Taxes Via Tangible Property Regulations with Brenten Blakeman 16:21
What are tangible property regulations and how can investors leverage this IRS code to pay less in taxes? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Brenten Blakeman, Tangible Property Tax Methods Link: Build Your Team | Straight Up Chicago Investor Podcast ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Moses Hall is a top producing commercial real estate broker and leads a brokerage that serves investors, landlords, and tenants. Moses discusses his start in real estate, taking the plunge to start his own business, and the challenges that came with that. He dives into his geographical areas of focus in Chicago and his investment strategy. Moses sheds light on the Chicago Association of Realtors (CAR), his leadership position on the board, and the value that CAR brings to all its members. Moses closes with a bullish outlook on Chicago emphasizing why we are and will continue to be a world class city! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Moses Hall, MoHall Commercial & Urban Development Link: Kevin Rocio (Network Recommendation) Link: Moses' LinkedIn Link: SUCI Build Your Team ----------------- Guest Questions 02:00 Housing Provider Tip - Make yourself visible for CHA and City Inspections! 04:00 Intro to our guest, Moses Hall! 10:10 Biggest unforeseen challenge when starting a business! 11:49 Drama with Tiffany Henyard. 13:53 Moses’ areas of focus. 16:16 Chicago Association of Realtors (CAR) and their mission! 23:39 Benefits of being a CAR member. 25:43 How is CAR working with NAR on the recent settlement? 37:27 Other areas of focus for CAR! 40:47 Efforts to make adding affordable housing easier. 41:55 Moses’ outlook on Chicago. 43:33 What is your competitive advantage? 44:07 One piece of advice for new investors. 44:38 What do you do for fun? 44:55 Good book, podcast, or self development activity that you would recommend? 45:26 Local Network Recommendation. 49:59 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 295: The Ultimate HACK to Long-Term Wealth with Brian Tibbs 1:05:20
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Brian Tibbs is an investor and best-selling author who teaches others how to thrive financially! Brian starts by sharing how he hit the ground running by house hacking multiple properties and scaling up to 10-units before the age of 30! He explains how he saved money for down payments and the setbacks he experienced during his early REI days. Brian explains “The HACKER Method” - a wealth-building system to “hack” your lifestyle to grow great wealth. He breaks down each part of the system and reveals the practical steps to save more, invest more, and build wealth. Throughout the show, Brian emphasizes the importance of strategically budgeting and investing for anyone looking to thrive financially! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Brian Tibbs of The Unexpected Investor Link: The Unexpected Investor Calculators Link: All-In Podcast Link: The 21 Irrefutable Laws of Leadership Link: Brandon Turner Instagram ----------------- Guest Questions 03:11 Housing Provider Tip - Understand HOA rules if you’re considering changing flooring! 05:15 Intro to our guest, Brian Tibbs! 11:24 Brian’s RE acquisitions following his first duplex. 16:21 Early setbacks that Brian experienced! 19:07 Intro to The HACKER Method! 29:50 The power of compounding money. 41:00 How to scale responsibly. 43:55 Jumping into short-term rentals. 49:45 How anyone can apply the HACKER method! 54:16 Passing on good financial habits to your children. 57:33 What is your competitive advantage? 58:19 One piece of advice for new investors. 59:08 What do you do for fun? 59:37 Good book, podcast, or self development activity that you would recommend? 60:56 Local Network Recommendation? 61:56 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

What items need to be covered in a successful operating agreement? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Chance Badertscher, Lavelle Law Link: Build Your Team | Straight Up Chicago Investor Podcast ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 293: Help! Firefighters, City Inspectors, and Police Officers Are All at My Building With Anthony Rodriguez From Drexel Properties 53:47
Anthony Rodriguez is an experienced Chicago Property Manager who manages over 300 units for Drexel Properties! Anthony starts by discussing his previous experience in other industries and how those skills have translated into his real estate career. Then, Tom and Anthony retell the story of how their team managed a boiler explosion in a multifamily building. They break down how they notified the City and other stakeholders, relocated tenants, coordinated the boiler repair and City Inspections, and finally returned tenants back to the building! This episode is full of great insights on how to correctly handle building emergencies and the importance of having a network to manage these unfortunate incidents! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Anthony Rodriguez, Drexel Properties Link: SUCI Ep 154 - Jeff Weinberg ----------------- Guest Questions 02:10 Housing Provider Tip - Ensure you have contacts for special equipment repairs! 03:54 Intro to our guest, Anthony Rodriguez! 05:57 Anthony’s start with Drexel Properties! 10:08 The Boiler Blowup Story! 24:06 Relocating tenants during an emergency. 30:26 Other damages caused by the incident. 36:46 Tenants return to the building. 39:02 Could the incident have been prevented with additional due diligence? 48:12 What is your competitive advantage? 48:37 One piece of advice for new investors. 48:57 What do you do for fun? 49:19 Good book, podcast, or self development activity that you would recommend? 49:47 Local Network Recommendation? 50:14 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Chicago Native Dorian Bezanis is the president of ALPHA Adjusting and has nearly four decades of investing experience in Chicago’s Northside! Dorian jumps right in by discussing the investing portfolio he’s built in Edgewater and Rogers Park over the last 37 years. He explains the role of a public adjuster, the immense value they bring to investors. Dorian gets granular by sharing how to handle fires and other losses at investment properties. He closes with a five year outlook on Chicago including a bullish take on rent growth! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Dorian Bezanis, ALPHA Adjusting | Email Dorian (Dorian@AlphaAdjusting.com) Link: The Mysterious Case of Rudolf Diesel (Book Recommendation) Link: Andy Dolliff (Network Referral) ----------------- Guest Questions 01:16 Housing Provider Tip - Ensure you have a punch list for turnover to handle! 02:44 Intro to our guest, Dorian Bezanis! 06:57 Breaking down Dorian’s portfolio! 17:28 Advice to new investors from 37 years of experience! 25:17 Understanding the value of Public Adjusters. 37:15 Handling fires and other claims! 48:48 Dorian’s 5 year outlook on Chicago real estate. 54:02 What is your competitive advantage? 54:15 One piece of advice for new investors. 54:24 What do you do for fun? 54:41 Good book, podcast, or self development activity that you would recommend? 55:46 Local Network Recommendation? 57:14 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

How does the draw process work when taking on a construction loan? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Eric Workman, Renovo Financial Link: Workman Lending Team - Renovo Financial - Real Estate Investment Loans ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Neena Vlamis is the President and Owner of A and N Mortgage. Born and raised in Chicago, she discusses building her mortgage company along with developing an impressive real estate investment portfolio in Chicago. Neena starts by explaining how she scaled her mortgage company, building a culture, and behind the scenes challenges. She provides insights on how lending regulations vary across states and talks about what makes A and N unique. Neena gives her take on adapting to a higher interest rate market and the recent NAR settlement. She closes with a bullish outlook on the Chicago Real Estate market! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Neena Vlamis, A and N Mortgage Link: SUCI Ep 250 - Jonathan Klemm ----------------- Guest Questions 01:10 Housing Provider Tip - Keep up with landscaping to avoid fines from the city! 03:01 Intro to our guest, Neena Vlamis! 07:01 Neena’s early lending and investing days! 13:47 Scaling the mortgage lending business. 16:18 Maintaining culture in a business. 20:19 Behind the scenes lending challenges. 24:16 Neena’s other investments! 32:24 Differences in lending across states. 35:08 What makes A and N Mortgage unique? 38:29 Adapting to higher interest rates. 41:44 Neena’s outlook on Chicago and the Real Estate Industry! 45:50 What is your competitive advantage? 46:04 One piece of advice for new investors. 46:13 What do you do for fun? 46:36 Good book, podcast, or self development activity that you would recommend? 47:03 Local Network Recommendation? 48:13 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 289: VA Loans, ADUs, and Turning a Funeral Home Into an Airbnb with Andrew Dorazio 1:02:11
1:02:11
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Andrew Dorazion is a former Army officer and accomplished real estate broker, investor, and property manager! Andrew jumps right in with a cool story involving a funeral home turned short term rental! He shares tips on finding partners and structuring partnerships to help scale more quickly. Andrew drops valuable nuggets on pumping a building’s NOI through reconfigured floor plans and adding ADUs. He does a deep dive on the Zoning Change Process in Chicago! Throughout the show, Andrew emphasizes the importance of taking action to propel your growth in real estate and any other endeavor! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Andrew Dorazio, Dorazio Real Estate Link: BCG Real Estate Group Link: Andrew's ADU Blog Link: My First Million (Podcast Recommendation) Link: Buy Then Build (Book Recommendation) Link: SUCI Ep 245 - JD Modrak Link: SUCI Ep 224 - Jason Wagner ----------------- Guest Questions 02:00 Housing Provider Tip - Maintain AC units as the weather gets warmer! 03:15 Intro to our guest, Andrew Dorazio! 03:45 Andrew’s “killer” deal! 07:28 Andrew’s start in real estate. 12:11 How to find partners to scale faster? 17:00 Early mistakes on Short Term Rentals. 24:04 Ways to reposition an asset. 35:05 The Process of a Zoning Change! 44:56 Building Department for requirements for ADUs! 50:25 What’s next for Andrew and his team? 53:14 What is your competitive advantage? 54:03 One piece of advice for new investors. 55:34 What do you do for fun? 56:17 Good book, podcast, or self development activity that you would recommend? 57:48 Local Network Recommendation? 58:38 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
Where Are Interest Rates Heading and What's Happening in The Capital Markets? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Eric Workman, Renovo Financial Link: Build Your Team | Straight Up Chicago Investor Podcast ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 287: Why Your Customer Experience is Falling Short with Joey Coleman 1:08:10
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Joey Coleman is a best selling author and founder of a branding firm that specializes in helping businesses retain customers and employees! Joey jumps right in by explaining the difference between customer service and customer experience. He explains the best ways to handle routine tenant check ins and disagreements with tenants all through the lens of optimizing customer experience. Joey shares how the Eight Phases to “Never Lose a Customer Again” apply to prospective tenants. Joey closes with an amazing story of how a human-level connection and a small gift resulted in a tremendous business opportunity! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Joey Coleman , Design Symphony Link: Never Lose A Customer Again Link: Never Lose An Employee Again Link: Dan Gingiss (Network Referral) Link: Careers | GC Realty & Development, LLC ----------------- Guest Questions 03:23 Housing Provider Tip - Run your investment properties like a business and treat your residents like clients. 03:51 Intro to our guest, Joey Coleman! 07:04 Customer service vs customer experience! 14:00 To check in with the tenant or not? 16:29 Reassuring tenants after move-in. 23:47 Phases to Never Lose a Customer Again! 41:10 How to handle disagreements with tenants? 50:58 Gifts and the $35,000 golf ball! 56:56 Advice to 20 year old Joey Coleman. 59:16 What is your competitive advantage? 59:42 One piece of advice for new investors. 60:16 What do you do for fun? 60:57 Good book, podcast, or self development activity that you would recommend? 62:44 Local Network Recommendation? 64:00 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Sabrina Wottreng is a Chicago-based Publicist and a “Friend of the Pod.” Sabrina’s company specializes in the real estate sector and has helped many Chicago-area real estate teams with their public relations (PR) and communications strategies. Sabrina explains how she got started in PR and her introduction into commercial real estate. She dives into the value-add that her company brings to real estate investors and gives tips on building an online presence and reputation. Sabrina emphasizes the importance of LinkedIn, building your network, and even updated headshots if you’re an investor looking to scale. This show is full of amazing tips you likely have not considered and can easily leverage to scale your real estate business. If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Sabrina Wottreng of Sabrina Wottreng Public Relations Link: Sabrina's LinkedIn Link: SUCI Ep 274 - Marc Rutzen Link: SUCI Ep 275 - Mike Kehoe Link: SUCI Ep 124 - Aaron Galvin Link: The Messy Middle (Book Recommendation) Link: Brian McConkey Photography ----------------- Guest Questions 03:23 Housing Provider Tip - Consult with your attorney before negotiating with problem tenants. 05:07 Intro to our guest, Sabrina Wottreng! 08:18 Sabrina’s start in real estate! 11:48 Sabrina’s PR services! 20:08 Importance of reviews and reputation. 24:58 When should investors start caring about their online presence? 29:12 Marketing for Investors 101! 36:17 Building your network as a new investor! 40:49 Importance of headshots! 45:36 Sabrina’s value proposition to investors! 51:18 What’s next for Sabrina? 52:30 What is your competitive advantage? 52:50 One piece of advice for new investors. 53:18 What do you do for fun? 53:40 Good book, podcast, or self development activity that you would recommend? 54:22 Local Network Recommendation? 55:04 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

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Straight Up Chicago Investor

1 Episode 284: Triumphs and Troubles From a Decade of Experience on Chicago’s Southeast Side with Jared Kott 1:01:56
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Jared Kott returns to share the ups and downs of his real estate journey that started just over 10 years ago when he left the corporate world! Jared gets right into it by talking about the challenges of operating in C/D class neighborhoods! He shares the cold hard truth of dealing with a slip-and-fall incident at one of his properties where he was found guilty in court. Jared provides insights on the trajectory of the Southeast side and on putting emotion aside to deal with non-paying tenants. Jared closes by talking about his adventures in Michigan involving awesome short-term rentals and boat rentals! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jared Kott, Marblestone Property Group Link: SUCI Ep 11 - Jared Kott Link: SUCI Ep 79 - Gary Davidson Link: 12 Week Year (Book Recommendation) ----------------- Guest Questions 02:00 Housing Provider Tip - Shop around for home insurance to get the best value. 04:02 Intro to our guest, Jared Kott. 07:03 Reflecting on a decade of experience! 14:22 Jared’s recent slip-and-fall incident. 26:23 Trajectory of Chicago’s Southeast Side! 42:34 Dealing with non-paying tenants. 48:50 Jared’s Michigan adventures! 56:25 What is your competitive advantage? 56:55 One piece of advice for new investors. 57:22 What do you do for fun? 57:40 Good book, podcast, or self development activity that you would recommend? 58:17 Local Network Recommendation? 58:42 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Rory Rubin, founder of S.I. Container Builds, joins us to explain how her company’s Container Homes is a high-quality solution to current housing affordability and inventory issues! Rory starts by explaining her background in social work and the process of starting up S.I. Container Builds! She breaks down specs and pricing of container homes illustrating the quality and affordability when compared to traditional home construction. Rory gives the 101 on the building process and overlooked considerations for modular home construction! Throughout the show, Rory hammers home the importance of doing good by others and delivering quality products that you can stand behind! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Rory Rubin, S.I. Container Builds | Email Rory Link: SUCI Ep 134 - Josh Braun Link: Larisa Drake (Network Referral) Link: Linsey Cohen (Network Referral) ----------------- Guest Questions 02:16 Housing Provider Tip - Get quotes early for best pricing on your spring projects! 04:18 Intro to our guest, Rory Rubin! 08:20 Getting funding for a startup. 15:26 SI Container Builds’ clientele! 19:43 Common specs on container homes. 22:24 Container home pricing. 26:05 Considerations for building container homes in Chicago! 32:08 The building process. 39:25 The future of the container home industry. 43:08 What is your competitive advantage? 43:38 One piece of advice for new investors. 44:22 What do you do for fun? 44:48 Good book, podcast, or self development activity that you would recommend? 45:44 Local Network Recommendation? 46:28 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

What should I expect on the final walk through from both the buyer and seller side? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Chance Badertscher, Lavelle Law Link: Build Your Team | Straight Up Chicago Investor Podcast ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 281: One of the First Investors to Leverage The New 5% Down Lending Product on a Successful Househack With Brendon Heneks and Sarita Scherpereel 51:50
Brendon starts by sharing his buy box and how he was ready to pounce when he found the right property. Brendon and Sarita share great insights on how to jump at opportunities when the competition is fearful. Brendon explains worrisome moments and lessons learned during the purchase of his househack both before and after closing. Brendon breaks down the new 5% down lending product that everyone is talking about but few investors have actually utilized. This show is full of great tips for aspiring househackers and seasoned investors alike! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Brendon Heneks & Sarita Scherpereel, Fairway Independent Mortgage Link: SUCI Ep 238 - Mike Facchini Link: SUCI Ep 247 - Sarita Scherpereel Link: Millionaire Next Door (Book Recommendation) Link: Ken (Inspector Referral) ----------------- Guest Questions 03:20 Housing Provider Tip - Consider upgrading landscaping during the spring season. 04:36 Intro to our guests, Brendon Heneks and Sarita Scherpereel! 09:12 Brendon’s househack search! 11:08 What to know about gift funds. 14:15 Brendon’s buy box! 19:50 Opportunities in higher market time properties. 25:50 Mindset of buying in a higher interest market. 31:04 Worrisome moments while under contract! 39:36 Brendon’s lessons learned after his first multi-unit purchase. 40:44 Outlook on Chicago. 45:11 What is your competitive advantage? 46:16 One piece of advice for new investors. 46:54 What do you do for fun? 47:13 Good book, podcast, or self development activity that you would recommend? 48:10 Local Network Recommendation? 49:10 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 280: Investing in Premier Chicago Neighborhoods as a Busy Professional with David Shifrin and Rob Sikkel 52:22
David Shifrin, the doctor of Motor Row, returns with his real estate agent Rob Sikkel to discuss how he’s grown his portfolio with quality multifamily properties over the last 2 years! David starts by explaining his investing strategy and how he’s acquired 5 multifamily buildings since his last appearance on SUCI! David and Rob dive into the details of how they built their buyer-agent relationship to propel their growth. The duo breaks down a homerun deal in Bucktown involving splitting a double lot and selling half of it! Golden nuggets are dropped on the West Town neighborhood and best “bang for your buck” renovation items. If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: David Shifrin & Rob Sikkel, Elite Chicago Properties and At Properties Link: SUCI Ep 48 - David Shifrin 1st Episode Link: Rob Sikkel (Realtor) Link: Jodi Dougherty (Network Referral) ----------------- Guest Questions 03:49 Housing Provider Tip - Ensure you’re prepared for freezing and thawing cycles during the spring season. 05:17 Intro to our guests, David Shifrin and Rob Sikkel. 08:04 David’s investing strategy! 09:45 Building a great buyer-agent relationship! 17:02 Double lot, homerun deal! 28:51 The property search process. 31:47 Breaking down West Town! 34:45 Insights on renovation! 37:30 Dealing with higher interest rates and tapping into equity. 40:44 Outlook on Chicago. 42:04 What is your competitive advantage? 42:58 One piece of advice for new investors. 44:34 What do you do for fun? 46:09 Good book, podcast, or self development activity that you would recommend? 47:02 Local Network Recommendation? 48:35 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 278: BiggerPockets Host David Greene Gets Real On Overcoming Recent REI Adversity 1:07:37
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BiggerPockets Host, Author, and Real Estate Expert, David Greene returns to Straight Up Chicago Investor and holds nothing back as he explains how he dealt with fraud in his real estate portfolio. David explains why real estate is not an end-all solution to your financse and discusses the importances of reserves and playing defense, as outlined in his recent book Pillars of Wealth. He shares how he had 50 properties stolen from his portfolio and how that was part of a series of events that decimated his finances! David is extremely open and honest in explaining how he dealt with these troubling times and how he found support. This episode is a clear example of why it’s important to have your business protected from all angles and understand that tumultuous times can happen to any of us! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: David Greene , The David Greene Team & The One Brokerage Link: Take David Greene's 6-Week Course! (Be sure to use our promo code "CHICAGO" when you register.) Link: David Greene's Instagram Link: Books by David Greene Past Bigger Pockets Guest Episodes: SUCI Ep 85 - David Greene | SUCI Ep 166 - J Scott | SUCI Ep 186 - Scott Trench Link: Extreme Ownership (Book Recommendation) Link: A Better Life with Brandon Turner ----------------- Guest Questions 02:10 Housing Provider Tip - Regularly check your entities on the Secretary of State website. 03:37 Intro to our guest, David Greene! 11:11 Understanding “Defense” in Business! 14:09 David’s Fraud Story. 28:21 Bouncing back during tough times. 36:18 Finding the right support group. 41:16 Succeeding in a high interest rate market! 49:37 The Future of BiggerPockets! 53:00 10 year horizon for David Greene! 55:36 What is David’s competitive advantage? 56:22 One piece of advice for new investors. 57:12 What do you do for fun? 58:19 Good book, podcast, or self development activity that you would recommend? 60:56 Local Network Recommendation? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 277: The Chicago Investor Playbook Against Pests with Janelle Iaccino 1:01:21
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Janelle Iaccinio is Rose Pest Solutions’ Marketing Director and Chicago’s “Bug Girl”! Janelle starts with the history of Rose Pest Solutions which dates back to the Abraham Lincoln era! She dives deep on rats, roaches, and bedbugs including common causes and practices to control them. Janelle mixes in a couple pest horror stories and debunks pest myths! Throughout the show, Janelle emphasizes the importance of taking pests seriously to prevent larger scale problems in your properties! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Janelle Iaccino, Rose Pest Solutions Link: Janelle's LinkedIn Link: Dennis Huyck (Network Referral) ----------------- Guest Questions 02:16 Housing Provider Tip - Ensure your properties are tightly sealed to prevent pest issues. 03:12 Intro to our guest, Janelle. 06:30 The History of Rose Pest Solutions! 11:36 The Infamous Chicago Rat Imprint! 15:08 The 101 on Rats. 27:36 Ins and Outs on Roaches. 36:27 Dealing with Bedbugs. 48:45 Pest Myths Debunked! 54:31 What is Janelle’s competitive advantage? 54:58 One piece of advice for new investors. 55:41 What do you do for fun? 56:43 Good book, podcast, or self development activity that you would recommend? 57:14 Local Network Recommendation? 58:03 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Mike Kehoe is an experienced investor and entrepreneur who has created and sold multiple technology companies! He joins us to explain how his latest company is thriving in off-market real estate acquisitions and dispositions. Mike explains how he chose a real estate market to focus on and the grind of driving for dollars to find opportunities! He shares great tips on how to engage potential sellers of off-market real estate including the strategies his team has had the most success with. He discusses the importance of core values and building a quality team that aligns with those values. Mike closes with motivating words on cultivating a growth mindset to become the best version of yourself! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Mike Kehoe, VentureStack | Email Mike ( Mike@Venture-Stack.com ) Link: Mike Kehoe's LinkedIn Link: Tenant Radon Protection Act 2024 Link: SUCI Ep 253 - Jeff Nydegger Link: SUCI Ep 86 - Fernando Angelucci Link: Traction (Book Recommendation) ----------------- Guest Questions 02:51 Housing Provider Tip - Ensure you’re up to date on the new Security Deposit laws. 04:00 Intro to our guest, Mike Kehoe! 08:28 Picking a market to invest in. 11:42 Driving for Dollars! 13:23 Engaging Sellers! 19:31 Growing a quality team. 27:24 Common mistakes when scaling and establishing core values. 32:20 Bottlenecks in Mike’s business. 39:35 Mike’s focus on personal growth! 43:25 What is Mike’s competitive advantage? 43:44 One piece of advice for new investors. 43:54 What do you do for fun? 44:04 Good book, podcast, or self development activity that you would recommend? 44:37 Local Network Recommendation? 45:04 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Marc Rutzen is an experienced investor with over 12 years of real estate and technology experience. He joins the guys to explain the power of knowing your rental comps and how HelloData can help accelerate that knowledge. Marc discusses his start in market analysis along with the creation of his analytics startup which he sold in 2019. He breaks down the creation and value proposition of HelloData. He explains how HelloData is able to efficiently gather and scrub data to quantify the value of real estate. To close the show, Marc provides us his outlook on technology in general and the Chicago real estate market! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Marc Rutzen, HelloData Link: SUCI Ep 68 - Lee Kiser Link: The Lean Startup (Book Recommendation) Link: TLDR in Tech Newsletter ----------------- Guest Questions 02:36 Housing Provider Tip - Ensure you’re up to date on the new Security Deposit laws. 04:21 Intro to our guest, Marc Rutzen. 07:53 Marc’s start in market analysis. 17:10 Horror stories of starting and selling a business! 19:37 The creation of HelloData! 23:49 HelloData’s targeted end clients. 29:18 HelloData’s value proposition to investors. 39:33 Marc’s outlook on technology! 45:05 Marc’s outlook on the Chicago Real Estate Market! 46:32 What is Marc’s competitive advantage? 47:07 One piece of advice for new investors. 47:47 What do you do for fun? 48:17 Good book, podcast, or self development activity that you would recommend? 49:22 Local Network Recommendation? 50:05 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
What is an escalation clause and how can investors utilize it? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Sarita Scherpereel, Sarita Sells ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Ben Allgeyer has flipped over 200 properties and wholesaled over 500 properties! Ben talks about his brief stint in corporate America before leaving to pursue a career in Real Estate. He discusses the early days of making cold calls and door knocking for lead generation. Ben dives into building a team and vetting candidates for potential partnerships. He touches on his team’s disposition strategy and the importance of protecting relationships with partners. Throughout the show, Ben emphasizes how critical it is to put in the work and master your craft to obtain success in real estate and in any other business! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Ben Allgeyer, Elite Ventures | Ben's Instagram (@BenAllgeyer) Link: Mindvalley Link: Tim Herriage (@TimHerriage on Instagram) ----------------- Guest Questions 03:23 Housing Provider Tip - Ensure you are using the new Chicago lease! 03:49 Intro to our guest, Ben Allgeyer! 12:43 Ben’s jump into real estate! 17:20 How to find leads. 22:15 Ben’s deals gone wrong! 25:18 Hiring to build a team. 30:17 Top lists for landing leads! 32:41 Ben’s disposition strategy. 36:11 Vetting potential partnerships! 39:17 Capital partners to grow a business. 43:00 How to find businesses to purchase. 46:02 Ben’s lead generation course! 47:58 What is Ben’s competitive advantage? 48:32 One piece of advice for new investors. 49:03 What do you do for fun? 49:21 Good book, podcast, or self development activity that you would recommend? 50:06 Local Network Recommendation? 50:38 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Vik Wadhwa is a top producing real estate broker with a focus on architecture and modern design in Chicago’s Premier Neighborhoods! Vik shares his start in real estate back in 2006 and how he’s been able to grow his business to become a top producing broker. Vik gets granular on Lincoln Park; defining the boundaries, desirable blocks, and investment opportunities in the neighborhood. He provides insight on West Town including the differences between the different pockets of sub-neighborhoods. The West Loop and reassessed property tax bills are also discussed. In this episode, Vik demonstrates his deep knowledge of the neighborhoods he works and emphasizes the importance of knowing your craft to be successful! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Vik Wadhwa, Modern Homes Chicago Link: Katmerka Ramic (Network Referral) Link: Eric Flanagan (Network Referral) Link: Atomic Habits (Book Recommendation) ----------------- Guest Questions 02:36 Housing Provider Tip - Ensure that communication with tenants is kept professional! 04:10 Intro to our guest, Vik Wadhwa! 07:44 Changing to Real Estate as a Career Path! 11:44 The 101 of Lincoln Park! 19:37 Getting listings in Lincoln Park and other higher price point areas. 21:26 Breaking down West Town! 24:47 Pricing across West Town. 28:00 The Rise of the West Loop! 30:33 Opportunities west of the United Center. 35:55 Forecasting Reassessed Property Values and Tax Bill. 38:05 The Real Estate Brokerage Industry and Potential Changes! 40:58 Vik’s outlook on Chicago! 43:14 What is Vik’s competitive advantage? 43:44 One piece of advice for new investors. 44:10 What do you do for fun? 44:31 Good book, podcast, or self development activity that you would recommend? 44:55 Local Network Recommendation? 45:26 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

What do investors need to be aware of with the 2024 property tax reassessments? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Andrea Raila, Raila & Associates Link: Build Your Team | Straight Up Chicago Investor Podcast ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

Daniel Kaufman is an attorney with over a decade of vast experience representing real estate developers with transactions, as well as litigation, with a lot of practice involving the foreclosure auction! Daniel is also an investor who purchases at the tax auction for himself, using the assistance of another attorney who specializes in that specific legal work. Daniel kicks things off by discussing his start in real estate where he served as attorney on tax auction properties! He shares a great story on his first deal which was a 3-flat in the United Center neighborhood. He dives deep on working with the City during renovations and tells us about his current single family home deconversion. Daniel drops great nuggets on sourcing deals and grinding to learn your market to give you a competitive edge! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Daniel Kaufman, D. Kaufman Law Link: Outliers (Book Recommendation) Link: The Compound (Podcast Recommendation) Link: James Sheehan (Network Referral) ----------------- Guest Questions 03:31 Housing Provider Tip: Routinely check your vacant properties even if vacancy is temporary. 04:19 Intro to our guest, Daniel Kaufman! 07:11 Starting off in real estate with tax auction properties! 11:05 Bank-owned properties and Daniel’s United Center 3-flat story! 19:07 Tax auction properties. 23:28 Daniel’s next project in the United Center neighborhood! 25:50 Obtaining plans and permits and working with the City. 31:27 Sourcing deals. 35:02 Daniel’s SFH deconversion! 41:49 Daniel’s outlook on Chicago Real Estate. 47:27 What is Daniel’s competitive advantage? 47:51 One piece of advice for new investors. 48:29 What do you do for fun? 48:50 Good book, podcast, or self development activity that you would recommend? 51:09 Local Network Recommendation? 51:26 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 268: Five Bold Predictions For Chicago Real Estate in 2024 with Jake Fugman and Mike Scanlon 1:09:14
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Jake Fugman and Mike Scanlon, leaders of The Axon Group, return to provide Five Bold Predictions on the 2024 Real Estate Market! We kick things off with a hot topic; what will interest rates do in 2024?! Jake and Mike weigh in on the asset class and neighborhoods positioned for big time growth in 2024. For turn-key, low maintenance investments, the group discusses areas with great opportunities for condo investments. Lastly, Jake and Mike discuss where cap rates are headed and sectors of commercial real estate that may be in trouble. As usual, Jake and Mike bring tremendous value and insights to give Chicago Investors a competitive edge! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jake Fugman & Mike Scanlon of The Axon Group Link: SUCI Episode 200: Which Chicago Neighborhoods are Hot and Which are Not? Link: Episode 138: Straight Up Tues Tip 28 - Mike Scanlon Talks Through How He Sourced an Off Market Househack Deal Link: The Bank On Yourself Revolution (Book Recommendation) Link: Crushing It in Apartments and Commercial Real Estate (Book Recommendation) Link: Aparicio Law (Attorney Recommendation) ----------------- Guest Questions 02:33 Housing Provider Tip: Provide tenants with a credit reporting service to help them build their credit. 03:22 Intro to our guests, Jake Fugman and Mike Scanlon. 07:03 Bold Prediction #1: Interest Rates in 2024! 15:09 Bold Prediction #2: Asset class to appreciate at least 10% in value! 21:25 Bold Prediction #3: Neighborhoods positioned to boom in value! 28:07 Bold Prediction #4: Future of downtown condo prices! 37:18 Bold Prediction #5: Where are multifamily cap rates heading? 51:46 Jake’s and Mike’s motivation to be thought-leaders in Chicago REI! 55:37 What is Jake’s and Mike’s competitive advantage? 57:23 One piece of advice for new investors. 59:10 What do you do for fun? 62:20 Good book, podcast, or self development activity that you would recommend? 63:51 Local Network Recommendation? 65:28 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
What do investors need to know regarding cost segregation? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Brenten Blakeman, Tanigble Property Tax Methods Link: Build Your Team ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.…
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Straight Up Chicago Investor

1 Episode 266: Reviewing The “Bring Chicago Home” Tax and Its Implications to Housing Providers with Mike Glasser 53:19
We welcome Mike Glasser back to inform us on the “Mansion” Tax and other Housing Provider legislative topics! Mike dives right in by explaining the proposed “Bring Chicago Home” Ordinance (a.k.a. “Mansion” Tax) and its impact on Chicago's economy. He explains the intent of the proposed ordinance and reasoning for why it will end up negatively impacting not only the “rich”, but also Housing Providers, Tenants, and normal Property Owners. Housing Providers will need to increase revenue which primarily comes through rental income to offset increased operating costs that they cannot control. As usual, Mike brings tremendous value and advocacy for Chicago Housing Providers on today’s show. If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Mike Glasser, Neighborhood Building Owners Alliance (NBOA) Link: NBOA Affiliates Page Link: Michael Zink (Network Referral) ----------------- Guest Questions 02:35 Housing Provider Tip: Be prepared with a checklist when starting ownership or management of a new property. 05:00 Intro to our guest, Mike Glasser. 10:23 Mansion Tax and other upcoming challenges for Housing Providers. 32:20 What can Housing Providers do to prevent the Mansion Tax? 34:34 Evanston’s Landlord and Tenant Ordinance. 41:14 Mike’s advice on how to get involved in Housing Provider Advocacy! 45:21 What is Mike’s competitive advantage? 46:09 One piece of advice for new investors. 47:27 What do you do for fun? 47:44 Good book, podcast, or self development activity that you would recommend? 48:40 Local Network Recommendation? 49:41 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 265: An In-Depth Inspection of Chicago Buildings with George Meegan and Dean Cushing 1:04:24
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George Meegan and Dean Cushing join us to share insights from several decades of experience in the building systems and inspection industry! The duo jumps right in by discussing their start in the inspection industry and giving us some inspection horror stories. George and Dean get granular on common issues with major building systems including plumbing, heating/cooling, roofs, and windows. They explain how property owners can leverage property assessments from experienced professionals not only at the time of purchase, but also during other phases of ownership. George and Dean demonstrate their vast knowledge on building systems and give valuable tips for property owners throughout the show! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: George Meegan & Dean Cushing | Call George: 773-716-3560 Link: Eat That Frog! (Book Recommendation) Link: Domicile Consulting (Network Referral) Link: SUCI Ep 101 - Jason Marcordes ----------------- Guest Questions 02:41 Housing Provider Tip: Remove unused cables attached to exterior walls to prevent future issues! 03:42 Intro to our guest, George and Dean! 08:34 Inspection Horror Stories 10:19 Common inspection issues on roofs. 14:52 Inspecting plumbing systems. 19:38 Assessing windows. 21:31 Heating and Cooling Systems. 40:38 What to look for in masonry and lintels? 46:32 Understanding catch basins. 48:40 Property condition assessments. 56:17 What is George’s and Dean’s competitive advantage? 57:36 One piece of advice for new investors. 58:21 What do you do for fun? 58:58 Good book, podcast, or self development activity that you would recommend? 59:43 Local Network Recommendation? 60:05 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 264: Unlocking Zoning Secrets: Your Guide to Chicago Zoning, ADUs, and Other Essential Information 14:34
Where can I go to find all information around zoning, ADU, lot sizes and lot lines, and other essential information? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Samuel Pavlovcik, Pavlovcik Architecture Inc Link: Zoning Cheat Sheet ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 263: Buying Chicago Lots For $1 and Other Successful Strategies with Tanisha Blakemore 41:04
Tanisha kicks things off by discussing her first deal back in 2005; a 2-unit in Auburn Gresham that she purchased with 0% down! She talks about learning to be a housing provider during a time when resources were much more scarce than today. Tanisha has a couple real estate horror stories including another fire story and the US Marshals arriving at her property. She closes with an outlook on Auburn Gresham and empowering words on getting into the real estate game! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Tanisha Blakemore, Dreamtown Realty Link: The Richest Man in Babylon (Book Recommendation) Link: Tanisha's Instagram Link: ChiBlockBuilder Link: SUCI Ep 250 - Jonathan Klemm ----------------- Guest Questions 03:05 Housing Provider Tip: Routinely check smoke detectors to mitigate risk. 04:09 Intro to our guest, Tanisha Blakemore! 07:47 Tanisha’s first deal at 25 years of age! 12:25 Tanisha’s next steps following her first deal. 15:45 US Marshals at Tanisha’s property! 18:14 Another property fire story! 26:14 Acquiring a Dollar lot! 30:44 Tanisha’s decision to get licensed. 33:15 Outlook on Auburn Gresham. 35:27 What is Tanisha’s competitive advantage? 36:05 One piece of advice for new investors. 36:42 What do you do for fun? 36:55 Good book, podcast, or self development activity that you would recommend? 37:55 Local Network Recommendation? 38:28 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 262: From FBI Agent to Hundreds of Doors In Chicago with James Williams 1:08:42
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James Williams is a real estate investor, attorney, and former FBI agent who embarked on his real estate journey in the early 90s! James starts by discussing how he chose a career path which includes a period of working in the FBI, all while having real estate investing on the back of his mind. He discusses his first real estate purchase, a graystone on Chicago’s Northside purchased in the 90s! James shares insights raising capital, acquiring hundreds of units, and extremely rough times in his investing career that resulted in him selling off most of his portfolio. He shares the impact of losing a valued business partner and friend. The silver lining of the rough times is that James still holds a nice portfolio and has the team in place to continue scaling! Throughout the show, James emphasizes the importance of patience, due diligence, and building a great team. Most importantly, after 262 episodes, we finally get to drop a Point Break reference. If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: James Williams, Mainstreet Real Estate Services Link: Boss (Book Recommendation) Link: American Pharaoh (Book Recommendation) Link: Henry Cardenas (Network Referral) ----------------- Guest Questions 02:31 Clean leaves to prevent clogging of gutters and drains! 03:39 Intro to our guest, James Williams! 09:30 James’ quest to buy his first piece of real estate! 18:53 Working in the FBI! 25:33 Raising capital for RE Investing. 37:32 Lessons learned from 4 years in a tough market. 47:55 Selling off most of the portfolio. 53:36 Costs of Selling. 56:35 What’s next for James? 59:43 What is James’ competitive advantage? 61:13 One piece of advice for new investors. 62:50 What do you do for fun? 63:45 Good book, podcast, or self development activity that you would recommend? 64:28 Local Network Recommendation? 65:04 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

What questions should I ask my tax professional before the end of the year? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Aaron Zimmerman, Lipschultz Levin & Gray Link: Episode 52: Saving Thousands of Dollars With the Appropriate Tax Strategy and Deductions ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 260: Chicago Investors Cannot Have a Worse Day Than This, With Roman Viere 1:15:21
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Roman Viere owns and operates over 1000 rentals in Chicago with the bulk of those in the Austin neighborhood. In this episode, he gives a detailed breakdown on a terrifying explosion that occurred at his 35-unit apartment building in Austin. He discusses all things from the day of the incident including arriving at the scene, speaking with the authorities, and handling the press. Roman discusses insurance implications resulting from the explosion, insurance claims, and a 1033 exchange. If things weren’t bad enough, he talks about his million dollar water bill and how he got around that! Despite never planning for explosions and other catastrophic events at your rental properties, these are events that all housing providers should be prepared to handle for the safety and protection of all parties. If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Roman Viere, Urban Alternatives Link: SUCI Ep 77 - Roman Viere Link: The Bomber Mafia (Book Recommendation) Link: Greg Yearwood (Precision Consulting / 773-852-8246 / gyearwood1@gmail.com / pcllcclaims.com ) Link: Myk Snider (Sphere Public Relations / 312.816-5401 / myk@spherePR.com / SpherePR.com) Link: Jeff Riechenbach (State Farm / (773) 685-3600 / jeff.reichenbach.vafdml@statefarm.com) ----------------- Guest Questions 02:18 Housing Provider Tip: Be prepared to deal with emergencies at your rental properties! 03:16 Intro to our guest, Roman Viere! 03:55 The morning of a tragic event. 10:39 Arriving at the scene. 17:04 Being prepared for emergency events at rental properties. 27:55 Reflecting on the day of the incident. 35:57 Tactical items for dealing with an explosion. 43:01 Insurance implications. 60:13 Insurance Coverage and 1033 Exchange. 65:02 Lessons learned from this tragic event. 67:38 What is Roman’s competitive advantage? 68:25 One piece of advice for new investors. 69:10 What do you do for fun? 69:44 Good book, podcast, or self development activity that you would recommend? 70:41 Local Network Recommendation? 71:36 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 259: Time For Serious Chicago Investors with Sal Becovic 1:00:38
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Sal Becovic returns to the show to discuss how he has continued to grow his portfolio despite the challenging market! Sal jumps right in by sharing his philosophy on acquisitions and being “rate agnostic”. He gives an extremely bullish outlook on Chicago leaving us feeling great about this special city. Sal discusses the ins and outs of his latest and largest acquisition; a 28-story condo building with value-add potential. Throughout the show, Sal emphasizes the importance of establishing solid fundamentals, surrounding yourself with great people, and being a good person; rules of life not just RE investing. If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Sal Becovic, Becovic Realty Link: NBOA Chicago Link: Bloomberg.com Link: The Economist ----------------- Guest Questions 02:35 Housing Provider Tip: Ideas to make unit turnovers more efficient! 04:10 Intro to our guest, Sal Becovic! 07:31 Being in acquisition mode! 13:57 Being “rate agnostic” in today’s market. 18:52 Sal’s perspective on the Chicago RE market. 23:32 Sal’s latest and largest deal! 37:21 What’s next for Sal? 41:55 Operations and building a team. 47:30 Sal’s closing tips on optimizing your RE portfolio! 51:03 What is Sal’s competitive advantage? 52:35 One piece of advice for new investors. 53:49 What do you do for fun? 54:38 Good book, podcast, or self development activity that you would recommend? 56:23 Local Network Recommendation? 57:34 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 258: Maximize Your Savings: Unveiling the Tax Advantages of Solar Panels and Electric Vehicles 16:37
What are the tax benefits of solar panels and electric vehicles? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Michael Procaccio, Pro Financial Services Group Inc Link: Build Your Team | Straight Up Chicago Investor Podcast Link: Episode 198: 2023 Tax Strategies for Chicagoland Real Estate Investors with Michael Procaccio ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

Ditron is a seasoned Short-Term Rental (STR) Investor who is teaching others how to get started and maximize profitability with STRs. Ditron shares how he got started in real estate and utilized the house hacking and rent-by-the-room strategy. He shares tremendous nuggets on finding good STR markets and typical expenses associated with setting up and running a short-term rental. Ditron gives tips on working with AirBNB, STR expectations, amenities, and FAQs to consider to set yourself up for success. Mid-Term Rentals, STR underwriting, and automation are also discussed on the episode. This show is full of STR jewels of wisdom that you won’t want to miss! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Ditron Corker, Roam to Rome Spaces & STR Innovate Link: Ditron's Meetup Link: SUCI Ep 143 - Jessica Ryan Link: Who Not How (Book Recommendation) Link: Jeff Ma and Eli Goodman Meetup ----------------- Guest Questions 03:10 Housing Provider Tip: Deliver a nicely landscaped property to encourage upkeep! 05:37 Intro to our guest, Ditron Corker! 08:00 Ditron’s first deal! 09:20 Getting into short-term rentals (STRs)! 13:46 Expenses on STRs. 20:07 STR-Specific Features and FAQs! 24:27 Entertainment amenities in STRs. 25:56 Where are STRs allowed? 31:08 Underwriting STRs! 35:34 STRs vs MTRs. 38:55 Automation Systems. 40:50 Lessons Learned! 46:06 Tax Advantages to STRs. 49:22 Ditron’s upcoming conference! 51:49 What is Ditron’s competitive advantage? 52:25 One piece of advice for new STR investors. 53:02 What do you do for fun? 53:24 Good book, podcast, or self development activity that you would recommend? 54:05 Local Network Recommendation? 55:14 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

Andrew kicks things off by discussing necessary skills to succeed as an entrepreneur in Real Estate. He talks about the value of a building inspection even if the property will be rehabbed. Andrew clears the air on the need for auxiliary inspections such as radon, asbestos, and sewer scopes. Andrew drops golden nuggets on questions that investors should be asking inspectors to mitigate their risk. The show is closed out with technological advances in the inspection industry that investors should be aware of! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Andrew Fox, BrickKicker Inspection Services Link: BrickKickerCommercial.com Link: The Game with Alex Hormozi Link: Good to Great (Book Recommendation) Link: Mathew Tarailo (Network Referral) ----------------- Guest Questions 02:58 Housing Provider Tip: Set up lock boxes for access during emergencies! 04:54 Intro to our guest, Andrew Fox! 09:41 Skills for Entrepreneurial Success. 14:02 BrickKicker’s Model! 20:19 Inspecting properties that will be rehabbed. 25:47 Auxiliary Inspections. 33:03 Questions Investors should ask Inspectors. 35:23 Technology in the Inspection Industry! 43:06 Outlook on the Inspection Industry. 47:13 What is Andrew’s competitive advantage? 47:33 One piece of advice for new investors. 48:00 What do you do for fun? 48:13 Good book, podcast, or self development activity that you would recommend? 48:43 Local Network Recommendation? 49:20 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

What are my lending options if I do not have a W2? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Eric Workman, Renovo Financial Link: Episode 19: Top 10 Mistakes We See From Chicago Investors - with Eric Workman of Renovo Financial (Part 2) ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 254: Becoming a Straight Up Chicago Investor With Life Lessons From the Military with Edgar Barbosa 47:43
Edgar Barbosa is an investor and realtor with a focus on helping clients get into REI to start their wealth building journey! It’s clear the Military is not for the weak, and Edgar speaks to the lessons learned during his time served along with how he applies those teachings to his current lifestyle and investments. He dives into his first househack in Cicero including how he decided on the investment type, price point, and location. The power of the VA loan is brought up and Edgar discusses his plan to strategically continue leveraging that benefit. Edgar discusses his second investment which was a condo in Fulton Market and gives his perspective on investing in an A+ location. A repeated theme of this episode is the importance of building good habits, being disciplined, and doing right by others to obtain success in real estate and life as a whole! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Edgar Barbosa, RE Investors Brokerage Link: SUCI Ep 245 - JD Modrak Link: Discipline is Destiny (Book Recommendation) Link: Edgar's Instagram ----------------- Guest Questions 02:50 Housing Provider Tip: Check appliances for roaches and other pests! 04:15 Intro to our guest, Edgar Barbosa! 07:43 Joining the military and lessons learned! 15:13 Life after the military and starting in real estate. 18:26 Edgar’s first househack! 21:02 The Power of the VA Loan. 25:14 Edgar’s second deal. 29:59 Renting to family and friends. 31:29 Fulton Market condo as an investment. 35:57 Edgar’s search for a SFH rehab project. 38:52 Getting a Real Estate license. 42:16 What is Edgar’s competitive advantage? 42:47 One piece of advice for new investors. 43:09 What do you do for fun? 43:18 Good book, podcast, or self development activity that you would recommend? 43:57 Local Network Recommendation? 44:25 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 253: Purchasing 1,000 Chicagoland Properties Through Extensive Marketing with Jeff Nydegger 1:07:24
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Jeff Nydegger has over 17 years of real estate experience including over 1,000 homes bought and repositioned in Chicagoland! Jeff jumps right in by sharing how skill sets built in the Military have served him in his REI ventures. He dives deep into his rough start in real estate including the mental resilience and grit it took to overcome the adversity! Jeff breaks down how Short Sales became a big part of his business during the last RE crash and shares some crazy short sale stories. To conclude our show, Jeff gets granular on the marketing efforts of a professional real estate investor to find deal flow in a low inventory market. If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jeff Nydegger, Kendall Partners and JeffBuysYourHouse.com (a division of Kendall Partners) Link: The 7 Habits of Highly Effective People (Book Recommendation) Link: Mastering the Rockefeller Habits (Book Recommendation) Link: Eric Workman (Network Referral) Link: SUCI Ep 79 - Gary Davidson (Network Referral) ----------------- Guest Questions 01:44 Housing Provider Tip: Network with wholesalers to maximize opportunities for deals! 02:54 Intro to our guest, Jeff Nydegger! 06:20 Skills from the Military translating to Real Estate! 08:18 Getting Jeff’s real estate business off the ground. 17:46 Continuing the grind after a rough start. 27:38 Crazy Short Sale stories! 31:08 Pivoting to continue business growth. 41:24 Marketing and creating deal flow! 59:20 Jeff’s outlook on his business and on the Chicago market! 60:27 What is Jeff’s competitive advantage? 60:51 One piece of advice for new investors. 61:54 What do you do for fun? 62:18 Good book, podcast, or self development activity that you would recommend? 62:54 Local Network Recommendation? 64:24 How can the listeners learn more about you and provide value to you ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
What are the pros/cons between conventional financing and DSCR loans? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Eric Workman, Renovo Financial Link: Episode 19: Top 10 Mistakes We See From Chicago Investors - with Eric Workman of Renovo Financial (Part 2) ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

Bob is a successful realtor and investor with a focus on House Hacking to help her clients build investment portfolios! Bob kicks things off by talking about the power of networking and gives tips on developing networking skills. He discusses his vast experience working with property managers and housing providers along with insights on improving management efficiencies. Bob shares how his company Second Nature is helping property owners reduce their HVAC maintenance and expenses by facilitating air filter replacements! Throughout the show, Bob emphasizes the importance of networking and treating others right as keys to success in real estate and life! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Bob Hansen, Second Nature Link: Leadership Strategy and Tactics: Field Manual: Willink, Jocko ----------------- Guest Questions 03:02 Housing Provider Tip: Write Leases to place responsibility of Furnace Filter Replacement on your Tenants! 04:30 Intro to our guest, Bob Hansen! 10:59 Cultivating ability to network and its importance! 13:41 Networking tips for newbies and introverts. 15:52 Working for Home Partners of America. 26:05 Bob’s transition into the Air Filter industry! 30:36 Bob’s Air Filter program explained. 38:19 Other benefits of the Air Filter program. 43:05 New Initiatives and Products coming from Second Nature! 44:15 What is Bob’s competitive advantage? 44:49 One piece of advice for new investors. 45:28 What do you do for fun? 46:41 Good book, podcast, or self development activity that you would recommend? 47:17 Local Network Recommendation? 48:00 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 250: Unlocking Success by Establishing a Strong Focus in Chicago Real Estate with Jonathan Klemm 55:18
Chicago General Contractor and return guest Jonathan Klemm provides insight on successes and improvements made to his Business and Investments since his last appearance! Jonathan kicks things off with tremendous insights on Chicago construction including permits, renovations, new construction, and lessons learned. He discusses his recent acquisitions and shares how he sourced and stabilized those assets. He then jumps into turning down opportunities to focus on more important aspects of his business; learning to say “no” to opportunities can be extremely powerful! Jonathan emphasizes the importance of taking action, cultivating strong focus, and transparency to take your business to the next level! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Jonathan Klemm, Quality Builders Link: Quality Builders' Instagram Link: Tom Moore (Zoning Attorney Referral) Link: The Power of Now (Book Recommendation) Link: Think Like a Monk (Book Recommendation) ----------------- Guest Questions 02:18 Housing Provider Tip: Be aware of wiring best practices and scams! 04:37 Intro to our guest, Jonathan Klemm! 06:52 Jonathan’s messy flip project. 09:01 When are building permits required? 14:29 Dealing with Asbestos. 19:14 Getting into ground up construction! 24:38 Jonathan’s 1031 exchange and establishing a focus. 29:10 Getting into a 19-unit building. 32:03 Transitioning into a 26-unit building! 35:20 Focusing on Quality Builders (Jonathan’s business)! 44:50 5-Year outlook on Quality Builders and the City of Chicago! 48:18 What is Jonathan’s competitive advantage? 48:58 One piece of advice for new investors. 49:58 What do you do for fun? 50:35 Good book, podcast, or self development activity that you would recommend? 51:21 Local Network Recommendation? 51:51 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

What are the new changes to owner-occupied conventional lending and how can Chicago investors take advantage of them? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Chris Puleo, Puleo Group Link: Episode 130: Chicago Mortgage Lending in this Inflationary Environment with Chris Puleo ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 248: Early Investing Pitfalls and Tremendous Lessons Learned in Chicago’s South Suburbs with Alex Fenske 1:01:30
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Alex shares how he got interested in real estate investing and bought into “guru” advice which did NOT serve him well! He dives deep into the compounding mistakes he made as a new investor including lack of focus and education and working with an inexperienced team. Alex discusses raising and losing private capital which lead to intense stress, difficult conversations, and severed relationships with friends and family. The silver lining is that Alex provides great lessons learned, advice, and closes with how he’s rebounded and built a nice investment portfolio! His story is proof of the importance of getting educated and building a team to minimize risk in REI! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Alex Fenske, KW Chicago Southland Homes Link: Atomic Habits (Book Recommendation) Link: Gary Davidson (SUCI Ep 79) ----------------- Guest Questions 02:52 Housing Provider Tip: Be cautious of potential damage caused by hydro-jetting sewer lines? 05:00 Intro to our guest, Alex Fenske! 08:02 Alex’s real estate journey since starting in 2000. 20:25 Early acquisitions pre-crash! 26:55 Mindset to continue after early failures. 33:25 Rebounding from failures and getting licensed! 42:34 Alex’s current investment areas of focus. 51:40 5-Year outlook on the south suburbs. 53:08 What is Alex’s competitive advantage? 54:10 One piece of advice for new investors. 56:12 What do you do for fun? 56:42 Good book, podcast, or self development activity that you would recommend? 57:14 Local Network Recommendation? 58:34 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 247: Strategic House Hacking in Chicago’s West Town Neighborhood with Sarita Scherpereel 58:19
Sarita Scherpereel is a successful realtor and investor with a focus on House Hacking to help her clients build investment portfolios! Sarita jumps right in by sharing how she got started in real estate, built her business, and chose House Hacking as an area of focus. She shares tremendous value on how to analyze House Hacks and debunks several myths commonly associated with this strategy. Sarita discusses acquisitions utilizing multiple strategies including short-term, mid-term, and long-term rentals; all within the same property! Throughout the show, Sarita emphasizes the importance of surrounding yourself with a great team to do the first deal right and set yourself up for growth! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Sarita Scherpereel, Kale Realty Link: Sarita's Instagram Link: SUCI Ep 238 - Mike Facchini Link: First Ascent Climbing & Fitness Link: The Power of Now (Book Recommendation) ----------------- Guest Questions 04:56 Housing Provider Tip: Keep up with HVAC system servicing as preventative maintenance! 07:13 Intro to our guest, Sarita Scherpereel! 08:38 Sarita’s start in real estate. 16:13 Choosing House Hacking as a niche! 23:57 Best activities for new Realtors to build their business! 28:33 Debunking the myths of House Hacking! 33:10 Mid-Term Rentals and Furnished Finder! 40:38 House Hacking in West Town. 45:28 Outlook on West Town. 48:25 What is Sarita’s competitive advantage? 49:41 One piece of advice for new investors. 50:08 What do you do for fun? 50:55 Good book, podcast, or self development activity that you would recommend? 52:41 Local Network Recommendation? 54:09 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

How can I get reimbursed for damages that occurred to my property from the recent Chicago floods? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Jason Wagner, Greystone Realty Link: DisasterAssistance.gov Link: Disaster Loan Assistance Link: SUCI Episode 224: Expert Insights On Chicago’s Northwest Side with Jason Wagner ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

JD shares his real estate beginnings, including his purchase of a multi-family building with a VA loan. He dives into Short-Term Rentals (STRs) including income, expenses, and how those compare to traditional rentals. JD gets granular on STR pricing, occupancy, turn-over costs, and optimizing profitability. He drops golden nuggets on common mistakes investors make in STR investing and how you can avoid those! This show is packed with jewels of wisdom for anyone interested in STR investing! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: JD Modrak , Kasa Link: Andrew Dorazio (Network Referral) Link: Our Team | BCG Real Estate Group ----------------- Guest Questions 02:09 Housing Provider Tip: Have an HVAC contractor for emergency repairs during extreme weather! 04:22 Intro to our guest, JD Modrak! 05:22 JD’s start with Short-Term Rentals (STRs)! 08:21 STR Expenses and Net Income. 13:23 STR expectation changes over the years. 18:04 Pricing STRs! 23:19 The Perfect Check-In. 25:17 Identifying good STR markets. 30:22 Mid-Term Rentals (MTRs)! 36:14 Financing STRs and MTRs! 43:24 Taxes on STRs. 47:08 What is JD’s competitive advantage? 47:52 One piece of advice for new investors. 50:15 What do you do for fun? 50:43 Good book, podcast, or self development activity that you would recommend? 51:00 Local Network Recommendation? 51:48 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

Ryan Bakke is a CPA, real estate investor, and coach who is helping others build wealth via real estate and tax strategy! Ryan starts by explaining the value a Tax Strategist brings and common mistakes on tax returns. He dives into the power of short-term rentals (STRs), their tax advantages, and how to underwrite STR investments. Ryan shares his philosophy and tips for building a client base and following that have led him to a thriving business! Throughout the show, Ryan hammers home the importance of being a go-giver and delegating tasks to best use your time! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Ryan Bakke Link: The LearnLikeaCPA Show Link: $100M Offers (Book Recommendation) Link: The Game (Podcast Recommendation) Link: Muscle for Life Podcast ----------------- Guest Questions 02:56 Housing Provider Tip: Be ready to recognize and act on a good deal! 04:58 Intro to our guest, Ryan Bakke! 05:29 Tax Preparer vs. Tax Strategist 09:14 Common Tax Returns Mistakes. 10:35 Tax Insights on Short-Term Rentals (STRs)! 17:27 Short-Term Rentals in Chicagoland. 19:21 Automating STRs! 24:58 Underwriting STRs! 31:06 Ryan’s approach to building a following! 46:29 Ryan’s next 5 years! 50:34 What is Ryan’s competitive advantage? 51:16 One piece of advice for new investors. 52:34 What do you do for fun? 53:18 Good book, podcast, or self development activity that you would recommend? 54:20 Local Network Recommendation? 54:55 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
How do I know if my building is in need of masonry work? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Les O'Hara, North Shore Brickwork Sponsors: North Shore Brickwork ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 227: Unlocking Success As a Top-Producing Realtor and Expert in Wheaton with Michael Thornton 47:47
Michael Thorton of Compass leads a top producing real estate team serving Wheaton and surrounding Chicago suburbs! Michael kicks things off with a topic many of us have likely considered; leaving a W2 job to become an entrepreneur and start a business! He explains the challenges of getting the ball rolling and identifies low-hanging fruit that new agents can target to jump start their business. Michael explains how new investors can bring value to seasoned investors for potential partnership opportunities. As a Wheaton real estate expert, he speaks to the financial returns and offerings Wheaton can provide to investors! Throughout the show, Michael emphasizes the importance of truely having clients’ and other people’s best interest to build lasting relationships that will explode your business! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Michael Thornton, Compass - The Michael Thornton Team Link: Michael's Instagram Link: Codie Sanchez (Self-Development Recommendation) Link: James Clear Newsletter ----------------- Guest Questions 04:08 Housing Provider Tip: Non-paying tenants will come back to units if they have valuables there; facilitate access to prevent break ins! 05:27 Intro to our guest, Michael Thornton! 10:22 Getting bit by the entrepreneurial bug. 13:24 How to start building a real estate business? 24:52 How to partner on a deal? 32:11 The future of real estate brokers. 35:16 Investing in Wheaton! 40:17 Michael’s real estate team! 42:08 What is Michael’s competitive advantage? 42:52 One piece of advice for new investors. 43:06 What do you do for fun? 43:30 Good book, podcast, or self-development activity that you would recommend? 44:20 Local Network Recommendation? 44:56 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 226: Unlocking Off-Market Deals Using Rescover's Analysis Platform for Maximum ROI with Ben Smith and Kristen Lopez 54:41
Ben Smith and Kristen Lopez break down how Rescover’s All-in-One Analysis Platform can be your competitive edge to find off-market deals and maximize your ROI! Ben and Kristen lead off with the basics and low-hanging fruit investors must be aware of when planning an off-market property campaign. They discuss the power of leveraging resources; from utilizing Rescover and skip tracing to implementing “Who, Not How”. They dive deep into cold calling and tracking off-market leads to increase your success rate. Throughout the show, Ben and Kristen share valuable insight on the mindset and approach required to get you your next Off-Market Deal! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Ben Smith and Kristen Lopez of Rescover Link: Buy Your Time Back (Book Recommendation) Link: SUCI Ep 195 - Victoria Barkate Link: Ryan Holiday Books Link: zInspector Sponsors: Pentwater Cabinetry and Essex Realty Group ----------------- Guest Questions 02:39 Housing Provider Tip: Ensure you have a registered agent as a point of contact in your LLC! 03:35 Intro to our guests, Ben Smith and Kristen Lopez! 13:20 Low Hanging Fruit to start prospecting! 17:13 Implementing “Who, Not How”! 22:35 What is skip tracing? 30:12 Approaches to cold calling. 39:11 Tracking off-market leads. 41:50 What is Rescover? 47:34 What is Ben’s and Kristen’s competitive advantage? 48:37 One piece of advice for new investors. 49:18 What do you do for fun? 49:48 Good book, podcast, or self-development activity that you would recommend? 50:40 Local Network Recommendation? 51:02 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

What will interest rates do over the next 6-12 months? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Chris Puleo , Puleo Group Link: Episode 130: Chicago Mortgage Lending in this Inflationary Environment with Chris Puleo Sponsors: Puleo Group ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

Jason Wagner is the Managing Broker of Greystone Realty; a brokerage where every agent is also an investor. If you don’t already know, Jason is a huge proponent of 75 Hard, and he explains the program and the amazing impact it’s had on his life! He breaks down how he started and continues to invest in Portage Park and Jefferson Park. Jason dives deep into the housing supply shortage, recent trends in inventory, and projects what could be on the horizon. Jason closes by discussing Greystone Realty and the Wagner Report and how they are adding huge value to Chicago Real Estate Investors! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jason Wagner, Greystone Realty Link: Jason's Instagram Link: Traction (Book Recommendation) Link: SUCI Ep 43 - RJ and Nicky De Leon Link: SUCI Ep 82 - Property People Sponsors: Pentwater Cabinetry and Essex Realty Group ----------------- Guest Questions 03:52 Housing Provider Tip: End leases at noon, instead of midnight, to allow time for turnover! 05:11 Intro to our guest, Jason Wagner! 06:33 Jason explains 75 Hard! 11:05 Jason breaks down investing in Portage and Jefferson Park! 20:00 Discussing months of supply and the supply shortage over the last few years. 31:12 What drew Jason to Belmont Cragin? 36:18 Valuation of 2-4 units vs 5+ units. 40:24 Concept of an investment-minded brokerage! 45:14 How did Jason develop the Wagner Report? 47:00 What is Jason’s competitive advantage? 47:22 One piece of advice for new investors. 48:34 What do you do for fun? 49:49 Good book, podcast, or self-development activity that you would recommend? 50:46 Local Network Recommendation? 52:25 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 223: From New York to the Windy City - Curtis Lefebvre's Real Estate Journey and Success in East Garfield Park 45:03
Curtis Lefebvre shares why he left New York for the Windy City to start investing in Real Estate! Curtis jumps right in by getting granular on acquiring and stabilizing his first househack in East Garfield Park. He discusses everything from dealing with problem tenants to DYI’ing renovations. He dives into the numbers of his killer househack which allows him to not only live for free, but also cash flow while living there! Curtis defines the borders of the neighborhood, and with Mark’s input, talks about the differences between East and West Garfield Park. Curtis justifies betting big on East Garfield Park by sharing his bullish outlook on the neighborhood! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Curtis Lefebvre | E-mail Link: Brian Lindstrom (Lender Referral) Link: SUCI Ep 195 - Victoria Barkate Sponsors: Build Your Team and NEGC Remodeling ----------------- Guest Questions 03:02 Housing Provider Tip: Processes to prevent loss of lock keys and codes! 04:21 Intro to our guest, Curtis Lefebvre! 07:03 How did Curtis decide on which Chicago neighborhoods to invest in? 11:48 Curtis’ experience acquiring his first rental property in Chicago! 21:39 Dealing with problem tenants. 25:30 DYI’ing renovations on the first property! 32:39 Curtis’ bullish outlook on East Garfield Park! 36:04 Borders of East Garfield Park and Going West of the Park! 39:03 What is Curtis’ competitive advantage? 39:28 One piece of advice for new investors. 39:40 What do you do for fun? 40:13 Good book, podcast, or self-development activity that you would recommend? 40:36 Local Network Recommendation? 41:17 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 222: Essential Insights - 5 Must-Address Items in Your Attorney Review Letter - Expert Advice with Chance Badertscher from Lavelle Law" 8:59
What Are Five Items Every Investor Should Address in Their Attorney Review Letter? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Chance Badertscher, Lavelle Law Sponsors: Lavelle Law ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 221: Unveiling Real Estate Market Insights - The Mad Scientist of Multifamily, Neal Bawa, Shares Data Trends and Future Outlook! 1:01:38
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The Mad Scientist of Multifamily, Neal Bawa, returns to the show to share the latest data trends and his outlook on the Real Estate market! Neal jumps right in by summarizing changes in the real estate market over the last 18 months. He explains how his underwriting has changed as a result of market conditions. Neal gives a warning to those investing in office-space and talks about the challenges of converting office-space to residential. Neal concludes by telling us why he’s putting his money into Build-to-Rent townhomes, the “next evolution of the Single Family Home!” If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Neal Bawa, Grocapitus Link: SUCI Ep 26 - Neal's 1st Episode Link: SUCI Ep 110 - Neal's 2nd Episode Link: https://multifamilyu.com/webinars/ Sponsors: North Shore Brickwork and Essex Realty Group ----------------- Guest Questions 02:32 Housing Provider Tip: Don’t forget to set time aside daily for personal growth! 04:04 Intro to our guest, Neal Bawa! 04:52 What has happened in the real estate market over the last 18 months? 14:32 Discussing previous high-inflation periods! 23:45 How has Neal’s underwriting changed given the market conditions? 29:28 Is it worth putting more money down to increase cash flow? 34:48 The future of office space! 43:18 Why Neal is bullish on Build-to-Rent! 52:22 Neal’s revised outlook on tokenization. 54:24 What is Neal’s competitive advantage? 54:56 One piece of advice for new investors. 55:54 What do you do for fun? 56:15 Good book, podcast, or self-development activity that you would recommend? 57:24 Local Network Recommendation? 57:49 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 220: A Seasoned Investor's Journey in Chicago Real Estate - Insights, Strategies, and Neighborhood Outlook with Baris Yuksel 46:49
Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Baris Yuksel, Supreme Capital Link: Multifamily Insights Podcast Link: Baris' LinkedIn Link: John Warren SUCI Ep 196 (Network Referral) Sponsors: Pentwater Cabinetry and Essex Realty Group ----------------- Guest Questions 03:25 Housing Provider Tip: Understand Gross vs Net Income when screening tenants! 05:16 Intro to our guest, Baris 10:20 Why did Boris start with a mixed-use building? 19:31 Establishing a Geographical Focus and Finding Capital to Scale! 22:11 Self-Managing a Growing Portfolio. 31:39 Discussion on different Chicago neighborhoods! 37:15 Baris’ outlook on Chicago Real Estate! 40:22 What is Baris’ competitive advantage? 40:45 One piece of advice for new investors. 41:19 What do you do for fun? 41:37 Good book, podcast, or self-development activity that you would recommend? 42:08 Local Network Recommendation? 42:52 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 219: The Focus of Chicago's NBOA in 2023 and Why Housing Providers Should Take Notice 17:19
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Straight Up Chicago Investor

1 Episode 218: Sharing a Decade of Experience in Chicago Real Estate - Insights on Architecture, Renovation, and Investment Potential with Michaela Gordon 47:42
Michaela Gordon is a seasoned Realtor and Designer with over 10 years of experience acquiring and renovating properties in Chicago! Michaela kicks things off by talking about her background in architecture and design. She explains the significance of the different Chicago lot sizes and their impact on a building’s footprints and redevelopment potential. Michaela also compares Chicago architecture to Los Angeles’ architecture. She drops golden insight on modernizing units on a budget and also lays out improvements that are NOT worth the ROI. Michaela closes with powerful words on the value that investment-minded realtors offer and gives her outlook on the Real Estate market! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Michaela Gordon, MG Home Chicago Link: MG Homes Instagram Link: Brandon Hood Instagram (Network Referral) Link: Per My Last Email (Michaela's Podcast) Sponsors: Cost Seg Kev and Essex Realty Group ----------------- Guest Questions 02:49 Housing Provider Tip: Understand Source of Income and other protected classes when screening tenants! 04:54 Intro to our guest, Michaela Gordon! 07:38 Michaela’s real estate origin story! 11:32 Chicago Lot Sizes and their importance. 17:52 Modernizing units on a budget. 28:06 Property Improvements that are NOT worth it! 30:29 How can real estate brokers be more investment-minded? 35:32 Michaela’s outlook on the real estate market! 40:20 What is Michaela’s competitive advantage? 41:08 One piece of advice for new investors. 41:17 What do you do for fun? 41:57 Good book, podcast, or self-development activity that you would recommend? 43:20 Local Network Recommendation? 44:04 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 217: Building Relationships with Community Banks - Insights from Chicagoan Kevin Greer on the Lending Market and Investor Strategies 52:30
Kevin Greer joins us to break down Community Banks, Commercial Lending, and the State of the Lending Market! Kevin explains the differences between Regional Banks and Community Banks. You'll learn how you can build and leverage a relationship with your local Community Bank. He also shares how his investor mindset and strategy have changed throughout his years of investing. Then, Kevin tells us his outlook on the lending market and how investors should prepare! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Kevin Greer, Bank Financial Link: Mark@securechoice.biz (Mark Wilczak - Secure Choice Property Inspector) Link: BISNOW Article Sponsors: NEGC Remodeling and Essex Realty Group ----------------- Guest Questions 03:02 Housing Provider Tip: Monitor the temperature on boiler buildings as the weather warms up! 05:32 Intro to our guest, Kevin Greer! 08:15 Kevin discusses the state of the lending market! 10:04 Ins and outs of a Community Bank. 14:15 How to build a relationship with a Community Bank? 21:32 How do banks stay afloat when business slows? 22:43 How has Kevin’s investing mindset changed over the years? 26:32 Where in Chicago is Kevin seeing the most real estate activity? 32:18 DSCR and commercial loan underwriting! 41:32 Kevin’s outlook on the lending market. 45:45 What is Kevin’s competitive advantage? 46:08 One piece of advice for new investors. 46:35 What do you do for fun? 47:01 Good book, podcast, or self-development activity that you would recommend? 48:14 Local Network Recommendation? 49:05 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

What is the Chicago Real Estate Rumble and how can I participate, attend, or donate? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Ryan Cotter, The Mortgage Corp Link: Fighter Orientation - Chicago Real Estate Rumble 2023 Link: Real Estate Rumble Series Sponsors: Midwest RE Networking Summit and Essex Realty Group ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 215: Scaling To A 430-Unit Rental Portfolio in Chicago’s Midway Area with Brian Basic 47:11
Brian Basic is a seasoned investor with experience ranging from Condo Deconversions to Buy and Hold Rentals! Brian starts by explaining the origins of his family’s REI business and the lessons learned from his wide range of investing experience. Next is a deep dive on the differences between being a landlord in the City of Chicago compared to the Suburbs. Brian discusses his geographical areas of expertise including West Lawn, Garfield Ridge, and other areas surrounding Midway airport! Throughout the show, Brian emphasizes the power of buy and hold real estate and encourages newbies to get started to begin leveraging the benefits! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Brian Basic, OAC Management Link: https://www.chicagobusiness.com/ Link: Attorney Recommendation Sponsors: Midwest RE Networking Summit and Essex Realty Group ----------------- Guest Questions 03:16 Housing Provider Tip: Ensure your leases are compliant with the latest laws this leasing season! 05:31 Intro to our guest, Brian Basik! 07:24 How did Brian and his family get started in REI? 13:28 Brian’s Lessons Learned! 19:34 What is Brian’s REI focus today? 22:01 Land-lording in the City vs Suburbs! 24:19 Positive momentum in West Lawn and surrounding neighborhoods! 34:30 How have Brian and his team set up property management? 38:22 Where does Brian want to be 10 years from now? 42:07 What is Brian’s competitive advantage? 42:28 One piece of advice for new investors. 43:07 What do you do for fun? 43:24 Good book, podcast, or self development activity that you would recommend? 44:05 Local Network Recommendation? 44:32 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

Roger starts by discussing how he found a niche in New Construction and jumps into lessons learned throughout the years. Leaning on his decades of investing experience, he’s able to provide insight on red flags leading up to the last housing crash and discuss the emergence of north side neighborhoods like Uptown, Edgewater, and Buena Park. Roger breaks down how he identifies areas where new construction is profitable and summarizes the key players of your real estate investing team. Roger closes by pulling out the crystal ball and sharing a bullish outlook on Chicago! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Roger Luri, LD2 Development Link: Roger's LinkedIn Link: Don't Buy Multi-Family! BUILD IT (Roger's Book) Sponsors: Midwest RE Networking Summit and NEGC Remodeling ----------------- Guest Questions 02:24 Housing Provider Tip: Leverage Google Earth as a due diligence tool when purchasing property! 04:19 Intro to our guest, Roger Luri! 07:41 Finding a niche in new construction! 11:28 What red flags did Roger notice leading up to the last housing crash? 14:39 Working with neighborhood groups when redeveloping property! 16:24 Seeing Development in Uptown, Edgewater, and other North Side Neighborhoods! 21:42 Determining locations where new construction is profitable. 25:46 Keys to building a solid real estate team! 32:00 Roger compares rehabs and new construction! 41:02 How to set up Joint Ventures? 43:25 Roger’s outlook on Chicago! 46:45 What is Roger’s competitive advantage? 47:44 One piece of advice for new investors. 48:31 What do you do for fun? 49:12 Good book, podcast, or self-development activity that you would recommend? 50:17 Local Network Recommendation? 51:02 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

What is this new lending option that could finance my rehab funds? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Perry Farella , First Community Mortgage ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 242: From Rookie Status to Seasoned House Hacker, Flipper, and BRRRR Conductor on Chicago’s Northwest Side with Manny Escarpita 46:43
Manny Escarpita is a young Chicago Real Estate Investor and Licensed General Contractor who has built up an impressive real estate portfolio since starting in 2019! Manny leads by explaining the hungry mindset he cultivated when starting in real estate and the lessons learned on his first deal. After discussing his first couple house hacks, he breaks down a successful BRRRR project that ultimately motivated him to quit his job to pursue real estate investing full time! He dives deep into hard money lending, estimating rehabs, and generating deal flow for his flipping business. Throughout the show, Manny emphasizes the importance of taking action despite fear and attributes his success to his ability to do just that! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Manny Escarpita Link: SUCI Ep 196 - John Warren Link: SUCI Ep 229 - Hernandez Roofing Link: George LaGuardia - A and N Mortgage Link: Raising Private Capital (Book Recommendation) ----------------- Guest Questions 02:52 Housing Provider Tip: Understand insurance policy coverage as it relates to water damage in basement units! 04:30 Intro to our guest, Manny Escarpita! 05:51 Hungry mindset of a new investor. 13:12 Manny’s journey after his first deal! 17:42 Dealing with hard money loans. 24:26 Manny’s next deal in West Logan! 28:30 Manny’s transition to General Contracting and Flipping! 30:33 Advice for new flippers. 34:25 Manny’s long term goals. 39:11 Estimating rehabs. 41:06 What is Manny’s competitive advantage? 41:40 One piece of advice for new investors. 42:28 What do you do for fun? 42:55 Good book, podcast, or self development activity that you would recommend? 43:12 Local Network Recommendation? 43:46 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
Steve Zidek has nearly two decades of real estate experience as a broker and appraiser! Steve kicks off with how he got into the appraising business and breaks down the appraisal process! He gets granular on adjustments that may or may not be considered and speaks to the “art” components of an appraisal. Steve discusses how income factors into residential appraisals and even throws in a crazy appraisal story! This show is loaded with golden nuggets that will help set you up for success during your next appraisal! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Steve Zidek, Keller Williams Inspire Realty Link: Steve's Facebook Link: Tom Ferry Podcast Link: Conspiracy (Book Recommendation) Link: Melissa Steuart (Network Referral) ----------------- Guest Questions 02:45 Housing Provider Tip: Prepare for appraisals to maximize value! 04:05 Intro to our guest, Steve Zidek! 07:36 How did Steve get into appraising? 15:48 Breaking down the appraisal process! 21:33 Quantifying pieces of a property to arrive at a value. 27:53 Contesting appraisals. 36:22 Considering unofficial neighborhood boundaries and expanding criteria when valuing properties. 41:08 Crazy appraisal stories! 43:11 Importance of rents on 2-4 unit property appraisals. 48:00 What is Steve’s competitive advantage? 48:50 One piece of advice for new investors. 49:32 What do you do for fun? 50:01 Good book, podcast, or self development activity that you would recommend? 51:08 Local Network Recommendation? 52:14 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

What is Going On In the Chicago Multifamily Market? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Jordan Gottlieb , Essex Realty Group ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 239: Cook County’s New Program To Reduce Your Assessed Value and Maximize Profitability with Cook County Assessor Fritz Kaegi and CIC’s Stacie Young 58:26
Assessor Kaegi and Stacie Young explain how the Assessor’s Office and CIC created a program to incentivize affordable housing providers! To kick things off, Assessor Kaegi explains how properties are assessed in Illinois and Stacie shares the history of the Class 9 Program. They then break down the Affordable Housing Special Assessment Program including how it works, the increased profits for participating housing providers, and the qualification requirements. Our guests share numerous ways to learn more about the program and how the Assessor's Office and CIC can be a valuable resource for housing providers. Immense value is packed into this episode with insights that can potentially decrease property taxes and maximize profitability! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Assessor Fritz Kaegi & CIC President Stacie Young, Cook County Assessor’s Office & Community Investment Corporation (CIC) Link: Assessor's Affordable Housing Programs Webpage Link: Assessor's Affordable Housing Email for Questions Link: Erik Harmon - Assessor's Director of Commercial Outreach Link: John McDonnell - Assessor's Director of Multifamily Development Link: CIC Team Link: The Power Broker (Book Recommendation) Link: The Whalebone Theatre (Book Recommendation) Link: SUCI Ep 151 - Assessor Kaegi Link: SUCI Ep 94 - Stacie Young ----------------- Guest Questions 03:10 Housing Provider Tip: Don’t forget to appeal your property taxes! 05:09 Intro to our guests, Assessor Fritz Kaegi and Stacie Young! 05:47 How are properties assessed for tax purposes in Cook County and Illinois? 09:22 History of the Class 9 Program! 15:00 Who can benefit from the Affordable Housing Special Assessment Program? 21:58 Requirements and process to qualify for the program. 33:19 Interest levels in the program. 36:41 How to stay in compliance once in the program? 39:35 What’s next for CIC and the Assessor’s Office? 43:56 What is Assessor Kaegi’s and Stacie’s competitive advantage? 46:31 One piece of advice for new investors. 49:31 What do you do for fun? 50:24 Good book, podcast, or self development activity that you would recommend? 52:04 Local Network Recommendation? 54:33 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 238: Dissecting 20 Years of Real Estate and Lending Experience; Mike Facchini’s Journey to a Thriving Portfolio in Chicago 1:01:00
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Mike Facchini of Fairway Mortgage is a Mortgage Lender and Investor with over 20 years of real estate experience! Mike starts with insights on the real estate environment leading up to the Housing Crash and compares it to today’s market! He drops golden nuggets on indicators by the lending industry that precede and foreshadow what is to come in the economy. Mike shares his investment strategy and his geographical areas of focus centered around neighborhoods with high quality properties and tenants! Throughout the show, Mike emphasizes the importance of getting in the game and time being your biggest asset when it comes to real estate investing and building wealth! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Mike Facchini, Fairway Mortgage ----------------- Guest Questions 04:29 Keep up with property maintenance to avoid negative attention! 06:38 Intro to our guest, Mike Facchini! 09:22 Real Estate before and leading up to the Housing Crash! 16:05 Mike’s experience with bridge loans. 17:39 Tenant horror stories! 22:33 Lending environment now vs pre-crash. 24:43 Mike’s investment strategy! 27:18 Neighborhoods Mike is focusing on! 36:36 Talking New Construction. 44:31 Financing options to create opportunities. 54:13 What is Mike’s competitive advantage? 54:48 One piece of advice for new investors. 56:02 What do you do for fun? 56:25 Good book, podcast, or self development activity that you would recommend? 57:00 Local Network Recommendation? 57:54 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 237: Mastering the Maze: 5 Savvy Tactics to Conquer the High-Interest rate, Low-Inventory Real Estate Market with Perry Farella 15:03
How do you navigate a low inventory & higher interest rate environment? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Perry Farella , First Community Mortgage ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 236: Grinding and Unlocking Success in Chicago’s West Town Neighborhood with Alex Morsch 1:00:31
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Alex Morsch of Peak Realty is a Commercial Broker and Investor with vast experience in repositioning assets in West Town. Alex starts by discussing the grind of being a leasing agent and transitioning to brokering real estate! He lays out his experience walking 100 buildings prior to making his first purchase and the valuable lessons gained through that process. Alex breaks down how his “nose to the ground” approach to investment property acquisition has allowed him to add immense value to his clients and succeed as a broker. He also drops wisdom on house hacking, the West Town neighborhood, and creating opportunities in a tight inventory market. Alex closes with a bullish 5 year outlook on Chicago Real Estate! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Alex Morsch, Peak Realty Link: Alex's Instagram Link: Rich Anselmo (Network Referral) ----------------- Guest Questions 02:24 Housing Provider Tip: Check the faucet aerator when troubleshooting low water pressure! 03:56 Intro to our guest, Alex Morsch! 07:33 The grind of being a leasing agent. 12:52 Transitioning from leasing to a commercial broker! 16:30 Walking properties to gain experience. 26:38 Alex’s first investment! 37:57 The reality of House Hacking. 42:25 Breaking down the West Town neighborhood! 49:10 Finding deals and creating opportunities. 54:27 Alex’s 5 year outlook on Chicago Real Estate! 55:18 What is Alex’s competitive advantage? 55:35 One piece of advice for new investors. 55:53 What do you do for fun? 56:12 Good book, podcast, or self development activity that you would recommend? 57:05 Local Network Recommendation? 57:35 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 235: Exploring Portage Park; An Interview With Special Guest and Straight Up Chicago Investor Podcast Co-Host Tom Shallcross 56:58
Mark is flying solo as co-host this week as he interviews a very special guest; flipper, investor, and fellow SUCI podcast co-host Tom Shallcross! Mark takes a different spin to start the show by asking Tom about his childhood and upbringing in Portage Park! Tom talks about the differences between Jefferson and Portage Park. Tom breaks down Portage Park at a street-level including the lesser and more desirable pockets, rents and property values, and schools in the neighborhood! To close the show, Tom shares powerful words on committing to succeeding in real estate and encourages listeners to leverage all the SUCI resources that he and Mark have put out! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Tom Shallcross, Straight Up Chicago Investor Link: The Road Less Stupid (Book Recommendation) Link: The Ruthless Elimination of Hurry (Book Recommendation) Link: Chicago's ADU Ordinance - What Investors Need to Know ----------------- Guest Questions 01:00 Housing Provider Tip: Ensure you’re adding sewer backup to your insurance policy. 02:51 Intro to our guest, Tom Shallcross! 04:02 What was young Tom like? 10:58 Portage Park vs Jefferson Park. 12:01 Breaking down Portage Park! 21:04 The original Six Corners! 28:14 Schools in Portage Park. 29:40 Tom’s investment strategy. 35:32 Price points in Portage Park. 37:42 Opportunities for Additional Dwelling Units (ADUs)! 41:53 Rent Values in Portage Park. 49:29 What is Tom’s competitive advantage? 50:07 One piece of advice for new investors. 50:16 What do you do for fun? 51:40 Good book, podcast, or self development activity that you would recommend? 53:01 Local Network Recommendation? 53:51 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
What are successful investors doing to make deals happen in the current investor? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Eric Workman, Renovo Financial Link:
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Straight Up Chicago Investor

1 Episode 233: Navigating Chicago's North Side: Insights from Commercial Real Estate Expert Alan Goldberg 1:00:18
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Introduction: Meet Alan Goldberg, a titan in the Chicago real estate scene, with a career spanning decades. Alan's journey began in the late 70s when he made his very first deal in the world of real estate. Prospecting and Generating Business: Alan sheds light on his early days and discusses the importance of prospecting to drive business growth. Learn how Alan's proactive approach to seeking out potential clients and opportunities helped him build a successful real estate career. Tackling Tough Real Estate Market Cycles: Over the years, Alan has weathered through various market cycles and shares his insights on the toughest ones in the last 50 years. Discover how he navigated through challenging times and the lessons learned from overcoming difficult markets. Transformations in Rogers Park, Uptown, and Surrounding Neighborhoods: Alan takes a deep dive into the history of neighborhoods like Rogers Park, Uptown, and more, shedding light on their significant transformations over the years. Gain valuable insights into the potential for investment in these evolving areas. A Bullish Outlook on the Future: Looking ahead, Alan shares his optimistic outlook for the commercial real estate market in Chicago's North Side. Learn about the factors driving this bullish sentiment and the opportunities that lie ahead. The Power of Real Estate as an Investment Vehicle: Throughout the episode, Alan emphasizes the potency of real estate as an investment vehicle. Gain valuable knowledge on how real estate can build wealth over time and why it remains a compelling option for investors. Time Is Your Biggest Asset: Alan hammers home the importance of patience and strategic decision-making in real estate investing. Explore why "time is your biggest asset" and how to harness it to maximize your real estate investments. Conclusion: We'd like to extend our heartfelt thanks to Alan Goldberg for sharing his invaluable experiences and insights with us today. Don't forget to subscribe to Real Estate Uncovered for more episodes featuring experts and thought leaders in the real estate industry. If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Alan Goldberg , Alan Goldberg Real Estate LLC Link: NBOA / Mike Glasser (Network Referral) Link: Glenwood Ave Arts Fest Link: Rogers Park Builders Group ----------------- Guest Questions 02:30 Housing Provider Tip: Ensure you’re getting warranty and all issues fixed when buying new construction. 04:33 Intro to our guest, Alan Goldberg! 06:26 Alan’s start in real estate! 10:09 Alan talks about his first deal! 21:03 How did Alan establish his area of focus? 25:01 Areas that have drastically improved since the 70s. 27:12 What were rehabs like in the 70s? 33:30 Toughest stretch in real estate since the 70s! 36:37 Adjusting in a tough market. 48:27 Did Alan ever question being a real estate agent? 50:55 Outlook on Rogers Park, Uptown, and surrounding Neighborhoods. 52:56 What is Alan’s competitive advantage? 54:02 One piece of advice for new investors. 54:20 What do you do for fun? 56:25 Good book, podcast, or self development activity that you would recommend? 57:24 Local Network Recommendation? 57:47 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

Jerry Ettinger of Ettinger Realty joins us to share jewels of wisdom accumulated over roughly 50 years in the real estate industry! Jerry kicks off with how he transitioned from being a teacher to real estate agent back in the 70s! He talks about Rogers Park and other North Side Neighborhoods and how they have changed over the years. Jerry shifts south and talks about his investments in Hyde Park! Jerry closes with neighborhoods he believes are primed for growth and emphasizes the power of buy and hold real estate; particularly impactful coming from a true real estate veteran! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Jerry Ettinger, Ettinger Realty Link: Build (Book Recommendation) Link: Powerhouse Principles (Book Recommendation) Link: NBOA / Mike Glasser (Network Referral) Link: Albany Bank (Network Referral) ----------------- Guest Questions 02:28 Housing Provider Tip: Ensure common area windows have screens to protect all parties! 04:15 Intro to our guest, Jerry Ettinger! 05:00 Jerry’s start in real estate! 10:51 Commercial real estate in the 70s! 15:04 Rogers Park back in the 70s and 80s! 19:31 Looking back at other north side neighborhoods. 27:14 Being a Housing Provider: Then vs Now! 28:42 Jerry’s advice to young investors! 31:06 How did Jerry end up investing in Hyde Park! 35:33 Chicago Neighborhoods that Jerry is bullish on! 37:00 What is Jerry’s competitive advantage? 37:20 One piece of advice for new investors. 37:44 What do you do for fun? 39:01 Good book, podcast, or self development activity that you would recommend? 40:09 Local Network Recommendation? 40:56 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

What proactive maintenance should I be doing to my building? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests:
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Straight Up Chicago Investor

1 Episode 230: How Interning for Brandon Turner Helped BrightInvestor's Co-Founder Drew McCluskey Revolutionize Market Research 55:01
Drew McCluskey is an active real estate investor, previous intern of BiggerPockets’ Brandon Turner, and Co-Founder of BrightInvestor; a data visualization software helping investors streamline market research! Drew leads off with a horror story on his first deal; a rehab on a 4-unit building! He jumps into how he leveraged the opportunity to meet and provide value to Brandon Turner which led to an internship under the BiggerPockets legend. Drew discusses the creation and power of BrightInvestor; a data software that allows real estate investors to pull building permit info, crime stats, and other data to identify emerging markets! This episode is proof that taking action and providing value to others opens tremendous opportunities that can be life changing! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Drew McCluskey, BrightInvestor Link: Drew's Instagram Link: Tyler Madden Instagram (Network Referral) Link: Zosia Madden Instagram (Network Referral) Link: Rejection Proof (Book Recommendation) ----------------- Guest Questions 03:53 Housing Provider Tip: Understand risks with accepting credit cards for rent payments! 06:41 Intro to our guest, Drew McCluskey! 07:22 Drew’s start in real estate! 15:02 Bouncing back from a rough start in real estate. 19:27 Exchanging value with BiggerPockets’ Brandon Turner! 26:08 Drew’s internship under Brandon Turner! 34:44 The development of BrightInvestor! 43:46 Value that BrightInvestor brings to local investors. 48:30 What is Drew’s competitive advantage? 49:03 One piece of advice for new investors. 49:51 What do you do for fun? 50:20 Good book, podcast, or self development activity that you would recommend? 51:10 Local Network Recommendation? 51:55 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 229: From Roofing to Real Estate: Ivan and Jackie Hernandez's Journey to Success in Chicago's Southwest Side 57:24
Ivan and Jackie Hernandez discuss their journey from a thriving roofing business to a real estate portfolio on Chicago’s Southwest side! Ivan and Jackie lead off with their start in the entrepreneurial realm and how they started their roofing business. They discuss starting their real estate investing in Englewood and expanding further west into Gage Park, Brighton Park, and Marquette Park. They dive deep into screening tenants, scaling, and lessons learned during their investing journey. Ivan and Jackie with powerful words on the Southwest Housing Provider’s Group and their mission to be a resource to investors in the area! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guests: Ivan and Jackie Hernandez of Roofing by Hernandez & Southwest Housing Provider’s Group Link: SUCI Ep 171 - Sonia Del Real Link: Everything Is Figureoutable (Book Recommendation) Link: Crushing It in Apartments and Commercial Real Estate (Book Recommendation) Link: Joe Kroc with FNBC Bank (Network Referral) Link: Roofing By Hernandez (Facebook Page) ----------------- Guest Questions 03:30 Housing Provider Tip: Ensure sewer lines and drains are clear! 04:34 Intro to our guests, Ivan and Jackie! 09:21 Starting a roofing business and other entrepreneurial ideas! 13:30 Early struggles in the roofing business. 17:09 Discussing the first rehab in Englewood! 23:12 Choosing the neighborhood(s) to invest in. 27:47 Lessons learned the hard way in C/D class neighborhoods! 31:02 Automating and creating systems. 32:54 Tenant screening in C/D class neighborhoods! 37:37 Discussing the Southwest Housing Provider’s Group. 49:54 What is Ivan’s and Jackie’s competitive advantage? 50:09 One piece of advice for new investors. 51:16 What do you do for fun? 51:48 Good book, podcast, or self development activity that you would recommend? 52:36 Local Network Recommendation? 53:33 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

What is the future of rent control in Illinois and what are the implications based on rent control from other cities? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Mike Baker & Mike Hagensen | New Era Chicago | NBOAChicago Link: Why Rent Control Doesn’t Work - Freakonomics Link: Vacant, Rent-Stabilized and Locked Up: NYC’s Ghost Apartments Sponsors: Midwest RE Networking Summit and Essex Realty Group ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

Ignacio Gonzalez joins us to explain everything you need to know about the neighborhood he was born and raised in, and currently invests in; Back of the Yards! Ignacio jumps right in by explaining how he started investing in the neighborhood and defines its geographical borders. He shares lessons learned from his first (over budget and over schedule) rehab project and other large gut renovations that he’s taken on. He provides insight on the explosive growth of property and rent values along with his forecast of Back of the Yards’ trajectory. Throughout the show, Ignacio emphasizes the importance of knowing your community and the satisfaction that comes with being a contributing member to a community’s growth! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Ignacio Gonzalez, Beyond Legacy Homes Link: SUCI Ep 202 - Ben Sussman Link: Living with the Monks (Book Recommendation) Link: Beyond Legacy Website Link: Beyond Legacy Instagram Link: Dream Catcher Cafe Website Sponsors: Midwest RE Networking Summit and Essex Realty Group ----------------- Guest Questions 03:08 Housing Provider Tip: Be mindful of tenant notice requirements and plan accordingly! 05:28 Intro to our guest, Ignacio Gonzalez! 06:17 How did Ignacio get started in Back of the Yards? 08:17 What are the borders of the Back of the Yards neighborhood? 10:55 Ignacio discusses his return to Back of the Yards! 18:30 What motivated Ignacio to keep going after his rocky first project? 24:27 Ignacio discusses rent growth in Back of the Yards! 28:34 Lessons learned from large rehab jobs. 38:38 How is Ignacio influencing his peers to invest in Back of the Yards? 40:25 Ignacio discusses his upcoming coffee shop! 44:15 What is Ignacio's competitive advantage? 44:40 One piece of advice for new investors. 45:05 What do you do for fun? 45:32 Good book, podcast, or self-development activity that you would recommend? 46:24 Local Network Recommendation? 47:04 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

Interested in investing near a Chicagoland University to provide student housing?! Harrison Cohen joins us to share how he’s built his portfolio using this model! Harrison explains why he decided to focus on student housing and the nuances of student housing near different universities, including University of Chicago, UIC, DePaul, and Loyola. Harrison dives deep on the leasing process and how it differs from leasing to market tenants. Lastly, he shares lessons learned from student housing investments including underwriting tips and advice on pivoting when things don’t go as planned! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Harrison Cohen, Triton Realty Group Link: SUCI Ep 22 - Matt Fritzshall Link: Crushing It in Apartments and Commercial Real Estate (Book Recommendation) Link: Chris Titcomb (Attorney) Sponsors: Midwest RE Networking Summit and Essex Realty Group ----------------- Guest Questions 04:07 Housing Provider Tip: Be mindful of incorrect tax exemptions being applied to your property! 06:25 Intro to our guest, Harrison Cohen! 07:07 Why focus on student housing? 09:38 How is student housing different from standard rentals? 11:38 Harrison discusses housing for University of Chicago students! 20:20 Harrison talks about student housing near UIC! 26:41 How to succeed with student housing near DePaul University? 29:13 Are there investment opportunities near Loyola University? 30:38 Harrison gets granular on the leasing process for student housing! 38:45 Does the Chicago RLTO apply to student housing? 48:00 What is Harrison's competitive advantage? 48:24 One piece of advice for new investors. 49:00 What do you do for fun? 49:40 Good book, podcast, or self development activity that you would recommend? 51:25 Local Network Recommendation? 51:57 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

What should I expect when I hire a contractor for my first remodel? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Matthew Nosal, NEGC Remodeling ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 209: Building a Portfolio with New Construction Rentals, STRs, and MTRs with Chicago REIA’s Andrew Holmes 57:05
Do short term, mid term, and new construction rentals interest you?! Andrew Holmes provides great insight on how he’s been utilizing all of these investment vehicles to grow his portfolio! Andrew kicks things off by discussing the differences between today’s real estate market and the 2012 market when he got started in real estate. He transitions into the new construction development that he and his group have been working on in Florida. Andrew explains how he’s been able to explode his cash-flow with short term and mid term rentals while remaining conservative in the underwriting of those investments. He closes with his thoughts on today’s interest rate environment, the opportunities that those rates are providing, and provides a 5 year outlook for things he and his team will accomplish! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Andrew Holmes, Chicago REIA Link: SUCI Ep 50 - Andrew's Last SUCI Episode Link: SUCI Ep 62 - Farrah Ali Link: Diaries of a Female Real Estate Investor (Book Recommendation) Link: PetScreening.com Sponsors: Midwest RE Networking Summit and Essex Realty Group ----------------- Guest Questions 03:31 Housing Provider Tip: Utilize pet screening software to prevent scammers from getting away with false pet certificates! 06:07 Intro to our guest, Andrew Holmes! 08:45 Differences between the 2012 and 2023 real estate market! 11:25 What has Andrew been working on since he was last on the show in 2021? 17:19 Andrew discusses lessons learned from building new construction homes in Florida! 24:23 Andrew talks about investing in Short Term and Mid Term Rentals! 39:05 How can you tell if a market has strong demand for STRs or MTRs? 44:40 Andrew talks about interest rates in today’s market! 47:19 What do the next 5 years look like for Andrew and his group? 50:54 What is Andrew's competitive advantage? 51:17 One piece of advice for new investors. 51:34 What do you do for fun? 51:42 Good book, podcast, or self-development activity that you would recommend? 53:07 Local Network Recommendation? 53:59 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

Interested in investing in Chicago’s Bucktown neighborhood, but wondering if you’re too late to the party?! Jason Stratton joins us to provide his perspective as a seasoned realtor, investor, and resident of the neighborhood. Jason starts by sharing what attracted him to Bucktown and his first deal. He defines the street borders of Bucktown, the amazing attributes of the neighborhood, and shares how he’s finding deal flow in today’s market. Adjacent neighborhood Wicker Park is discussed including the implications of owning a landmark property. Jason shares golden input on other emerging neighborhoods that he’s bullish on and his rationale behind those beliefs. He closes with empowering words on the Chicago Real Estate market and on the mindset investors should cultivate to be successful! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jason Stratton, The KlopasStratton Team Link: Extreme Ownership (Book Recommendation) Link: Seth Kaplan (Attorney) Link: Jeff Swanberg (Inspector) Link: KlopasStratton Podcast ----------------- Guest Questions 03:00 Housing Provider Tip: Leverage keyless entry locks to make access easier! 05:12 Intro to our guest, Jason Stratton! 09:58 Jason discusses his first real estate deal! 17:30 What are the borders of Bucktown? 19:19 How is Jason finding deals in the small neighborhood of Bucktown? 23:25 Jason talks about Wicker Park! 30:21 Other North Side Neighborhoods with a ton of potential! 35:52 Jason gives his outlook on the Chicago Real Estate Market. 38:22 What is Jason's competitive advantage? 38:48 One piece of advice for new investors. 39:48 What do you do for fun? 41:57 Good book, podcast, or self development activity that you would recommend? 43:43 Local Network Recommendation? 44:46 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

What must an investor consider when planning to work with a contractor? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Matthew Nosal, NEGC Remodeling ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 206: Finding a Niche in Chicago New Construction Developments with Prashanth Mahakali and Fernando Lopez 1:01:40
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Prashanth Mahakali returns to the SUCI Podcast (Episode 21) with his business partner Fernando Lopez to discuss all things related to New Construction Builds. Prashanth and Fernando discuss the formation of their partnership and their complementary skill sets. They explain how they’ve made the new construction design and development business model profitable. They dive deep on the level of customization they offer and share challenges they’ve faced when dealing with buyers. The duo tells us what areas and neighborhoods they are bullish on and planning new developments in! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Prashanth Mahakali and Fernando Lopez, Real View Design & Development Link: SUCI Ep 21 (Prashanth's Last Episode) Link: Alex Hormozi AI Video Link: Indistractable (Book Recommendation) Link: Darpet (Doors and Trim Vendor) Link: Hillside Lumber (Lumber Vendor) ----------------- Guest Questions 02:12 Housing Provider Tip: Change door locks between turnovers! 05:25 Intro to our guests, Prashanth Mahakali and Fernando Lopez! 07:36 Prashanth and Fernando discuss the formation of their partnership and their first deal together! 19:38 How to be profitable building new construction homes. 27:44 How custom are these new construction homes? 33:53 Prashanth and Fernando share challenges they’ve faced! 43:24 Software and/or Practices for tracking buyer customization. 44:55 What neighborhoods are Prashanth and Fernando focusing on? 51:38 The impact of interest rates on new construction home pricing. 53:03 What is Prashanth’s and Fernando's competitive advantage? 54:07 One piece of advice for new investors. 55:19 What do you do for fun? 56:57 Good book, podcast, or self development activity that you would recommend? 57:41 Local Network Recommendation? 58:33 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

Nick Chaplain joins us to explain how real estate investors can leverage life insurance policies to “Be Your Own Bank”. He jumps right into leveraging policies and building cash value as collateral for other investment opportunities. Nick explains how the wealthy take advantage of these strategies and their significant tax benefits. Mark also chimes in on how he has utilized this to help pay for his children’s college! Tune in if you're interested in learning more about nuanced strategies to grow your net worth! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Nick Chaplain, Boston Cash Flow Financial Link: The Power of Zero (Book Recommendation) Link: Confessions of a CPA (Book Recommendation) Link: The Snowball (Book Recommendation) Link: Ash Wasilidas (Network Referral) ----------------- Guest Questions 04:00 Housing Provider Tip: Listen to the first 50 SUCI episodes! 05:30 Intro to our guest, Nick Chaplain! 08:06 The “Be Your Own Bank” Strategy! 09:27 Nick explains “compounding money”! 21:55 Different Types of Life Insurance Policies. 28:00 Mark shares his scenario of leveraging his Life Insurance Policy! 39:05 Strategies to Pay for the Annual Premium! 43:57 What is Nick's competitive advantage? 45:40 One piece of advice for new investors. 46:30 What do you do for fun? 46:55 Good book, podcast, or self development activity that you would recommend? 47:54 Local Network Recommendation? 48:08 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 204: Public Relations 101 - What to Say if a Reporter Contacts You Regarding Your Building 14:09
An incident happened at my building and now a reporter has reached out. How should I respond? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Myk Snider of Sphere Public Relations ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 203: From An Immigrant with $100 To His Name, To a Successful Investor With a 30-Unit Portfolio Across Chicago with Catalin Maticiuc 52:19
Catalin Maticiuc of Compass joins us to share a wonderful immigrant success story involving house hacks on the North Side and BRRRRs on the South Side of Chicago! Catalin talks about him immigrating to the United States and getting started in real estate! He speaks about the sleepless nights he had on his first house hack in Humboldt Park involving a FHA 203k loan to renovate that property. He goes on to talk about investing in Hegewisch, the adjacent neighborhoods, and why that model has worked for him. Catalin closes with motivating words on his goals and provides advice that investors of all experience levels will find useful! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Catalin Maticiuc, Compass Link: SUCI Ep 53 - CHA Roundtable Link: BRRRR Book by David Greene Link: Brandon Moulton (Renovo Financial) Link: Catalin's Instagram ----------------- Guest Questions 04:19 Housing Provider Tip: Be mindful that source of income has been added to the Fair 03:18 Housing Provider Tip: Be aware of tax filing requirements set by lenders! 05:01 Intro to our guest, Catalin Maticiuc! 06:56 Catalin talks about his start in real estate! 17:25 What did Catalin do after his first house hack in Humboldt Park? 22:04 How did Catalin start investing in Hegewisch? 33:30 How has Catalin been able to scale? 41:37 What are Catalin’s next goals? 45:34 What is Catalin's competitive advantage? 46:44 One piece of advice for new investors. 47:33 What do you do for fun? 48:08 Good book, podcast, or self development activity that you would recommend? 49:14 Local Network Recommendation? 49:45 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 202: Challenging Househacks with Sewer Lines, Evictions, and Gangs…Oh My! with Ben Sussman 1:07:47
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Interested in learning how our guest has acquired 12 doors before age 30?! Although it may sound glamorous, Ben Sussman gives us a raw breakdown of the mistakes he’s made and how he’s rebounded strongly to continue growing his real estate portfolio! Ben talks about his start in real estate and explains why he was attracted to the Belmont Cragin and Back of the Yards neighborhoods. He shares a horror story involving a broken sewer line in his first property along with lessons learned. Ben then turns up the horror level notch by discussing his second project where he inherited a gang-member tenant who threatened him with physical violence multiple times! He breaks down how he resolved the situation and how despite all the obstacles, those positives have far outweighed the negatives! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Ben Sussman, Exit Realty Link: The Almanack (Book Recommendation) Link: Retire Early with Real Estate Investing (Book Recommendation) Link: Alan Sussman (Insurance Agent Facebook) Link: Alan Sussman Link: Ben's Instagram Ben’s email: bsussman123@gmail.com ----------------- Guest Questions 04:19 Housing Provider Tip: Be mindful that source of income has been added to the Fair Housing Protected Classes and cannot be discriminated against! 07:50 Intro to our guest, Ben Sussman! 09:23 How did Ben get started in real estate? 13:28 Ben talks about the neighborhoods he started investing in and his first acquisition! 22:52 Lessons learned on Ben’s first property! 25:12 Why did Ben go from Belmont Cragin to the Back of the Yards neighborhood for this second project? 33:18 Did Ben account for the added risk when acquiring his second property in a lower-class neighborhood? 38:05 How did Ben get out of the situation with his hostile, gang-member tenant? 42:39 Ben summarizes the lessons learned on this second property! 58:16 What is Ben's competitive advantage? 59:07 One piece of advice for new investors. 59:49 What do you do for fun? 61:15 Good book, podcast, or self-development activity that you would recommend? 62:07 Local Network Recommendation? 64:08 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
What are the advantages and disadvantages of owning a property in your personal name or in an LLC? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Bibek Das of Das Law ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

WE’VE REACHED 200 EPISODES!!! Matt Feo, Jake Fugman, and Blake McCreight celebrate with us through an amazing panel discussion on all things Chicago Real Estate! Are you curious on which areas of Chicago are next to double in value? Our panel provides their opinion. Local real estate trends is another topic discussed including golden tips on desirable property characteristics that will maximize your profits! To keep things balanced and realistic, overvalued neighborhoods and Chicago’s biggest challenges are also addressed on this show. The crew closes with powerful words on why Chicago will continue to grow and attract investment - in short, we are a central hub and world class city that isn’t going anywhere! Listeners, thank you all for your continued support which has allowed us to reach this milestone!!! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Matt Feo, Blake McCreight, and Jake Fugman ----------------- Guest Questions 03:26 Housing Provider Tip: Start a podcast and create a following! 04:22 Intro to our guests: Matt Feo, Blake McCreight, and Jake Fugman! 05:46 In what Chicago neighborhood would our experts invest $3 million? 09:32 Which Chicago neighborhood has the best chance for values to double in the near future? 18:44 Our panel discusses the most overrated Chicago neighborhoods! 27:53 What are some local Chicago real estate trends? 35:13 What are the biggest concerns for Chicago over the next 5 years? 41:37 What’s the first step for new investors looking to get started? 47:41 Our panelists give suggestions to improve the SUCI podcast! 51:18 Chicago Fact time! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

Matt Menna, Managing Principal of Sterling Bay, joins us to discuss Lincoln Yards; a 53-acre mixed-use community development along the North Branch of the Chicago River! Matt kicks things off by talking about the history of the Lincoln Yards site and the process of acquiring that industrial land. He explains how Sterling Bay has been able to get input from all stakeholders on such a large scale development. Matt tells us how the 606 Trail will be positively impacted by this development and highlights the tremendous benefits that Lincoln Yards will bring to Chicago. He closes with powerful words on why Sterling Bay is bullish on Chicago and will continue development in our great city! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Matt Menna, Sterling Bay Link: Devotion (Book Recommendation) Link: Lincoln Yards Info Link: Midwest RE Networking Summit ----------------- Guest Questions 02:55 Housing Provider Tip: Have multiple exit strategies to mitigate risk on your next investment! 04:48 Intro to our guest, Matt Menna! 05:46 Matt gives the history of the Lincoln Yards location! 07:31 Matt explains the process of acquiring and aggregating the parcels! 10:15 How to get all stakeholders on the same page when planning a large scale development? 17:57 How has the community reacted to the planned Lincoln Yards development? 21:12 What is the 606 Trail and why is it relevant to Lincoln Yards? 27:15 Matt explains how it’s been working with the City of Chicago! 32:06 How does the Fulton Market development relate to Lincoln Yards? 35:02 Did the pandemic cause any adjustments to be made during the planning of Lincoln Yards? 39:03 What benefits will Lincoln Yards bring to Chicago? 43:05 Why is Matt bullish on Chicago? 48:02 What is Matt's competitive advantage? 48:48 One piece of advice for new investors. 49:50 What do you do for fun? 50:15 Good book, podcast, or self development activity that you would recommend? 50:48 Local Network Recommendation? 51:52 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 198: 2023 Tax Strategies for Chicagoland Real Estate Investors with Michael Procaccio 52:25
It’s that time of the year again - tax season is upon us! Michael Procaccio, a tax advisor and Chicagoland investor, joins us to provide insight on optimal tax planning to increase your bottom line! Michael starts by explaining how he got into investing in franchises and kicked off his accounting career! He talks about the latest updates to the tax code and how investors can take advantage. Michael dives deep into the frequently missed deductions and mistakes that investors make. He breaks down the different tax statuses that can be held and addresses rapid fire tax questions from Tom and Mark! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Michael Procaccio, Pro Financial Services Group, Inc. Link: Chicago's Prohibited Buildings List Link: Susan Camiliere (Real Estate Agent Recommendation) Link: Dave Schlueter (Attorney Recommendation) Link: Rick Tayfel (Lender Recommendation) Link: The Wealthy Gardner (Book Recommendation) ----------------- Guest Questions 02:43 Housing Provider Tip: Utilize Chicago’s Prohibited Buildings List for due diligence on short term rentals! 04:32 Intro to our guest, Michael Procaccio! 06:22 What attracted Michael to investing in franchises? 08:37 What advice would Michael give to someone new to franchise investing? 10:17 Why did Michael get into accounting? 12:12 What is new this year from an income tax perspective? 13:56 Michael explains tax changes relating to third payment softwares! 16:53 What are some commonly forgotten deductions by smaller scale landlords? 19:12 Michael explains the different types of tax statuses! 32:14 Tom asks Mike a series of tax related questions! 37:29 What are some other frequently missed tax items? 42:23 Are there new tax incentives for 2023? 45:27 What is Michael's competitive advantage? 46:03 One piece of advice for new investors. 47:04 What do you do for fun? 48:10 Good book, podcast, or self development activity that you would recommend? 49:05 Local Network Recommendation? 49:42 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

What are the four main mistakes investors make when underwriting multifamily deals? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Mike Morawski, My Core Intentions ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 196: Going A-to-Z on a Sight Unseen Purchase and Gut Renovation in Cicero with John Warren 1:01:53
1:01:53
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John kicks things off by talking about underwriting, estimating rehab costs, and formulating the offer to purchase a multifamily building sight unseen. He explains Cicero point of sale inspection and the negotiation process. John then talks about the initial management and dealing with tenants involved in drugs and other criminal activity. Managing a blown rehab budget is another topic of discussion and John tells us how he handled it. This show is full of lessons learned on a heavy rehab of a tenant occupied building - take notes so you don’t make the same mistakes! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: John Warren of Forte Properties Link: The Four Hour Workweek (Book Recommendation) Link: Tools of Titans (Book Recommendation) ----------------- Guest Questions 03:03 Housing Provider Tip: Be proactive about preventing frozen pipes during frigid Chicago Winters! 06:21 Intro to our guest, John Warren! 07:45 John introduces the deal that will be discussed on this show! 13:20 John talks about Cicero’s point of sale inspection! 14:07 How do you calculate the rehab on a sight-unseen project? 26:29 What were the next steps after receiving the inspection report and closing on the property? 33:31 John talks about the initial management after closing on the property! 42:10 Why does Cicero outsource certain inspections? 43:24 Where did the additional rehab funds come from and what was the project’s planned time frame? 51:11 Any lessons learned from the leasing process? 52:50 John talks about resolving the pest control issues. 58:42 Good book that you would recommend? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 195: Building $300k in Networth through House Hacking (And Listening To The Straight Up Chicago Investor Podcast 😁) with Victoria Barkate 46:25
Victoria Barkate joins us to discuss how she has quickly scaled her rental property portfolio as a W2 employee! Victoria starts by explaining her decision to move to Chicago specifically to invest in real estate. She talks about how she decided which neighborhoods to invest in and how she has utilized partnerships to scale. She dives into the ins-and-outs of her first couple house hacks including things that went well and challenges she faced. Victoria shares how she has learned to find off-market properties and how investors can take the low-inventory issue into their own hands. Throughout the show, Victoria emphasizes the importance of partnerships and building your network and demonstrates that putting in the work to learn investing can really pay off quickly! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Victoria Barkate, Accenture Link: Mark's BP Blog on Tenant Scammers Link: SUCI Ep 51 - John Westbrook Link: SUCI Ep 138 - Mike Scanlon Link: Managing by the Numbers (Book Recommendation) Link: SUCI House Hacking Calculator Brandon Smrz (Plumber Referral): 630-290-9238 ----------------- Guest Questions 02:50 Housing Provider Tip: Be empathetic when interacting with tenants! 05:07 Intro to our guest, Victoria Barkate! 05:54 What attracted Victoria to Chicago’s real estate market? 08:36 How did Victoria determine areas/neighborhoods to focus on? 10:32 Victoria talks about her first househack! 15:30 Victoria discusses her second acquisition! 19:05 How did Victoria learn to find off-market properties? 28:26 Victoria shares her tenant horror story! 36:36 What is next for Victoria? 38:54 How has Victoria been able to learn and scale so quickly? Wrap Up Questions 40:37 What is Victoria's competitive advantage? 41:01 One piece of advice for new investors. 41:21 What do you do for fun? 41:51 Good book, podcast, or self development activity that you would recommend? 43:10 Local Network Recommendation? 53:27 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
What do I need to know when fixing or building a garage in Chicago? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Vince Sliwa, A-Windy City Garage Corporation ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

1 Episode 193: The 2023 Guide to The Chicago Eviction Process with Jessica Ryan 1:05:08
1:05:08
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Jessica Ryan, Head of KSN’s Landlord/Tenant Department, joins us to educate Chicago Landlords on the eviction process and best practices! Jessica begins by explaining the first step in the process; properly serving a 5-day notice. She talks about utilizing process servers for notices and summarizes the filing fees associated with an eviction. Jessica then gives a detailed breakdown of the phases of an eviction including time frames that can be expected. It’s never fun to have to go through this, but in the event you have to evict a tenant in Chicago, this show will be a tremendous resource to help you minimize your headaches and costs! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jessica Ryan, Head of KSN’s Landlord/Tenant Department Link: SUCI Ep 143 - Jessica Ryan's First Episode Link: Chicago Real Estate Investor Meetups ----------------- Guest Questions 01:14 Housing Provider Tip: Safety precautions to take when encountering squatters in vacant properties! 07:10 Intro to our guest, Jessica Ryan! 09:03 What are the best practices for serving notices to non-paying tenants? 11:07 Jessica explains a 5-day notice! 21:59 What are Jessica’s thoughts on utilizing process servers for notices? 24:38 What happens after the 5-day notice? 28:38 Jessica summarizes the filing fees for an eviction. 33:04 Jessica breaks down the phases of the eviction process! 48:29 What's the difference between possession and judgment? 52:00 What’s the approximate time frame from placing an eviction order to when the sheriff shows up? 54:04 How should landlords handle tenants during the eviction process? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

Nick Yassan, President of Rany Management, grew up in a family of real estate investors and has been instrumental to growing his company’s real estate portfolio! Nick begins by explaining how he was involved in real estate from an early age and the competitive advantage that it has given him. He shares what the 2008 housing crash was like and how that impacted his real estate investing. Nick jumps into his investing philosophy, particularly the quality of the finished project he provides and the neighborhoods he focuses on which include Albany Park, Lincoln Square, and Ravenswood. Building a strong team and leveraging technology to improve business operations are also topics addressed on this show! Nick closes by sharing his outlook on the 2023 real estate market and his plan to double the size of his portfolio in the coming years! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Nick Yassan, Rany Management Link: Nick Yassan's LinkedIn Link: Chicago Real Estate Investor Meetups ----------------- Guest Questions 02:06 Housing Provider Tip: Take care of your brick buildings by tuckpointing and keeping up with maintenance! 04:05 Intro to our guest, Nick Yassan! 04:52 How did Nick get started in real estate? 08:09 Nick talks about the real estate market during the housing crash of 2008! 11:17 Nick provides insight on balancing paying down debt and cash flow! 14:25 What areas did Nick start investing in and how has he migrated? 16:49 Would Nick start investing in Albany Park in 2022/2023? 20:36 Nick discusses the process of acquiring and stabilizing a storefront! 27:52 How was Nick able to scale so quickly and what would he have done differently? 31:50 How has Nick incentivized his team to perform at a high level? 33:47 How has Nick leveraged technology and other resources to more efficiently run his business? 36:09 Nick talks about having opportunities in better neighborhoods after proving himself as a serious buyer. 42:58 Nick provides his outlook on the real estate market in 2023! 44:25 What does Nick see as his biggest challenge with growing his portfolio moving forward? Wrap Up Questions 46:14 What is Nick's competitive advantage? 46:31 One piece of advice for new investors. 46:49 What do you do for fun? 47:11 Good book, podcast, or self-development activity that you would recommend? 47:27 Local Network Recommendation? 49:33 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

What goes into an insurance premium and what are some items investors should look out for? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Josh Steigelmann, State Farm Insurance Link: Investor Stories Featuring Sean Morrisey ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.…
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Straight Up Chicago Investor

Real Estate Broker, Developer, and Entrepreneur Luke Blahnik joins us to discuss his neighborhood of expertise: Logan Square! Luke knows the neighborhood block by block and outlines some of the premier streets that feature phenomenal housing stock on oversized lots. Luke elaborates on the different pockets of the neighborhood including the higher priced areas around the Boulevards and other more affordable options near the edges of Logan. Redevelopment around the Bloomingdale / 606 Trail, the associated Anti-Deconversion Ordinance, and Zoning in Logan Square are hot topics discussed during the show. Luke closes by sharing some current and upcoming developments that will keep propelling Logan Square forward! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Luke Blahnik, Flora | Blahnik @properties Link: Flora Blahnik Instagram Link: SUCI Investor Story - Luke Blahnik Link: SUCI Ep 32 - Luke Blahnik's First Episode Link: SUCI Ep 21 - Prashanth Mahakali Link: Building Science Fight Club Instagram Link: Anthony Flora (Network Recommendation) Sponsors: State Farm and Appeal.Tax ----------------- Guest Questions 02:37 Housing Provider Tip: Utilize new delivery services to manage your properties more efficiently! 04:29 Intro to our guest, Luke Blahnik! 05:18 Luke gives an overview on different pockets of the Logan Square neighborhood! 09:15 Why does the width of a property’s lot matter? 12:00 Luke talks about the growth within the different areas of Logan Square! 15:45 Where can investors get the best bang for their buck in Logan Square? 20:30 What is the history of the 606 Trail? 22:57 What is the Anti-Deconversion Ordinance around the 606 Trail? 27:30 Where did the push for Ordinance come from? 34:55 How does the extension of the 606 Trail to Lincoln Yards impact homes close to the trail in Logan Square? 36:16 Why did choose Logan Square as his real estate focus? 39:20 Why are values in prime Logan Square higher than other neighborhoods with superior schools? 43:48 Luke talks about new developments in Logan Square! Wrap Up Questions 48:50 What is Luke's competitive advantage? 49:55 One piece of advice for new investors. 50:47 What do you do for fun? 51:38 Good book, podcast, or self development activity that you would recommend? 52:35 Local Network Recommendation? 53:27 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

Rick Ofman has over six years of experience in commercial real estate and is a Director at Essex Realty Group. Rick kicks things off by defining underwriting and associated terminology. He provides a thorough breakdown of income, expenses, and necessary assumptions. Rick shares insight on forecasting variables such as rehab costs, rent increases, and tax increases to name a few. He explains some valuation terms such as gross rent multiplier (GRM) and cap rate and the impact that interest rates have on these metrics. Rick closes with a bullish outlook on projected rent growth in Chicago and emphasizes the importance of teaming up with a broker that is transparent and has your best interest in mind! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Rick Ofman, Essex Realty Group Link: And Then We Had Kids (Podcast Recommendation) Link: Matt Cohen (Network Recommendation) Sponsors: State Farm and Essex Realty Group ----------------- Guest Questions 04:40 Housing Provider Tip: Consider hiring a process server to best utilize your time! 07:34 Intro to our guest, Rick Ofman! 09:24 What is the definition of underwriting? 10:54 Rick discusses making assumptions and explains other variables during underwriting! 19:54 How are expenses underwritten? 23:18 What are some additional underwriting considerations when evaluating C/D class properties? 23:57 Rick explains “hard” and “soft” costs! 32:37 How can buyers accurately determine utility costs? 34:34 What is the next step in underwriting after determining income and expenses? 46:09 How have rental “seasons” varied over recent years in Chicago? 50:02 How is Rick forecasting expense increases for buyers/owners? Wrap Up Questions 52:42 What is Rick’s competitive advantage? 54:02 One piece of advice for new investors. 54:26 What do you do for fun? 54:34 Good book, podcast, or self development activity that you would recommend? 55:30 Local Network Recommendation? 55:50 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 188: Forewarn - A Powerful Tool to Validate Personal Information and Criminal History (and it's free for most Chicago agents!) 13:14
What is Forewarn? How does it benefit agents and housing providers and how can I utilize the tool? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Megyn Christensen, Forewarn ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 187: Department of Housing Commissioner Marisa Novara; Moving Chicago Forward 1:03:34
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Marisa Novara was appointed as Commissioner of the Department of Housing (DOH) in 2019 and has since led the creation of policies to promote equitably distributed affordable housing across the City. Commissioner Novara starts by explaining the purpose of the DOH. She dives deep on a fascinating study on segregation across the City that her team conducted. She speaks to the results of the segregation study and how her team is utilizing the findings to create policies that promote affordable housing development. The Commissioner explains how the Affordable Requirements Ordinance (ARO) and Additional Dwelling Units (ADU) Ordinance are also tools that the DOH is utilizing to combat the affordable housing issues. Commissioner Novara closes with powerful words on the importance of making your voice heard to address these issues within your community! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Commissioner Marisa Novara of the City of Chicago Department of Housing Link: Affordable Requirements Ordinance (ARO) Link: Additional Dwelling Units (ADU) Ordinance Link: City-owned Vacant Land for Sale Link: SUCI Ep 38 - Cook County Land Bank Link: How to Meet Yourself (Book Recommendation) Sponsors: Pentwater Cabinetry and Appeal.Tax ----------------- Guest Questions 04:00 Housing Provider Tip: Understand how legal notices work! 05:54 Intro to our guest, Commissioner Marisa Novara of the Chicago Department of Housing (DOH)! 07:05 Commissioner Novara explains the origin and purpose of the Chicago Department of Housing! 10:30 Commissioner Novara talks about the segregation study her team conducted? 15:35 How was Commissioner Novara’s team able to perform a study on such a complex topic? 19:47 How were the findings of the study quantified? 26:33 How were the findings of the study received? 27:40 Where does Commissioner Novara’s passion for her work come from? 30:33 Commissioner Novara discusses the Affordable Requirements Ordinance (ARO) and its challenges! 39:04 Commissioner Novara explains the Additional Dwelling Units (ADU) Ordinance! 44:32 What are some things happening behind the scenes at the DOH? 49:00 Commissioner Novara talks about Tiny Homes and affordable housing communities in general! Wrap Up Questions 53:37 What is Commissioner Novara’s competitive advantage? 55:13 One piece of advice for new investors. 56:22 What do you do for fun? 57:26 Good book, podcast, or self-development activity that you would recommend? 58:37 Local Network Recommendation? 59:30 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 186: CEO Scott Trench Pulls Back The Curtain at BiggerPockets 1:09:15
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At the age of 32 years old, Scott Trench has already become CEO of BiggerPockets, and his contributions have helped countless investors build wealth. Scott discusses meeting Josh Dorkin and the early start-up days at BiggerPockets (BP). He speaks to BP’s rapid growth, challenges along the way, and of course, BP’s loyal customer base. Scott fills us in on BP's current vision and some potential upcoming enhancements to the platform. Inflation, interest rates, the housing market, and goal-setting/tracking systems are also among the many valuable topics discussed in this episode that you won’t want to miss! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Scott Trench, BiggerPockets Link: Scott's Instagram Link: Set For Life (Scott's Book) Link: Huberman Lab Podcast Link: The Outsiders (Book Recommendation) Link: David Greene Episode Sponsors: Essex Realty Group and Cost Seg Kev ----------------- Guest Questions 01:50 Housing Provider Tip: Don’t forget to cultivate perseverance! 03:12 Intro to our guest, Scott Trench! 03:46 Scott talks about meeting Josh Dorkin from BiggerPockets! 06:30 What were the early days like at BiggerPockets? 09:23 How has BiggerPockets created such a loyal customer base? 16:09 How has BiggerPockets managed their rapid growth? 23:46 What is the EOS system? 25:10 How many BP users go inactive after creating an account? 28:08 How has Scott grown so rapidly in his role within BP? 32:06 What motivates Scott at this stage of his career? 34:51 What can we expect from BP in the near future? 43:18 Why did Scott write Set For Life? 47:26 Scott gives his out on inflation and employment! 58:27 Scott predicts housing values in relation to interest rates! Wrap Up Questions 62:00 What is Scott’s competitive advantage? 62:30 One piece of advice for new investors. 62:54 What do you do for fun? 63:22 Good book, podcast, or self development activity that you would recommend? 64:32 Local Network Recommendation? 65:12 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

What are the new FHA limits and what do investors need to know when exploring these FHA options? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Chris Puleo, Puleo Group Link: Episode 130: Chicago Mortgage Lending in this Inflationary Environment with Chris Puleo ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 184: Overseeing $8 Billion in Real Estate Transactions with Chicago Local Collete English Dixon 56:09
Collete English Dixon has overseen over $8 Billion in real estate transactions and joins us to discuss how the industry has changed. Collete explains how large real estate transactions are different today compared to 25 years ago and discusses the impact that large institutional investors have had on the market. She breaks down the difference between large scale deals and smaller transactions. Collete talks about her transition into the education field and the value offered by her real estate programs at Roosevelt University’s College of Business. She elaborates on the variety of academic real estate offerings by her team and closes by talking about her advisory work with our friends at CIC! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Collete English Dixon, Roosevelt University - Walter E. Heller College of Business Link: CIC Chicago Link: Fifth Dimensional Leadership (Podcast Recommendation) Link: The Color of Law (Book Recommendation) Link: Stacie Young CIC (SUCI Ep 94) Sponsors: Essex Realty Group and State Farm ----------------- Guest Questions 02:30 Housing Provider Tip: Consider items required to make your flip project rent ready if necessary! 05:13 Intro to our guest, Collete English Dixon! 06:49 What attracted Collete to real estate? 08:05 How are real estate transactions different now compared to 25 years ago? 12:53 How has capital from large institutional investors impacted small investors? 14:35 What’s different about large commercial transactions when compared to smaller multifamily and/or residential transactions? 19:58 Collete shares some hiccups she’s seen in dispositions of large commercial assets! 22:35 Collete talks about investment strategies! 25:42 How did Collete transition into education? 31:00 Who should be looking into the programs at the Marshall Bennett Institute of Real Estate? 39:17 Collete talks about her role within the CIC Board! 42:12 How would Collete tackle the affordable housing issue in Chicago? Wrap Up Questions 47:55 What is Collete’s competitive advantage? 48:28 One piece of advice for new investors. 49:04 What do you do for fun? 49:45 Good book, podcast, or self-development activity that you would recommend? 51:18 Local Network Recommendation? 52:00 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

Vince begins by talking about his previous career as a rockstar manager (Styx)! He shares stories about Roseland and Humboldt Park in the 60s and 70s. Vince transitions into his journey as both a real estate broker and investor. He dives deep into the pros/cons of getting a broker’s license as an investor and the requirements to get licensed. Throughout the episode, Vince speaks to the power of real estate as a wealth generator and the importance of education! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Vince DePaul, Your House Real Estate Academy Link: Chicago Heat Ordinance Link: Frank Zappa (Network Recommendation) Sponsors: Appeal.tax and State Farm ----------------- Guest Questions 03:08 Housing Provider Tip: Provide temperature sensors to tenants to document heating and cooling issues! 06:30 Intro to our guest, Vince DePaul! 10:03 Did any of the skills Vince learned in his previous career of managing entertainers translate to real estate? 11:50 Vince talks about Roseland and surrounding neighborhoods in the 60s/70s! 17:40 What was Humboldt Park like back in the day? 18:50 How were Vince’s first couple years in real estate? 21:43 Vince talks about his journey from real estate broker to investor! 26:44 Should real estate investors get a real estate broker’s license? 33:43 What are the costs and requirements to get a real estate license? 40:30 Vince talks about his real estate school’s offerings! 42:16 What is Vince’s outlook on real estate brokers given advances in technology? Wrap Up Questions 46:36 What is Vince’s competitive advantage? 48:03 One piece of advice for new investors. 48:54 What do you do for fun? 49:33 Good book, podcast, or self development activity that you would recommend? 50:10 Local Network Recommendation? 50:57 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
What are the steps I should take to vet my Chicago contractors? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Bolanle Ogunmakin, Quality Builders Link: Straight Up Chicago Investor Episode 76 ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 181: Million Dollar Batavia 5-Flat From Networking to Closing (POV) 1:00:43
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Return guests Bibek Das, Eric Workman, and Matt LaCosse join us to discuss a 5-unit deal with a lot of hair on it! Matt (buyer on this deal) starts by talking about how our very own Mark Ainley (buyer’s agent) brought this 5-unit property in Batavia to his attention. Eric (the lender on this deal) dives into the lending aspect of this deal and the group discusses the offer formulation and negotiation process. Bibek (the buyer’s attorney) explains the meaning of appraisal waivers and “AS-IS” offers. Navigating a plumbing leak the day before closing and escrow holdbacks are also topics of discussion on this show. The episode is closed out with lessons learned from this “hairy” but ultimately amazing deal! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Bibek Das, Eric Workman, and Matt LaCosse, Das Law & Renovo Financial Link: SUCI Ep 145 - Matt LaCosse Link: SUCI Ep 17 - Bibek Das Link: SUCI Ep 19 - Eric Workman Sponsors: Appeal.tax and GC Reality ----------------- Guest Questions 04:14 Housing Provider Tip: Utilize the main water shut off valve on vacant properties to prevent plumbing issues related to cold weather. 05:55 Intro to our group of return guests: Bibek Das, Eric Workman, and Matt LaCosse! 08:15 Matt introduces the deal that will be discussed in this episode! 14:04 What happened after Matt’s initial walk through? 20:02 Matt talks about his initial conversation with the lender on this deal, Eric Workman. 22:30 Matt and Mark talk about the offer and negotiation process! 30:24 Eric weighs in on waiving an appraisal as part of an offer. 32:42 What does it mean to make an “as-is” offer? 36:23 Mark talks about the multiple PIN situation on this deal. 39:27 What did the loan structure look like on this 5-unit property? 40:43 How did the inspection and attorney review process go? 49:47 Matt talks about closing day and reflects on the deal as a whole! That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 180: From Prison to Real Estate Profits; A Transformational Chicago Journey Against All Odds with Mike Baker 44:17
From a rough upbringing to a successful REI career in Chicago, Mike Baker joins us to discuss his journey and his vast knowledge on wholesaling, flipping, and consulting. Mike begins by outlining his troubled past involving drugs, gangs, and prison. He shares some of the lessons learned in prison and the mindset shift required to get started and to succeed in real estate. Mike, Mark, and Tom share shocking stories about rehabbing in distressed neighborhoods. Mike closes by explaining how his experience gives him a competitive advantage and how he’s leveraging it to offer hourly, a la carte consulting services to investors looking for support and resources! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Mike Baker of A La Carte REI Link: Mike Baker's Blog Link: SUCI Episode 89 Link: SUCI Episode 146 Link: Michael Kevorkian (Network Referral) Link: 48 Laws of Power (Book Referral) Link: Brie Schmidt (Network Referral) Sponsors: Appeal.tax and Essex Realty Group ----------------- Guest Questions 03:23 Housing Provider Tip: Be sure you are cleaning and maintaining your fireplace! 05:40 Intro to our guest, Mike Baker! 06:50 Mike talks about his troubled past! 08:44 What did Mike learn from his time in prison that has been applicable in his real estate journey? 11:29 Mike talks about his start in real estate working for a wholesaler. 17:08 Mike shares stories about rehabbing in distressed neighborhoods! 24:05 What are some advantages of having experience in multiple facets of real estate like Mike does? 26:18 How can newer investors utilize joint-ventures and resources like A La Carte REI? 30:27 What is Mike’s motivation for starting A La Carte REI? Wrap Up Questions 37:44 What is Mike’s competitive advantage? 38:18 One piece of advice for new investors. 39:04 What do you do for fun? 39:45 Good book, podcast, or self development activity that you would recommend? 40:37 Local Network Recommendation? 41:10 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
What are my options to remove maintenance costs on smaller pieces of lawns? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: James Galvin, Chicago Lawn To Garden ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 178: Rising Rates, 2/1 Buydowns, and The Foreseeable Future of Investing and Lending with Rock Star Lender (and Drummer!) Sam Sharp 1:04:15
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Sam Sharp has over 20 years experience in the Mortgage Industry and joins us to discuss rising interest rates. Sam begins by talking about his vast experience in the mortgage industry and the lending environment during the last housing crash. He shares tips that have helped him be a top-producing loan originator and provides advice for professionals trying to build their brand. Sam gives his take on the million-dollar question: WHERE ARE RATES GOING AND IS NOW A GOOD TIME TO BUY?! He explains interest rate buy-downs as a strategy that can benefit both buyers and sellers. Sam closes by talking about his approach to investing and how it has worked out for him! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Sam Sharp, Guaranteed Rate Link: Never Split the Difference (Book Recommendation) Link: Harley Rosenthal (Network Recommendation) Sponsors: Pentwater Cabinetry and Essex Realty Group ----------------- Guest Questions 03:00 Housing Provider Tip: Be sure your floor drains are free of debris to avoid flooding! 05:12 Intro to our guest, Sam Sharp! 06:38 Sam talks about his start in real estate! 11:30 How does Sam succeed and do business with integrity in an industry where many others do not operate with integrity? 13:50 Sam talks about the lending environment during the last housing crash. 23:13 What advice would Sam give to real estate professionals trying to build their brand? 26:32 Where are interest rates going and is now a good time to buy? 36:20 Sam explains interest rate buy-downs!! 47:58 How can investors and other real estate professionals leverage rate buy-downs? 52:50 Sam talks about his investing strategy! Wrap Up Questions 56:42 What is Sam’s competitive advantage? 57:05 One piece of advice for new investors. 57:44 What do you do for fun? 58:08 Good book, podcast, or self development activity that you would recommend? 59:30 Local Network Recommendation? 60:05 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 177: How to Analyze and Buy Mixed-Use, Retail, and other Commercial Real Estate Assets in Chicago with Danny Spitz 56:54
Danny Spitz of Greenstone Partners joins us to discuss the ins and outs of investing in commercial real estate. Danny kicks things off by sharing his start in real estate with a 3-flat in Bridgeport. He explains the differences between residential and commercial properties including insight on taxes and financing those assets. Danny speaks to the types of tenants and leases on mixed-use, retail, and office spaces. Throughout the episode, Danny emphasizes the importance of building relationships as a key to success and for future opportunities! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Danny Spitz, Greenstone Partners Link: Sabrina Wottreng (Public Relations) Sponsors: Pentwater Cabinetry and Appeal.tax ----------------- Guest Questions 03:25 Housing Provider Tip: Don’t forget to winterize your water spigots! 05:00 Intro to our guest, Danny Spitz! 06:10 How did Danny get started in real estate? 08:00 Danny talks about his Bridgeport 3-flat! 10:30 How can investors successfully find a mentor? 15:37 What did Danny do after the Bridgeport 3-flat? 17:21 Danny talks about the differences between residential and commercial investments! 20:21 What are some things to consider when building out a commercial space! 26:57 How does Danny get his leases created? 28:55 How can taxes be projected on mixed-use properties? 33:30 What are some financing differences between mixed-use properties and multifamily buildings? 36:22 Danny talks about using CoStar and other similar platforms. 39:19 How has commercial real estate in Chicago changed in recent years? 46:16 What is Danny’s 5-10 year outlook on his business? Wrap Up Questions 51:24 What is Danny’s competitive advantage? 51:51 One piece of advice for new investors. 52:02 What do you do for fun? 52:15 Good book, podcast, or self development activity that you would recommend? 52:34 Local Network Recommendation? 53:05 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 176: How A Group of Relatively Unknown Investors Took Down a 64-Unit Building Without Being the Highest Offer 17:39
A real live example of how beginning investors can separate themselves against known buyers without overpaying. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Derek Kaptanoglu, Essex ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 175: SHOW ME THE INVESTMENTS!!! C&D Class Investing in Chicago’s South and West Side Neighborhoods with Corey Oliver 55:30
Corey Oliver has over 20 years of experience acquiring and repositioning multifamily buildings in Chicago’s South and West Side areas. Corey talks about his start in real estate and how he acquired his first buy and hold buildings in North Lawndale. He speaks to the struggles of investing in C/D class areas including dealing with squatters, non-paying tenants, and gang activity. Corey dives deep on specific pockets including K-Town in North Lawndale, Englewood, and Woodlawn to name a few! He emphasizes the importance of doing your due diligence including thoroughly vetting property managers when investing in these areas. Corey closes with his take on how the city can solve the affordable housing crisis and encourages all of us to be quality housing providers! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Corey Oliver, Strength in Management Link: Corey's Instagram Link: Rich Dad Poor Dad (Book Recommendation) Sponsors: Essex Realty Group and State Farm ----------------- Guest Questions 03:47 Housing Provider Tip: Consider raising rents instead of not renewing leases with your tenants! 05:55 Intro to our guest, Corey Oliver! 06:45 Corey talks about his career as a professional sports agent! 10:20 How and where did Corey start investing in real estate? 13:09 Corey explains how properties can fall into disrepair in the areas he invests in. 15:10 Corey talks about K-Town and North Lawndale in general! 18:06 How is Corey taking advantage of city incentives offered in these South and Westside neighborhoods? 21:50 What is Corey’s perspective and outlook on Englewood? 25:10 What are the main differences between Chicago’s Southside compared to the Westside? 28:26 How will the Obama library impact the Southside? 32:55 Corey talks about Streetwise! 34:07 How can investors prepare to operate properties in C/D class areas? 36:07 How do you deal with and manage gang activity within your properties? 40:00 How did COVID impact Corey’s tenants? 44:40 How can we solve Chicago’s affordable housing problem? Wrap Up Questions 48:26 What is Corey’s competitive advantage? 49:04 One piece of advice for new investors. 50:20 What do you do for fun? 50:53 Good book, podcast, or self development activity that you would recommend? 51:07 Local Network Recommendation? 51:45 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 174: What Every Real Estate Investor Needs to Know About Appliances with Local Chicago Vendor Kevin Krasney 47:25
Kevin Krasney is the third-generation owner of Cole’s Appliances, which is still situated on the same Lincoln Ave corner in North Center. Kevin talks about his family-owned and operated business and how Cole’s provides tremendous value to investors. He walks through the appliance ordering and installation process and how the recent supply chain issues played into this process. Kevin gets granular on different manufacturers and the quality of their products. Throughout the episode, Kevin shares insight on things investors should keep in mind when purchasing appliances to ensure they’re delivered/installed on schedule, and to ensure investors are buying the best product for their need! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Kevin Krasney, Cole’s Appliance and Furniture Co Link: All In Podcast Link: Broken Record Podcast Link: Matt Kustusch (Network Recommendation) Link: Chop Shop Sponsors: Essex Realty Group and State Farm ----------------- Guest Questions 02:11 Housing Provider Tip: Celebrate the wins and enjoy the journey of building your real estate portfolio! 04:48 Intro to our guest, Kevin Krasney! 06:26 Kevin talks about the mindset of keeping the family appliance business small rather than opening more stores! 07:30 How has the supply chain changed over the last couple years? 13:00 Kevin discusses the workflow from appliance ordering to installation! 17:12 Who are the major manufacturers and how does their quality compare to each other? 18:32 What are some things investors can do to minimize appliance repairs? 22:48 Kevin gives a checklist for things required to install a kitchen appliance package. 25:44 How do you determine whether to repair or replace an appliance? 30:06 What are Kevin’s thoughts on coin-operated vs electronic payment laundry machines? 33:32 What is Kevin’s outlook on the appliance industry? 36:34 How can one determine the fuel source on an appliance? Wrap Up Questions 41:10 What is Kevin’s competitive advantage? 41:50 One piece of advice for new investors. 43:11 What do you do for fun? 44:00 Good book, podcast, or self-development activity that you would recommend? 44:20 Local Network Recommendation? 45:03 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 173: What Investors Need to Know to Obtain Commercial Financing in the Upcoming 6-12 Months 13:04
What are lenders taking a harder look at in this market? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Eric Workman, Renovo Financial ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

Robert Waz of Exterplexy Real Estate & Management joins us to discuss the ins and outs of investing in the North Lawndale neighborhood. Robert kicks things off by explaining why he started investing in North Lawndale. He dives into unforeseen challenges and underwriting considerations to ensure investors accurately account for all expenses and. Robert goes deep into the neighborhood, including its boundaries, different pockets, the building stock, and planned developments in North Lawndale. Throughout the episode, Robert emphasizes the importance of being hands on with property management as a key to success in this neighborhood! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Robert Waz, Exterplexy Real Estate & Management Link: The City Podcast (North Lawndale Episodes) Link: Basic Economics (Book Recommendation) Link: SUCI Ep 45 - Jack Crane with CIC ----------------- Guest Questions 02:30 Housing Provider Tip: Be sure that your property’s exterior is sealed to prevent animals from getting in! 04:22 Intro to our guest, Robert Waz! 05:26 Why did Robert choose to start investing in North Lawndale? 06:31 Robert talks about his first property in North Lawndale! 08:20 What were some unforeseen challenges of investing in North Lawndale? 12:57 What was the timeframe of Robert’s first renovation project? 16:04 Robert talks about underestimating expenses in C/D class neighborhoods! 20:19 Robert talks about North Lawndale’s boundaries, building stock, and more neighborhood characteristics! 27:19 What are some ballpark numbers for rental properties in this area? 29:33 Robert discusses CHA vs Market rate tenants. 33:37 What are some developments going on in North Lawndale? 38:49 What do the next 2-3 years look like for Robert and his team? Wrap Up Questions 43:22 What is Robert’s competitive advantage? 43:51 One piece of advice for new investors. 44:35 What do you do for fun? 45:52 Good book, podcast, or self development activity that you would recommend? 46:49 Local Network Recommendation? 48:10 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 171: From the East Side to the West Side, Sonia Del Real Explains the Genesis of the Latino Real Estate Investors’ Council 49:26
Sonia Del Real of Third City Consulting and LREIC join us to discuss her involvement with Chicago Housing Provider Advocacy groups and how investors from all ethnicities can benefit from this group. Sonia shares her background as a second-generation immigrant and a Chicago native along with her investing journey prior to the housing crash. She speaks to her transition into education and advocacy for Latino Housing Providers. Sonia provides information regarding LREIC (Latino Real Estate Investors Council), their mission statement, and the benefits of being a member. She closes with strong words on the importance of getting involved with advocacy groups and being around like-minded, experienced individuals that can propel you and your portfolio to the next level! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Sonia Del Real , Third City Consulting and Latino Real Estate Investors Council Link: LREIC Website Link: SUCI Ep 37 - Mike Glasser Link: Cashflow Quadrant (Book Recommendation) ----------------- Guest Questions 02:52 Housing Provider Tip: Make sure you clean your gutters this fall season! 04:44 Intro to our guest, Sonia Del Rey! 05:47 Sonia talks about growing up in Chicago as a second-generation immigrant. 10:46 What is CAPS? 13:37 Sonia talks about her investing journey prior to the housing crash! 18:05 What was Sonia’s main motivation for getting into education? 25:23 What is LREIC (Latino Real Estate Investors Council)? 27:47 What are the benefits of being a member of LREIC? 31:46 Sonia provides advice for anyone trying to start an advocacy group! Wrap Up Questions 40:54 What is Sonia’s competitive advantage? 42:11 One piece of advice for new investors. 42:50 What do you do for fun? 43:26 Good book, podcast, or self-development activity that you would recommend? 44:04 Local Network Recommendation? 45:46 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

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Straight Up Chicago Investor

1 Episode 169: How To Leverage Chicago’s Transit-Oriented Development Incentives with Chicago Cityscape 57:11
Return guests Casey Smagala and Steven Vance of Chicago Cityscape join us to discuss the revised Transit-Oriented Development (TOD) ordinance and other development trends in Chicago! Casey and Steven start off by explaining the TOD ordinance and the changes resulting from the recent revision. They dive deep on the impacted neighborhoods, zoning districts, and provisions of the ordinance. Casey and Steven showcase their urban planning backgrounds by weighing in on the impact of current city policies and how they would improve those policies. Lastly, they share why Cityscape is such a powerful data-aggregation software and how it can give Chicago Investors a tremendous competitive advantage! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Casey Smagala and Steven Vance, Chicago Cityscape Link: SUCI Ep 97 - Samuel Pavlovcik Link: SUCI 112 - Cityscape (1st Episode) Link: SUCI Ep 59 - Cost-Seg Kev Link: The New Localism (Book Recommendation) Link: UCLA Housing Voices Podcast Sponsors: Essex Realty Group and Appeal.tax ----------------- Guest Questions 03:18 Housing Provider Tip: Use online services by Utility providers to expedite requests! 06:14 Intro to our guests, Steven Vance and Casey from Chicago Cityscape! 07:00 What is the TOD ordinance? 10:26 Who can benefit from the revised TOD ordinance? 13:22 Steven and Vance talk about accessible dwelling units! 16:34 Are there de-conversation limitations within the revised TOD ordinance? 18:52 Steven and Vance talk about neighborhoods most impacted by the ordinance! 26:31 How does the ordinance affect parking requirements? 31:53 How do City policies attempt to control density? 38:00 What policy changes can investors expect in the near future? 39:50 How does the City measure the success of their new policies? Wrap Up Questions 43:12 What is Casey’s and Steven’s competitive advantage? 43:58 One piece of advice for new investors. 48:22 What do you do for fun? 49:18 Good book, podcast, or self development activity that you would recommend? 51:24 Local Network Recommendation? 54:21 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

Ada Li is a Chicago-based Developer with over 20 years of experience. Ada shares her experience with her family’s construction business, which includes dealing with Chicago Inspectors, zoning changes, and other lessons learned over the years. Ada dives deep into Bridgeport by sharing insight on the different pockets of the neighborhood, how values vary across those areas, and her long-term outlook of the neighborhood. Ada closes this knowledge packed show by providing her take on McKinley Park and Brighton Park! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Ada Li , Winner Construction and Hardscrabble Investments Link: Who Not How (Book Recommendation) Link: SUCI Ep 43 - RJ and Nicky (Network Recommendation) Link: InvestHER Meetup Sponsors: GC Reality and Appeal.tax ----------------- Guest Questions 02:22 House Provider Tip: Be aware of the new Illinois law requiring 10-year smoke detectors! 04:16 Intro to our guest, Ada Li! 08:10 Ada talks about working in the family construction business and the dynamics associated with that. 10:10 How did the business scale? 13:48 How can an investor back into a purchase price? 17:09 Ada shares some lessons learned over the years in construction! 25:48 Why did Ada and her family decide to invest in Bridgeport? 28:33 Ada talks about meeting Aldermen when needing Zoning changes! 30:38 What are Ada’s favorite pockets of Bridgeport? 33:02 Ada talks about pricing differences within the different pockets of Bridgeport! 36:35 What is Ada’s outlook on Bridgeport? 37:58 What does Ada think about McKinley Park and Brighton Park? 40:03 Ada talks about land value in Bridgeport. Wrap Up Questions 41:23 What is Ada’s competitive advantage? 41:58 One piece of advice for new investors. 42:27 What do you do for fun? 43:08 Good book, podcast, or self development activity that you would recommend? 44:11 Local Network Recommendation? 44:50 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 167: When Should I Lock My Interest Rate, and What Are The Different Rate Lock Options? 11:48
When should I lock in my mortgage rate in a volatile market, and what is a float-down option? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Perry Farella, Prime Lending | SUCI Episode 67 ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 166: BiggerPockets J Scott Breaks Down the Economy, Our Debt Crisis, and the Real Estate Market Cycle 57:32
Entrepreneur, investor, and best-selling author J Scott of BiggerPockets and Bar Down Investments joins SUCI and drops tremendous wisdom! J shares the mindset and adaptability required to become a successful real estate investor. He draws on his past experience to break down the economic climate by speaking to various topics including inflation, stagflation, the debt crisis, consumer behavior, and the job market. J closes with insight on properly underwriting deals and emphasizes the power of buy-and-hold rental properties as a wealth building tool! If you enjoy today’s episode and like what you hear, please leave us a review and share us with a friend! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: J Scott from BiggerPockets and Bar Down Investments Link: The Goal (Book Recommendation) Link: Ashley Wilson (Network Recommendation) Link: Real Estate by the Numbers (Pre-Order J Scott's New Book) Link: Connect with J Scott Sponsors: Essex Realty Group and Appeal.tax ----------------- Guest Questions 03:21 House Provider Tip: Understand that bull markets may cover up mistakes that wouldn’t be covered in bear markets! 04:39 Intro to our guest, J Scott! 05:31 J talks about the mindset required to be successful in real estate! 12:41 J defines stagflation and talks about its relation to the debt crisis? 21:02 How does J predict lending will change in the near future? 27:19 Does J think that the expected recession can be a self-fulfilling prophecy as consumers get fearful and change their behavior? 30:52 What is J’s outlook on the job market? 36:32 Is J still looking for real estate deals and how has his underwriting changed? 40:41 How can passive investors effectively vet an operator? 44:50 J shares mistakes he’s made in his investing career! 49:01 J talks about accounting for expense increases when underwriting deals Wrap Up Questions 50:33 What is J’s competitive advantage? 50:59 One piece of advice for new investors. 51:51 What do you do for fun? 52:33 Good book, podcast, or self development activity that you would recommend? 53:34 Local Network Recommendation? 54:29 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 165: From Chicago Househacker, to Out of State Investor, to Leaving Her W2 Job with Kory Dieter 49:40
Kory Dieter is a Chicago-based is a house hacker and professional out of state investor with a portfolio mix that includes SFRs and small multi-families across 5 markets. In today’s episode Kory shares with us how she started her real estate journey with a house hack in Andersonville to how she was able to leave behind her W2 job. Along the way she’s dabbled in a variety of investing strategies, including house hacking, medium term rentals, BRRRR, and 1031 exchanges, with no signs of stopping now! This episode is full of nuggets on deal acquisition and things to keep in mind when looking for your next investment, whether it’s in Chicago or a different market! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Kory Dieter Link: http://www.naiopchicago.org/ Link: https://www.gcrealtyinc.com/brrrr-investment-strategy-must-knows Link: https://www.gcrealtyinc.com/blog/house-hacking-101-in-chicago Link: https://www.straightupchicagoinvestor.com/house-hacking-calculator Link: https://www.straightupchicagoinvestor.com/podcast/episode-43-househacking-scaling-and-large-multifamily-deals-with-one-of-chicagos-best-power-couples Sponsors: State Farm and Appeal.tax ----------------- Guest Questions 03:30 House Provider Tip: Be Ready To Address Issues When Tenants First Move In 05:40 Intro to our guest, Kory Dieter! 06:45 Starting with a househack in Andersonville 12:15 The importance of knowing the neighborhood 21:15 Out of State Real Estate Investors Must Have Mindset 25:50 Pro Forma Vs Actual Is Usually Different in Real Estate Investing 27:57 Scaling As A House Hacker 30:58 How To Prepare Your Portfolio For the Future 34:01 Challenges Faced Transitioning From a W2 To Self Employed Real Estate Investor Wrap Up Questions 42:39 What is Kory’s competitive advantage? 43:15 One piece of advice for new investors. 53:25 What do you do for fun? 43:42 Good book, podcast, or self development activity that you would recommend? 45:02 Local Network Recommendation? 45:53 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
What is the difference between actual cash value and replacement cost? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Josh Steigelmann, State Farm Insurance ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 163: From Listing Agent to Acquiring and Managing Hundreds of Units on Chicago’s Northside with John McGeown 45:12
Are you looking to learn about acquiring and managing multifamily properties in Chicago’s Northside? If so, you’ll get great value out of this show! John starts by talking about his military background and how that has served him in his real estate career. He provides details on managing his first large scale, multifamily property and how that success propelled his growth. John gets granular on rehabbing occupied buildings, the emergence of some northside neighborhoods, and managing tenants. John closes by emphasizing the importance of quality relationships and properties - slow and steady wins the race! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: John McGeown, High Fidelity Property Management Link: SUCI Ep 124 - Aaron Galvin (Network Recommendation) Link: Tools Of Titans (Book Recommendation) Sponsors: Essex Realty Group and Appeal.tax ----------------- Guest Questions 03:00 House Provider Tip: Make sure you are considering debt-to-income ratios when screening tenants! 05:20 Intro to our guest, John McGeown! 07:14 How has John’s military background served him in real estate? 08:58 Why did John choose to go into real estate after the military? 11:10 How did John establish an area of focus for his property management business? 16:56 How did John leverage his success on the 45-unit project to propel his growth? 22:04 What are some tips for accurately underwriting rents? 25:51 Where did John start investing? 27:32 John describes the emergence of developed neighborhoods that he’s invested in! 29:22 How do you prepare for a renovation of an occupied multi-unit building? 35:43 What are John’s plans over the next few years? Wrap Up Questions 38:15 What is John’s competitive advantage? 38:30 One piece of advice for new investors. 38:58 What do you do for fun? 39:50 Good book, podcast, or self development activity that you would recommend? 41:05 Local Network Recommendation? 42:00 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

Looking for insight on the nuances of acquiring and managing properties on the south side of Chicago? If so, this episode is for you! Tim starts by talking about his start in real estate and how he identified a need for quality property management on the south side. He provides insight on tenant screening, underwriting expenses, and subsidized housing for the C/D class assets he operates. Tim gets granular on the housing stock, values, and neighborhood borders in the Chicago Lawn, West Elsdon, and West Englewood neighborhoods. Tim closes this knowledge packed show by sharing the pockets of these neighborhoods that he’s bullish on and will continue to invest in for years to come! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Tim Harstead, Chicago Style Management Link: Never Split the Difference (Book Recommendation) Link: SUCI Ep 146 - RJ Deleon Sponsors: State Farm and Appeal.tax ----------------- Guest Questions 03:42 House Provider Tip: Be mindful of how the number of touchpoints required can vary for properties across different classes! 05:29 Intro to our guest, Tim Harstead! 06:33 How did Tim get started in real estate? 08:19 What sparked Tim’s interest in property management? 09:57 What are some nuances about Chicago’s south side that Tim has to communicate to out of state investors? 12:28 How does Tim forecast expense ratios in lower class neighborhoods? 16:05 What neighborhoods is Tim heavily involved in? 19:00 Tim’s shares tips for screening tenants in lower class neighborhoods! 21:04 How does the typical term of lease vary between section 8 and market rate tenants? 26:06 Tim provides insight on the West Lawn and Chicago Lawn neighborhoods! 31:43 Tim shares the differences in the leasing process across the different south side neighborhoods he manages units in. 35:08 What is the housing inventory like in these south side neighborhoods like West Englewood and Chicago Lawn? 36:55 What is Tim’s opinion on Gage Park and West Elsdon? 39:17 What areas is Tim planning to invest in over the next 5-10 years? Wrap Up Questions 41:55 What is Tim’s competitive advantage? 42:18 One piece of advice for new investors. 42:38 What do you do for fun? 42:15 Good book, podcast, or self development activity that you would recommend? 43:23 Local Network Recommendation? 43:48 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

What are the recent changes within Freddie Mac that now allows for financing the rehab of an ADU project? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Perry Farella of Prime Lending Link: https://perryfarella.com/blog/ ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

Brian Kochendorfer returns to the show after 2 years! This time around Brian provides an objective analysis on how his investment properties in Indiana and Ohio compared to his Chicago portfolio. Brian kicks things off by sharing his investment parameters and how he ended up pursuing opportunities in Ohio and Indiana in addition to Chicago. He dives deep into the nuances of acquiring, repositioning, and managing assets in those other markets. Brian speaks to differences in tenant expectations, rent growth, taxes, and cap rates in NW Indiana, Indianapolis, and Cincinnati compared to Chicago! This show is filled with great insight on the current state of the market, identifying opportunities given buyer/seller sentiment, and why Chicago is a great place to invest in even with all the headwinds! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Brian Kochendorfer, Essex Realty Group Link: Arc Equity Group Link: SUCI Episode 14 - Brian Kochendorfer (1st Episode) Link: SUCI Episode 151 - Fritz Kaegi Link: Kevin Claffy (Network Recommendation) Sponsors: State Farm and Essex Realty Group ----------------- Guest Questions 03:15 House Provider Tip: Add lighting to your properties for added, cost-effective security! 04:55 Intro to our guest, Brian Kochendorfer! 06:41 How did Brian make the jump from being a broker to investing? 07:28 What were the parameters in Brian’s investment property search when he started off? 10:11 Brian talks about key differences between Chicago and the other markets he’s invested in (i.e. NW Indiana, Indianapolis, Cincinnati). 16:33 Are the higher returns worth it given the headwinds in Chicago? 18:07 How does the building stock differ between Chicago and the other markets Brian has invested in? 21:28 What would Brian have done differently on his Cincinnati project? 22:11 How do the landlord-tenant laws in those other markets compare to Chicago? 28:30 Brian compares expectations in Chicago vs NW Indiana and Cincinnati. 32:10 What is Brian’s macro-level outlook on Chicago? 34:14 How is Brian approaching acquisitions given the market conditions? 37:15 Brian shares the sentiment he’s seeing from buyers and sellers today and the opportunities that could bring. Wrap Up Questions 44:47 What is Brian’s competitive advantage? 45:25 One piece of advice for new investors. 45:53 What do you do for fun? 46:43 Good book, podcast, or self-development activity that you would recommend? 47:08 Local Network Recommendation? 48:05 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 159: From Successful BRRRR to Major Project Hurdles in Chicago’s Western Suburbs with Zach Gring 46:29
From successful BRRRR to a delayed, over-budget project, Zach Gring shares lessons learned from his investing journey! Zack starts by explaining how he established an asset class to focus on and the reasons for his criteria. He talks through a successful BRRRR project in Batavia and speaks to managing the rehab of a tenant-occupied property. He also shares some lessons learned from his delayed project in Glen Ellyn. Throughout this episode, Zach shares the importance of establishing a network and a focus when getting into real estate to set yourself up for success! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Zach Gring, The Axon Group Link: Landlording on Autopilot (Book Recommendation) Link: Vince Incopero (Network Recommendation) Sponsors: The Axon Group (EXP Realty) and Appeal.tax ----------------- Guest Questions 03:21 House Provider Tip: Be sure to check alleys for excess garbage left behind by tenants during turnovers! 05:07 Intro to our guest, Zach Gring! 07:27 What sparked Zach’s interest in real estate investing? 08:30 Where did Zach start investing and what are some of the nuances of small-town investing? 10:56 How did Zach get “scrappy” to increase his savings rate to invest in real estate? 12:30 Zach dives into his first deal in Batavia! 13:50 How did Zach manage rehab of a tenant-occupied unit? 19:50 How was the GC selected/managed and what were the unforeseen construction items? 24:15 Zack talks about his next deal in Glen Ellyn! 29:28 What is the exit strategy on the Glen Ellyn property? 31:48 Where is Zack focusing on geographically? 38:10 Zack shares his hindsight perspective on research that should be done when getting into real estate. Wrap Up Questions 40:30 What is Zachi’s competitive advantage? 41:40 One piece of advice for new investors. 42:02 What do you do for fun? 42:15 Good book, podcast, or self-development activity that you would recommend? 43:04 Local Network Recommendation? 43:39 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

After staying in an Airbnb while on vacation, Rishi Bajaj realized how we can leverage this strategy and used midterm rentals to multiply his rental income! Rishi shares how he got the idea to venture out into the niche space of midterm rentals. He talks about furnishing, costs, and additional considerations when comparing midterm rentals to traditional long-term rentals. He dives into why he sees value and has been investing in some south side neighborhoods and also shares the characteristics he looks for in properties! Throughout the show, Rishi provides valuable tips on thinking outside the box to maximize profit and ROI! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Rishi Bajaj, West Loop Capital Partners Link: Multifamily Insights (Podcast Recommendation) Link: The Short Term Show (Podcast Recommendation) Link: Eric Hubbard (Network Recommendation) Sponsors: GC Reality and Appeal.tax ----------------- Guest Questions 04:45 House Provider Tip: Hire professional and reputable HVAC contractors to ensure systems function properly! 05:13 Intro to our guest, Rishi Bajaj! 08:15 What motivated Rishi to get into real estate? 12:07 How did Rishi live frugally when he first got started? 13:53 What are some considerations when furnishing a unit? 17:30 What are some additional costs to consider on midterm rentals that differ from long-term rentals? 24:18 How is Rishi marketing his midterm rentals? 28:16 Why did Rishi start purchasing property in Bridgeport and the Heart of Chicago neighborhood? 31:15 What property characteristics does Rishi look for? 34:28 How are these properties being financed? 39:19 How does Rishi underwrite for vacancy? 43:57 How has Rishi managed a growing Chicago portfolio from a remote location? Wrap Up Questions 49:34 What is Rishi’s competitive advantage? 50:34 One piece of advice for new investors. 51:42 What do you do for fun? 52:19 Good book, podcast, or self-development activity that you would recommend? 53:32 Local Network Recommendation? 55:10 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

It first took Joe Smazal of Interra Realty six years to sell $100M of multifamily real estate. Six months into 2022, Joe has already sold $100M of assets THIS YEAR ALONE! Joe explains how he left his stable day job to become a Chicago commercial broker, and the growing pains and hustle required to get started. He then speaks to the importance of developing relationships for increased deal flow and identifying areas of focus to become a trusted expert in your market. In classic SUCI fashion, Joe dives in at a street-level to define the boundaries of some north side neighborhoods! This episode is full of golden nuggets if you’re interested in getting into Chicago Multifamily Real Estate! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Joe Smazal, Interra Realty Link: Podcast 1 Recommendation Link: Podcast 2 Recommendation Link: Sam Gutierrez (Network Recommendation) Link: Max Grossman (Network Recommendation) Sponsors: Prime Lending and Appeal.tax ----------------- Guest Questions 02:55 House Provider Tip: Be mindful of the leasing season and make your leases end during the peak leasing cycle! 05:13 Intro to our guest, Joe Smazal! 06:08 How did Joe get started in real estate? 15:05 How much time and effort did it take before Joe got his first big deal? 26:07 How did Joe identify his areas of focus? 30:52 How have things changed as Joe’s business has grown? 33:00 How are investors analyzing properties and justifying investments in the Lakeview neighborhood? 37:17 What are the boundaries of Lakeview? 39:08 What are the boundaries of North Center? Wrap Up Questions 40:45 What is Joe’s competitive advantage? 41:15 One piece of advice for new investors. 42:10 What do you do for fun? 43:40 Good book, podcast, or self development activity that you would recommend? 44:40 Local Network Recommendation? 45:32 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
What are some of the useful technologies/apps that can help you scale your REI business? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Bolanle Ogunmakin, Quality Builders Link: Episode 76: Big Business Processes Make a Powerful Small Business with Jonathan Klemm ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 154: Scaling From a Duplex to a $100 Million Portfolio in Chicago’s North and Northwest Side with Jeff Weinberg 55:14
Jeff Weinberg of Drexel Properties joins us to discuss the importance of systems and relationships when scaling a large Chicago Real Estate portfolio. Jeff kicks things off by talking about his start in real estate and leaving his W2 job to pursue his passion full time. He jumps into the mindset and strategies that will help in scaling a portfolio. Jeff drops street level knowledge on the North and Northwest side and explains why he is bullish on Chicago. Throughout the show, Jeff emphasizes the importance of cultivating long term relationships with brokers, contractors, and other vendors, and attributes much of his success to implementing this principle! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jeff Weinberg from Drexel Properties Link: The Splendid and the Vile (Book Recommendation) Link: Jeff Weinberg's LinkedIn Sponsors: The Axon Group (EXP Realty) and Appeal.tax ----------------- Guest Questions 03:55 House Provider Tip: Remember to have a baseline for utilities to identify irregular bills! 06:04 Intro to our guest, Jeff Weinberg! 07:22 How did Jeff get started in real estate? 09:52 At what point did Jeff decide to leave his W2 job? 11:47 Jeff talks about how he scaled his portfolio. 15:32 In hindsight, what would Jeff change about his investing career? 17:46 What attracted Jeff to investing in the Northwest side of Chicago? 26:11 Why does Jeff choose to buy-and-hold and why is he continuing to scale an already large portfolio? 29:04 Why is Jeff still bullish on Chicago? 30:50 How is Jeff’s portfolio setup? 38:12 How do you develop relationships with brokers and vendors? Wrap Up Questions 42:14 What is Jeff’s competitive advantage? 42:42 One piece of advice for new investors. 44:37 What do you do for fun? 46:27 Good book, podcast, or self development activity that you would recommend? 49:05 Local Network Recommendation? 50:55 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 153: Building Wealth via Long-Term Real Estate Investments in Chicago with Bill Himmelstein 54:25
Bill Himmelstein of Tenant Advisory Group drops in to share great insight on long-term investing and reminds us that real estate is not a “get rich quick” but rather a “get wealthy slowly” investment. Bill starts by talking about his start in real estate and his experience with multi-family investing. He gets granular by speaking to the effect of rising interest rates on the market and also explains investing with partners. Bill emphasizes the importance of living below your means and adapting the long-term investor mindset to build generational wealth. This episode is full of golden nuggets around having a long-term outlook to keep growing your real estate portfolio! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Bill Himmelstein, Tenant Advisory Group Link: Willam Himmelstein - Tenant Advisory Group Link: The Secret of Shelter Island (Book Recommendation) Sponsors: The Axon Group (EXP Realty) and Appeal.tax ----------------- Guest Questions 02:44 House Provider Tip: Be mindful of timelines when planning turnovers with Section 8 tenants! 05:13 Intro to our guest, Bill Himmelstein! 08:03 How did Bill get started in real estate? 11:23 How do you balance having capital on hand with investing that money into long-term investments? 17:50 How did Bill begin buying multi-family real estate with partners? 22:31 Bill talks about a previous deal. 29:31 How are rising interest rates affecting cap-rates? 34:50 How does Bill handle his limited partnerships? 43:02 How does someone with little capital get started? Wrap Up Questions 46:31 What is Bill’s competitive advantage? 47:50 One piece of advice for new investors. 48:25 What do you do for fun? 49:22 Good book, podcast, or self development activity that you would recommend? 50:28 Local Network Recommendation? 51:33 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
What is the NBOA Summer Soiree and how can investors benefit from this event? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Mike Glasser of NBOA Link: https://www.straightupchicagoinvestor.com/podcast/episode-37-the-nboa---your-ally-and-voice-as-a-chicagoland-housing-provider ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 151: Dissecting Property Taxes on your Chicagoland Properties with Cook County Assessor Fritz Kaegi 52:49
Ever wonder how your Cook County properties are assessed and how taxes are calculated? Cook County Assessor Fritz Kaegi presents valuable info on property taxes and the overall mission of his office! Fritz starts by sharing his background and how it allowed him to seamlessly step in and improve processes as the Assessor. He talks about his office’s responsibilities and some of the common misconceptions the public may have. Fritz elaborates on the massive amount of data involved with assessing 1.9 million properties and gives tips on making your case if you believe your property’s assessed value is inaccurate. Tremendous value packed in this episode that can potentially lead to decreased property taxes and increased NOI! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Fritz Kaegi, Cook County Assessor’s Office Link: Capital Allocators (Podcast Recommendation) Link: Hacks on Tap (Podcast Recommendation) Link: Power Broker (Book Recommendation) Link: Samir Mayekar (Network Recommendation) Link: Michael Fassnacht (Network Recommendation) Sponsors: GC Reality and The Axon Group (EXP Realty) ----------------- Guest Questions 02:29 House Provider Tip: Do not overpay for a property simply to complete a 1031 Exchange - weigh out all options! 05:43 Intro to our guest, Fritz Kaegi! 06:24 What attracted Fritz to the position of Cook County Assessor? 08:34 How are property taxes calculated? 18:20 What is the process for establishing assessed values? 25:29 How is the massive amount of data managed by the Assessor’s office? 29:01 How many PINs are there in Cook County? 29:44 Why is a majority of the property tax burden put on the housing providers (i.e. owners of apartment buildings)? 33:32 How are property taxes impacting affordable housing? 35:45 What are some common misconceptions about the Cook County Assessor? Wrap Up Questions 41:20 What is Fritz’s competitive advantage when compared to his predecessors? 43:04 One piece of advice for new investors. 45:29 What do you do for fun? 45:51 Good book, podcast, or self-development activity that you would recommend? 47:46 Local Network Recommendation? 49:04 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

As many may already know, Rod Khleif is a multifamily real estate investor, business consultant, and high-performance coach. In today’s show, Rod focuses heavily on being prepared to take action as opportunities arise during a changing market like the one we are in today! Rod starts off by speaking about the huge loss he experienced during the last housing crash and how he was able to bounce back stronger. He elaborates on the anticipated recession and on what investors should be doing to capitalize on upcoming opportunities. Rod emphasizes the importance of real estate being a team sport and gives his take on single-family vs multi-family investing. This episode is loaded with empowering words on taking action and embracing a mindset to succeed in real estate and life in general! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Rod Khleif of Rod Khleif Multifamily Mastery Link: The 5 Love Languages (Book Recommendation) Link: Turning Pro (Book Recommendation) Link: The One Thing (Book Recommendation) Link: The Lifetime Cashflow Podcast Sponsors: Kiser Group and Appeal.tax ----------------- Guest Questions 02:47 House Provider Tip: Focus on retaining existing tenants to prevent costly turnovers! 05:23 Intro to our guest, Rod Khleif! 06:07 The rise and fall of Rod Khleif! 09:07 What is Rod doing to prepare for the anticipated recession? 16:23 How do you balance being patient with continuing to strive towards goals in this market cycle? 19:09 What is step one in preparing for a market turn? 25:07 What would you say to new investors who want to start with single-family homes and then transition into multi-family? 27:05 What is EOS? 28:47 What mistakes do investors make when vetting people for their team when trying to scale? 31:42 How will Rod be changing his asset management during this changing market? 33:07 What is Rod’s competitive advantage? Wrap Up Questions 33:48 One piece of advice for new investors. 34:32 What do you do for fun? 34:51 Good book, podcast, or self development activity that you would recommend? 36:26 Local Network Recommendation? 37:14 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 149: Revitalizing the “Land of Lincoln” with Aurora Mayor (and potential IL Governor) Richard Irvin 30:32
Mayor of Aurora and gubernatorial candidate Richard Irvin discusses his plan to create jobs, lower crime, and attract businesses if he were to be elected Governor of Illinois. Richards speaks on hot-topic issues including affordable housing, taxes, and crime. He dives deep into his tenure as Mayor of Aurora and how he can translate Aurora’s successful revitalization to the rest of the state as governor. Innovative concepts on reforming the educational and police system are among other nuggets dropped in the episode. Richard closes with empowering words on his vision of making Illinois the “Land of Lincoln” again and bringing pride back to our state! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Richard Irvin from the City of Aurora Link: SUCI Episode 30 (Investing in Aurora) Sponsors: Kiser Group and Prime Lending ----------------- Guest Questions 03:28 Intro to our guest, Richard Irvin! 04:28 What does Richard consider to be his greatest accomplishment? 06:40 What can be done to create more affordable housing in Illinois? 10:42 What is the sequence of events to create affordable housing and bring businesses to Illinois? 12:48 How can Richard transfer what he’s done in Aurora to the rest of the state? Wrap Up Questions 17:27 What are the first steps to solve the crime issues in Illinois? 22:55 How can we get the community to buy into this plan of redeveloping Chicagoland? 27:30 What is the one thing Richard wants to be remembered for? 28:45 Chicago/Illinois Fact! That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 148: Acquiring Distressed Real Estate by “Beating the Streets” in Chicago with Joe Sevcik 43:03
Are you struggling with deal flow in this market? Joe Sevcik drops in to share how Networth Realty is acquiring distressed properties and wholesaling to add value to their investors. Joe covers how his company is grinding it out by hitting the streets to get in front of motivated sellers. He talks about the mindset required to succeed in this space where rejection is commonplace. Joe dives deep into how his company is adding value to their investor clients by project values and construction costs to name a few things. This episode is full of nuggets on deal acquisition and things to keep in mind when looking for your next off-market, distressed property! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Joe Sevcik from Networth Realty Link: Rich Dad Poor Dad (Book Recommendation) Link: How to Win Friends and Influence People (Book Recommendation) Link: Illinois Transfer Tax Info Sponsors: Kiser Group and Appeal.tax ----------------- Guest Questions 03:22 House Provider Tip: Be mindful of pest control and account for associated expenses! 06:35 Intro to our guest, Joe Sevcik! 07:30 What/who is Networth Realty? 08:02 What is Networth Realty doing to acquire deals? 10:42 How do Joe and his team stay motivated when marketing to sellers is unsuccessful a large portion of the time? 12:20 How is Networth Realty adding value to their investors? 14:50 How is estimating rehab costs different in Chicago compared to other locations? 19:06 What are some tips for investors looking for off-market deals? 21:40 How are Joe and his team following up with sellers? 25:27 Any cool or funny stories when acquiring these distressed homes? 26:15 What is an example of a deal that was difficult to close on? 27:27 How has the hot market impacted the business? 29:02 Who are the ideal clients/investors for Networth Realty? 32:56 What does the future look like for Networth Realty? 35:15 For someone interested in joining Networth Realty, what skills/qualities should they bring? Wrap Up Questions 37:15 What is Joe’s competitive advantage? 38:00 One piece of advice for new investors. 38:18 What do you do for fun? 38:47 Good book, podcast, or self-development activity that you would recommend? 39:40 Local Network Recommendation? 39:57 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

What is a HUD 203k loan, when does it make sense for investors to leverage this loan, and where do 203k loans fall apart? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Perry Farella of Prime Lending Link: ttps://perryfarella.com/blog/ ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 146: How To Manage Your Rehabs and What to Look For In a Chicagoland General Contractor with RJ DeLeon 53:14
RJ Deleon is all things real estate, as he wears the hats of a contractor, investor, and mentor. In today’s show we focus almost exclusively on RJ’s experience as a GC and how investors can best partner with contractors. RJ covers some of the most frequently asked questions investors have for GCs and how he handles different requests from investors. He showcases how his personal investing experience is a huge value-add to his clients and explains how to approach, vet, and manage contractors. Throughout the episode, RJ drops numerous jewels of wisdom on building quality relationships with contractors so that you can successfully take down your next rehab! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Also check out RJ’s previous episode with his wife Nicky - https://www.straightupchicagoinvestor.com/podcast/episode-43-househacking-scaling-and-large-multifamily-deals-with-one-of-chicagos-best-power-couples Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: RJ DeLeon, EJC Partners Link: Book Recommendation Link: Brie Schmidt (Network Referral) Link: Jason Wagner (Network Referral) Link: Quality Builders (Network Referral) Sponsors: Kiser Group and Appeal.tax ----------------- Guest Questions 03:10 House Provider Tip: Be more specific in texts/emails to avoid miscommunication! 05:07 Intro to our guest, RJ DeLeon! 06:09 What is the one thing that contractors get asked most frequently? 08:30 What is RJ’s strategy when estimating a construction job? 10:14 How does RJ consult investors on their construction scopes to get the best ROI? 13:28 How is RJ marketing his consulting services? 16:25 How does RJ handle requests to walk properties? 19:14 How can an investor most-effectively approach a contractor when requesting services? 23:26 What questions should an investor ask contractors to vet them? 31:07 How can an investor effectively keep tabs on a project to ensure progress is being made? 34:55 How can draw schedules be set up to protect both the investor and the contractor? 40:45 What is a mechanics lien? 42:40 How is RJ tracking scopes, schedules, and other elements of the project? Wrap Up Questions 44:59 What is RJ’s competitive advantage? 45:50 One piece of advice for new investors. 46:47 What do you do for fun? 47:35 Good book, podcast, or self development activity that you would recommend? 48:36 Local Network Recommendation? 49:35 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

Ever wonder how professional athletes are investing to set themselves up for life after their sports career? NFL Tight End Matt LaCosse joins us to shine light on this exact journey. Matt starts off by talking about how the skills required to be a professional NFL player translate to real estate investing. He explains why he came back home to Chicago to start his investing career. Matt dives into the lessons learned on his first C- class investment and how that changed his investment strategy. Mr. LaCosse talks about his current Naperville investments and closes with golden nuggets on building a team and setting yourself up for success as a new investor! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Matt LaCosse Link: Book Recommendations Link: Bibek Das (Network Recommendation) Sponsors: The Axon Group (EXP Realty) and Appeal.tax ----------------- Guest Questions 02:25 House Provider Tip: Consider other ways Real Estate makes you money aside from cash-flow during this tight inventory market! 05:01 Intro to our guest, Matt Lacosse! 06:30 How do skills required for the NFL translate into Real Estate investing? 07:02 How did Matt get into real estate? 08:42 How is the quality of the NFL financial literacy classes? 11:34 Why did Matt come back to Chicago to start investing? 12:53 How did Matt’s first investment go? 14:44 What caused Matt to shift his investing to more developed neighborhoods? 17:45 How is Matt sourcing deals? 19:00 What is Matt’s time allocation to real estate during the week while balancing his NFL career? 22:35 What type of precautions is Matt taking given the economic environment? 26:53 Has Matt considered syndicating deals with his teammates? 28:36 What is Matt’s outlook on his real investing career? 32:33 Are there any other opportunities beyond Chicago? Wrap Up Questions 34:36 What is Matt’s competitive advantage? 35:09 What is the one piece of advice for new investors looking to buy their first property in Chicago? 35:55 What do you do for fun? 36:41 Good book, podcast, or self development activity that you would recommend? 37:27 Local Network Recommendation? 38:15 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 144: Straight Up Tues Tip 30 - Perry Farella Provides Numbers on a Recent Purchase and Rehab Projects He Financed 13:02
Perry Farella provides tangible numbers on a recent purchase and rehab project he financed. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Perry Farella of Prime Lending Link: ttps://perryfarella.com/blog/ Link: https://www.straightupchicagoinvestor.com/podcast/episode-67-chicagoland-rehab-financing-without-using-hard-money-or-203k-loans ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

Have you also been considering short-term rentals to increase your NOI?! Jessica Ryan joins us to share valuable knowledge on considerations when planning your short-term rental! Jessica starts off by explaining the main points of the Chicago Shared-Housing Ordinance and how to get a license for a short-term rental. She touches on notice requirements to other tenants, percentage of short-term rental rentals allowed within a building, and other limitations to consider when planning a short-term rental. Jessica closes by sharing some of the more interesting/goofy short-term rental stories that she has seen in her legal practice. Listen to this one closely so that you plan your short-term rental correctly and don’t need Jessica to represent you in court! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jessica Ryan from KSN Law Link: Network Recommendation (Tim Jacobs) Sponsors: Prime Lending and Appeal.tax ----------------- Guest Questions 02:28 House Provider Tip: Look out for leaks when turning on your water spigots this spring! 04:20 Intro to our guest, Jessica Ryan! 05:20 How did short-term rentals start in Chicago? 07:59 What are some of the requirements of the short-term rental ordinance? 14:23 How do you start the process to obtain a short-term rental license? 15:58 Are there any legal notices required to other long-term tenants when adding a short-term rental to a building? 20:40 What are some of the main points that cause application denials? 24:25 How many short-term rental units are allowed in multi-family buildings? 28:13 What are the requirements for individual room rentals? 30:40 What rights does a long-term landlord have on a tenant running an authorized short-term rental in their unit? 33:13 Any funny/interesting short-term rental stories? 37:15 Does Jessica foresee modifications to the Ordinance in the near future? Wrap Up Questions 40:20 What is Jessica’s competitive advantage? 40:53 What is the one piece of advice for new investors looking to buy their first property in Chicago? 41:29 What do you do for fun? 42:31 Good book, podcast, or self development activity that you would recommend? 43:28 Local Network Recommendation? 44:17 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 142: Generating Infinite ROI From Chicagoland Senior Living Investing with Brandon Schwab 51:15
Wondering how you can invest in a niche asset class to reduce your competition? Brandon Schwab talks about how he is revolutionizing the Chicagoland Senior Living space and making it a very profitable investment. Brandon starts off by talking about his motivation to improve the Senior Living experience and the pitfalls he faced when starting out. He dives deep into the acquisition, rehab, and management of these Senior Living homes. He comments on the nuances of zoning, permitting, and appraisals on this asset class. on the volatility in the market and looks back on how the pandemic shaped what is happening today. Chris also gives an impactful outlook on Senior Housing as an investment including how the pandemic changed the industry and has uncovered the need for high quality Senior Housing providers! If you enjoyed listening to today’s episode, please leave us a 5 star review and share us with a friend! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Brandon Schwab from Shepherd Premier Senior Living Link: Book Recommendation Link: Podcast Recommendation Link: SUCI Merch Store Sponsors: Prime Lending and Appeal.tax ----------------- Guest Questions 03:30 House Provider Tip: Be aware of the Chicago Heat Ordinance that is still applicable even as the weather heats up! 04:50 Intro to our guest, Brandon Schwab! 06:50 What is a high-level overview of Brandon’s Senior Living Homes business? 08:17 How did Brandon come up with his business idea? 12:49 What would be the first steps to start investing in Assisted Living Homes? 17:33 What are some of the pitfalls when getting started? 21:30 What do the rehabs of these Assisted Living homes consist of? 25:28 What does the on-going management look like? 27:57 How are these properties appraised? 33:12 What is Brandon’s outlook on the Assisted Living Homes industry? 35:55 What are the Zoning and Permitting requirements for these types of properties? 37:19 Does the Village or Town that the property is in impact the requirements? 38:15 What are the financing/funding options for these properties? Wrap Up Questions 40:57 How has Brandon overcome challenges in this niche space? 42:13 What is the one piece of advice for new investors looking to buy their first property in Chicago? 43:40 What do you do for fun? 44:18 Good book, podcast, or self-development activity that you would recommend? 45:59 Local Network Recommendation? 46:45 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 141: Straight Up Tues Tip 29 - Noah Birk and Aaron Sklar Sit Down to Explain How Investors New To The Multifamily Space Can Catch A Broker's Eye 16:06
As an investor, how do I get the attention of the most successful brokers in the Chicagoland area? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Noah Birk & Aaron Sklar of Kiser Group Link: Episode 23 of Straight Up Chicago Investor ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

Interested in sharpening your education to propel your Chicago Real Estate Investments? Jessica Sivels explains the variety of resources that Community Investment Corporation (CIC) is providing. Jessica provides a brief summary of CIC’s extensive experience and explains how CIC can be a value add to investors given their knowledge of Chicago. She dives deep into CIC’s vast educational resources and how landlords can benefit greatly by investing in their education. Fair housing, property management, mixed-use buildings, and lending are among the few topics discussed on this value-loaded episode! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jessica Sivels, Community Investment Corporation (CIC) Link: Jessica Sivels - Director of Education & Community Engagement - Community Investment Corporation | LinkedIn Link: Jessica's Facebook Link: The One Thing (Book Recommendation) Sponsors: Kiser Group , and Appeal.tax ----------------- Guest Questions 02:44 House Provider Tip: Be aware of power outages during this Spring season! 05:10 Intro to our guest, Jessica Sivels! 06:54 Who is CIC and how does Jessica fit into the corporation? 08:07 When did CIC start offering its educational resources? 10:09 Why did Jessica get involved with CIC? 12:57 What is the spectrum of CIC’s educational resources and what are the topics with the most need for education? 18:33 What are the opportunities coming up in the mixed-use space? 21:55 Is CIC going to start in-person classes? 29:05 Are there new CIC education topics or tools on the horizon? 34:35 What are some lending advantages that CIC offers? Wrap Up Questions 41:17 What is Jessica’s competitive advantage? 41:52 One piece of advice for new investors. 42:50 What do you do for fun? 43:12 Good book, podcast, or self development activity that you would recommend? 43:35 Local Network Recommendation? 44:28 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 139: Leveraging Technology to Efficiently Manage your Chicago Property Portfolio with Kerri Davis 44:47
Looking for a user-friendly, innovative property management software? Today’s guest Kerri Davis dives deep into how her software Fortress can help you take your investment management to the next level. Kerri jumps right in by explaining the shortcomings of other management softwares and how Fortress addresses those concerns. She talks about when it makes sense for an investor to transition to management software and describes the typical workflow within the Fortress interface. Kerri proudly elaborates on the innovative features of her platform, its user-friendliness, and transparency to help you accurately gauge the performance of your properties! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Kerri Davis, Fortress Technology Solutions Link: Kerri Davis' LinkedIn Link: Start With Why (Book Recommendation) Link: Sabrina Wottreng (Network Recommendation) Sponsors: Kiser Group , and ClickInvest ----------------- Guest Questions 03:57 House Provider Tip: Consider artificial grass, mulch, or rocks instead of natural grass to reduce maintenance on your properties! 06:29 Intro to our guest, Kerri Davis! 07:45 How did Kerri get into real estate? 08:45 What did Kerri’s first property management role involve? 10:06 What were the pitfalls of older property management softwares and how are new softwares addressing those concerns? 13:42 What were some of the main pain points that led Kerri to develop her software, Fortress PropTech? 16:40 At what point or unit count does it make sense for a landlord to switch over to a property management software? 21:57 Kerri describes the typical workflow when using her software. 25:50 How does a platform like Fortress help build and strengthen the relationship between landlords and tenants? 28:09 What does the future development of Fortress look like? 32:17 Can a CRM be integrated into Fortress? 34:08 What pricing can users expect for the software and what factors impact pricing? Wrap Up Questions 36:17 What is Kerri’s and Fortress’ competitive advantage? 37:35 One piece of advice for new investors. 38:39 What do you do for fun? 39:18 Good book, podcast, or self development activity that you would recommend? 40:13 Local Network Recommendation? 40:55 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 123: Straight Up Tuesday Tip 23 - Rosario Terracciano Answers "What should buyers expect in 2022?" 12:01
What should buyers expect in 2022? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Rosario Terracciano from Clickinvest Link: AttomData.com ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 122: A Case Study on Three Chicagoland Deals in a Low-Inventory Environment with John Warren 51:37
Can’t find a deal in this Chicago Real Estate Market? You are not alone! John Warren of Presto Properties joins us to discuss how he acquired his 3 most recent properties. John discusses properties he purchased in Bellwood, Albany Park, and Cicero. He shares how he acquired each deal, the strategy implemented, the nuances, and lessons learned. While breaking down the deals, John elaborates on partnerships, stabilized vs. value-add properties, and how he is growing his team to continue to scale efficiently. Lots of golden nuggets in this episode from one of Chicagoland’s finest! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: John Warren from Presto Properties Link: Get Rich Education Podcast Link: Yan Pesotskiy LinkedIn (Local Network Recommendation) Sponsors: GC Reality and Kiser Group ----------------- Guest Questions 03:18 House Provider Tip: Use the time-stamp camera app! 04:50 Intro to our guest, John Warren! 07:30 Deal #1 - How did John find his Bellwood deal? 09:29 Why did John sell his previous building and use a 1031 exchange to buy the Bellwood building? 11:40 How did John get familiar with Bellwood and what went into the due diligence process? 13:03 What’s the permitting process like in Bellwood? 14:35 What were the lessons learned on the Bellwood property? 15:55 Deal #2 - How did John find his Albany Park deal? 17:25 What are the main differences between buying stabilized properties compared to value-add properties? 18:43 What are some things to consider when determining whether or not to enter into a partnership?. 20:50 How is John structuring his partnerships? 21:39 What was John’s outlook when recently making the decision to buy a stabilized multi-family compared to value-add? 24:40 Is John outsourcing management or keeping it in-house? 27:17 What were the lessons learned on the Albany Park property? 28:57 Deal #3 - How did John find his Cicero deal? 30:42 What was the background on the deal? 31:48 How did John assess the risk of buying the building sight unseen? 33:00 What are the numbers on this deal? 35:42 How has John handled tenants when coordinating the heavy rehab of the building? 37:00 How to get existing tenants to relocate when they are currently paying substantially below market rent? 39:45 What were the lessons learned on the Cicero property? 41:25 What are John’s plans for his local meetup in 2022? Wrap Up Questions 43:00 What is John’s competitive advantage? 46:33 One piece of advice for new investors. 47:04 What do you do for fun? 47:28 Good book, podcast, or self development activity that you would recommend? 48:00 Local Network Recommendation? 48:42 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

Dr. Brad Hunt of Loyola University’s Department of History joins the show to educate us on the complicated history of Chicago’s Public Housing developments and why real estate investors should care. Brad is the author of Blueprint for Disaster , in which he traces Chicago’s Public Housing history and transformation under various government administrations. Leveraging this knowledge of poorly operated public housing in Chicago, Brad is able to share what he would do differently and how investors can use this knowledge to be better housing providers. If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Brad Hunt, Loyola University Chicago Department of History Link: Blueprint for Disaster: The Unraveling of Chicago Public Housing Link: Loyola University Chicago's Department of History Sponsors: Pentwater Cabinetry and Kiser Group ----------------- Guest Questions 02:25 House Provider Tip: Thoroughly screen tenants and ask for additional documentation (tenant will always provide info that makes them look good)! 05:30 Intro to our guest, Brad Hunt! 06:38 How did Brad select his career path? 08:38 What is the high-level overview of Brad’s book, Blueprint for Disaster , and why did he write it? 13:00 What are some examples of “cost-cutting” used in Chicago Public Housing that had significantly negative impacts? 16:10 How did Public Housing begin to get a negative stigma? 20:54 How did screen changes impact the feel of Public Housing? 22:50 What tenant mix would be ideal to optimize how Public Housing runs? 26:20 How did Chicago Public Housing maintenance costs compare to other cities? 34:13 What was going on in Public House leading up to the crack cocaine epidemic in the 1990s? 40:50 Why are certain Public Housing developments being preserved while others have been torn down? 42:52 What would Brad change about the way Public Housing is run today? Wrap Up Questions 45:44 What is Brad’s competitive advantage? 46:04 What is the one piece of advice for new investors looking to buy their first property in Chicago? 46:31 What do you do for fun? 47:12 Good book, podcast, or self development activity that you would recommend? 48:34 Local Network Recommendation? 49:42 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 120: Straight Up Tuesday Tip 22 - Perry Farella Answers "What are the new 2022 conventional and FHA loan limits?" 11:29
What are the new 2022 conventional and FHA loan limits? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Perry Farella of Prime Lending ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

Thinking about buying Real Estate or a Yacht in the Metaverse? Want to learn more about the Metaverse, Blockchain, and other innovations that will impact your real estate strategy? This episode will scratch that itch! Simon Enwia of Flawless Homes shares mind-blowing insight on developing technologies in real estate! Before jumping in, Simon lays out his background as a Chicago investor and breaks down the nuances and hidden-value in mixed-use buildings. He then transitions into the concept of Tokenization and how this will affect the general public. Simon closes out by explaining Real Estate in the Metaverse and what we can expect to see in the future! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Simon Enwia, from Flawless Homes | LinkedIn Sponsors: Kiser Group and ClickInvest ----------------- Guest Questions 02:45 House Provider Tip: Stop using mailboxes with keys if possible! 04:20 Intro to our guest, Simon Enwia! 05:10 How did Simon start investing in Chicago? 06:19 What was the first big “scary” project that Simon worked on? 08:06 What are the nuances of mixed-use buildings? 10:45 How did Simon get into mixed-use buildings? 12:00 What is the history of Flawless Homes? 12:57 Why should investors care about Blockchain and does it impact real estate? 16:13 How will Blockchain impact real estate agents and brokerages? 19:00 What is the potential of Blockchain in the real estate market? 20:34 What is the definition of Blockchain? 22:34 What is Tokenization? 24:41 How will Tokenization help the general public and their ability to get involved in real estate? 25:46 How are “Tokens” different from shares or stocks? 26:55 What are some real estate inefficiencies that will get eliminated because of Blockchain and other technologies? 28:35 What other technological advances should investors be mindful of? 29:50 What is the Metaverse in real estate? 31:41 Simon’s final thoughts and tips on real estate in the current market and moving forward. Wrap Up Questions 32:58 What is your competitive advantage? 33:17 What is the one piece of advice for new investors looking to buy their first property in Chicago? 33:27 What do you do for fun? 34:07 Good book, podcast, or self development activity that you would recommend? 34:29 Local Network Recommendation? 34:58 How can the listeners learn more about you and provide value to you? Thanks for tuning in! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 118: From Derivatives Trading to Chicago Real Estate Investing and Brokering with Lawrence Dunning 59:16
New development strategies, hot Chicago areas, derivative financing trading, long-term holds, and an Englishman! This episode is packed with nuggets across the board. With a background in finance and derivatives trading, Lawrence Dunning has shifted his analytical skills to real estate and is making a name for himself by linking developers to long-term investors before inventory hits the market. Lawrence explains how the pandemic has affected the economy and real estate in Chicago. We had him drop street-level knowledge on areas that he’s bullish on and directing his buyers towards. He also talks about the value of new construction buildings and how they compare to rehabbed buildings. He closes out the episode with how to project taxes on new construction and some pretty amazing stories on his background! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Lawrence Dunning, Main Street Real Estate Group Link: Lawrence Dunning LinkedIn Link: Enter the Lionheart Podcast Sponsors: Kiser Group and ClickInvest ----------------- Guest Questions 03:37 House Provider Tip: Be sure to check up on properties during these frigid cold days/weeks of the year! 05:47 House Provider Tip: Intro to our guest, Lawrence Dunning! 06:58 How has the pandemic impacted our economy and the asset classes? 08:41 Why did Lawrence choose to dive into real estate out of all the asset classes? 13:54 In retrospect, what areas of the city and what types of real estate had noticeable changes as a result of the pandemic? 15:50 What is Lawrence’s business model and what areas is he focusing on? 19:08 How is Lawrence finding inventory for his clients in hot areas like Pilsen? 22:58 Where would Lawrence take a new investor who can’t buy a new construction, but is looking for a solid but attainable investment? 25:15 Who is buying new construction buildings and how does new construction compare to rehabbed buildings? 28:50 What other areas is Lawrence seeing with good investment opportunities? 33:50 What are some signs or things to look for in an area that is or will be experiencing development? 38:54 What is the approximate cost per square foot of new construction? 41:18 How to estimate taxes on new construction? Wrap Up Questions 47:21 What is Lawrence’s competitive advantage? 48:32 What is the one piece of advice for new investors looking to buy their first property in Chicago? 49:57 What do you do for fun? 52:10 Good book, podcast, or self development activity that you would recommend? 54:18 Local Network Recommendation? 55:45 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 117: Straight Up Tuesday Tip 21 - Blake McCreight Answers "As a buyer, how can I find wholesalers, get them to work with me, and what should I expect throughout the process?" 12:37
As a buyer, how can I find wholesalers, get them to work with me, and what should I expect throughout the process? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Blake McCreight of Express Property Solutions ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 116: CAA’s Advocacy and Education for Chicagoland Housing Providers with Tom Benedetto 38:20
On today’s episode, our guest Tom Benedetto explains how the Chicagoland Apartment Association (CAA) is a strong voice in the fight for fair and lawful protection of Housing Providers across Chicagoland. Tom shares CAA’s mission statement, the issues they are currently tackling, and the biggest challenges in the push for advocacy. Lastly, Tom closes with the goals that CAA has for the near future and how investors can get involved to support the fight. Listen in and if you find value in today’s episode, please leave us a 5-star review and recommend us to a friend! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Tom Benedetto, Chicagoland Apartment Association Link: Freakonomics Podcast - Why Rent Control Doesn’t Work Link: Shape Illinois - Supporting Housing Affordability, Progress, and Equality Link: The On-The-Way Delivery Platform | Roadie, A UPS Company Sponsors: Kiser Group and ClickInvest ----------------- Guest Questions 03:16 House Provider Tip: Setup keys or electronic access for maintenance purposes to avoid unnecessary trips to your property. 06:30 What is the CAA? 08:04 What does CAA do for investors? 09:43 At which point does it make sense for an investor to become a member of CAA? 10:44 What makes you passionate about this work? 12:39 What issues does CAA advocate for and take a lead on? 14:06 How does CAA work alongside other real estate advocacy organizations? 18:39 How do the recently passed Rent Control Referendums in the Twin Cities impact CAA’s work? 19:49 What is Rent Control and what are the real reasons investors are against it? 21:38 What are the main topics/issues that CAA is currently focusing on? 23:15 How is CAA effectively communicating with busy legislators to ensure they are being heard? 24:51 What are the biggest challenges that CAA faces during their daily work? 26:40 What other resources does CAA have that investors could use for education? 28:40 What would Tom like to see CAA accomplish 5 years from now? Wrap Up Questions 31:04 What has been your competitive advantage? 31:50 One piece of advice for new investors. 32:29 What do you do for fun? 33:30 Good book, podcast, or self development activity that you would recommend? 34:37 Local Network Recommendation? 35:25 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for tuning in! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 115: The Current State of Chicago’s Northside Real Estate Market with Managing Broker Brie Schmidt 55:56
Wondering if it’s time to jump into the Chicago Real Estate Market? Brie Schmidt provides a recap of the 2021 market and dives into the current trends and expectations for 2022. Brie explains how low inventory has impacted the market and how buyers have had to readjust their expectations. She also discusses lending challenges on properties in her area of expertise, Chicago’s North Side. Brie drops street-level knowledge on neighborhoods and how buyers in different life stages are choosing where to invest. If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Brie Schmidt of Second City Real Estate Link: Getting Things Done (Book Recommendation) Sponsors: Kiser Group and Pentwater Cabinetry . ----------------- Guest Questions 00:58 Negotiation tips to facilitate your transactions. 04:17 House Provider Tip: Choose a discreet location for your lockboxes to avoid break-ins! 06:50 What was the most surprising part of 2021? 09:30 How have buyers been reacting to the lack of inventory and how is inventory today? 12:20 How is Brie handling buyers and helping them purchase investment properties during a hot seller’s market? 18:28 What is the common dilemma buyers wrestle with in this seller’s market and what’s an alternative perspective they can take? 21:00 How is the conversation on a purchase different when comparing house hackers to straight up investors? 23:10 How have lending and rates changed during this hot market and the pandemic? What have been some of the challenges? 27:17 What neighborhoods saw the largest growth in 2021? 30:30 How have some fringe neighborhoods changed over recent years? How do buyers reset their tenant expectations in these areas? 34:38 Considerations investors should have when analyzing buildings with deferred CapEx and maintenance. 36:26 What are Brie’s thoughts on the City’s issues with taxes, pensions, and crime? 43:42 Other perspective changes buyers can/should make in today’s market? 46:51 What neighborhoods are over-inflated? Wrap Up Questions 48:57 What is Brie’s competitive advantage? 49:34 One piece of advice for new investors. 50:27 What do you do for fun? 51:58 Good book, podcast, or self development activity that you would recommend? 52:20 Local Network Recommendation? 53:48 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 114: Straight Up Tuesday Tip 20 - Perry Farella Answers "How are lenders handling ADU requests from investors looking to add a legal unit to an existing property?" 12:10
How are lenders handling ADU requests from investors looking to add a legal unit to an existing property? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Perry Farella of Prime Lending | Perry's Blog ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

World Relief Organization (WRO) Chicagoland is a humanitarian organization whose focus is to aid refugees and immigrant families in finding housing and rebuilding their lives in Chicago. As a Chicagoland housing provider, there is not only good that you can do by partnering with WRO, but you can also benefit from a stream of applicants with specified subsidies. Today WRO’s own Susan Sperry and Nathan White talk about the organization’s mission, services, challenges with resettling families, and how others can provide value to WRO. It’s easy to focus on goals that serve our own needs, but our guests share great ways that investors and landlords can help a bigger cause while sustaining a profitable business. Listen in to learn how WRO is providing tremendous value to refugees and how it may tie into your business goals. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Susan Sperry and Nathan White of World Relief Organization Chicagoland Link: The Neighbor Project Link: The Lead Stories Podcast Link: Questions on Specific Housing or Opportunities with WRO Link: Questions for Nathan Sponsors: Kiser Group and Pavlovcik Architecture . ----------------- Guest Questions 01:51 House Provider Tip: Submit an FOIA request as part of your due diligence during the buying process. 03:50 Quick background on Susan and Nathan and how they ended up on the podcast. 06:20 Who is the World Relief Organization (WRO) and what is their mission? 08:28 What are the services that WRO provides? 10:21 What large refugee surges have there been in Chicagoland recently and historically? 12:55 How are refugees chosen to resettle in Chicago? 14:48 How can investors and housing providers be of assistance to WRO? 16:15 Why aren’t more landlords contacting WRO to fill vacancies and what are the challenges when trying to find housing for refugees? 21:58 Is there any specific type of housing or location that WRO is searching for? 25:10 How is WRO helping refugees with education? 29:12 What are other ways that listeners can provide value to WRO? 31:26 What is the typical housing size that WRO is searching for and how is WRO funded? Wrap Up Questions 32:18 What is the competitive advantage of WRO? 33:07 One piece of advice for anyone looking to work with WRO. 33:40 What do you do for fun? 34:13 Good book, podcast, or self development activity that you would recommend? 34:51 Local Network Recommendation? 35:25 How can we learn more about you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 112: Spotting Chicago Development Trends and Opportunities with Chicago Cityscape’s Casey Smagala and Steven Vance 45:12
So what happened in the Chicago real estate market in 2021 and where are we headed in 2022? Our guests today, Casey Smagala and Steven Vance both of Chicago Cityscape, are here to share data you won’t want to miss. Casey and Steven explain how their data aggregation software allows them to efficiently analyze neighborhoods and identify paths of progress. They present which areas in Chicago with planned developments that they are bullish on, and also provide insight on Additional-Dwelling Units (ADUs) and how the Pilot Program has unfolded since its inception. Casey and Steven close by providing their outlook on Chicago Real Estate and explain how the fundamentals to continuing growing are in place! Tune in to learn how Chicago Cityscape can help you save time and give you a competitive advantage when researching your next project! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Casey Smagala and Steven Vance of Chicago Cityscape Link: Chicago Cityscape Link: Chicago for Chicagoans Link: INVEST South/West Link: City of Chicago :: Additional Dwelling Units (ADU) Ordinance Sponsors: Pentwater Cabinetry and Pavelchak Architecture ----------------- Guest Questions 02:20 House Provider Tip: Ensure that tenants’ holiday decorations are being taken down and cleaned up in a timely manner! 05:20 What is Chicago Cityscape and who uses the software? 06:20 What is the advantage of using Cityscape? 08:15 What areas in Chicago saw the highest increases in sales and development in 2021? 11:15 Were Casey and Steven able to foresee any trends given available data? 12:30 What were the biggest surprises in 2021 after reviewing the data and what are the implications of converting a non-conforming unit into an Additional-Dwelling Unit (ADU)? 18:22 What areas in Chicago still have room to grow? 22:15 What are overlooked data points when trying to find hidden value in properties? 25:18 How did the 5 ADU pilot areas get selected? 28:55 Is Cityscape beneficial to smaller investors or who can benefit from Cityscape? 30:52 Overall, do you see Chicago continuing to trend positively given development data? Wrap Up Questions 36:45 What competitive advantage does Cityscape provide? 37:10 One piece of advice for new investors. 37:36 What do you do for fun? 39:10 Good book, podcast, or self development activity that you would recommend? 40:55 Local Network Recommendation? 42:25 How can we learn more about you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 111: Straight Up Tuesday Tip 19 - Blake McCreight Answers "What is a wholesaler and as an investor why should I care?" 10:07
What is a wholesaler and as an investor why should I care? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Blake McCreight of Express Property Solutions ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 110: The Future of Real Estate with Neal Bawa 1:00:37
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Regardless of which real estate assets you fancy, you are about to experience massive disruption in the upcoming years. That’s according to the mad scientist of multifamily and returning guest Neal Bawa (previously on episode 26). Neal drops a fascinating outlook on the retail sector, particularly shopping malls and their post-COVID recovery. He also shares why he believes cap rates will continue to compress, and the drastic effects of tokenization and 3D printing will have on REI. Listen in to get your mind blown and then leave us a review! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Neal Bawa of Grocapitus Link: Multifamily University Link: The World's Largest 3D-Printed Community Is Coming to Texas | Architectural Digest Link: Disruptive Trends with Neal Bawa - Multifamily University Link: Episode 26: Neal Bawa's Thoughts on Chicago, Opportunity Zones, and Current Economic Conditions Link: Lofty AI Sponsors: Appeal.tax and Essex ----------------- Guest Questions 02:38 Use technology and other resources to improve efficiencies and recapture time in your business! 06:35 What are Neal’s top disruptive trends in multi-family and his take on retail? 16:03 What is the final reason why most retail malls are not going out of business? 17:22 What is the future for small mixed-use buildings in typical neighborhoods? 20:32 Which sector is Neal focusing on? 22:55 How is the industrial/e-commerce sector projected to grow compared to multi-family? 24:30 How does Neal incorporate interest rate increases when underwriting? Neal debunks the myth of the relationship between cap rates and interest rates. 29:51 What does the future hold as cap rates continue to compress and how do cap rates in the United States compare to other developed economies in the world? 32:49 Will wages keep up with inflation and how this impacts rent increases? 37:20 Will the amount of people renting increase and how home affordability has changed? 38:42 What is tokenization in real estate and which players are leading the charge of tokenization? 49:35 How will 3D printing change real estate investing? Wrap Up Questions 54:18 What is Neal’s competitive advantage? 55:09 One piece of advice for new investors. 56:10 What do you do for fun? 57:17 Good book, podcast, or self development activity that you would recommend? 57:47 Local Network Recommendation? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

You know how you see larger developments on major intersections and wonder “who’s doing that?” Well the answer is people like today’s guest Matt Katsaros. Matt started his real estate career as a top-performing commercial broker at Kise before transitioning to a director of acquisitions at Pangea. Those extraordinary experiences primed him for investing in Chicago and he has found his best returns to be in the development space. Matt provides tremendous insights into the unique due diligence process, and zoning process required for development. In addition he covers how to successfully raise money, structure deals, and handle the current supply chain mayhem. Matt finishes the episode with his thoughts on Chicago’s cap rates and why he’s anchoring down here. Tune in to learn about extreme scaling that will certainly get you out of your comfort zone. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Matt Katsaros of Wildwood Investments LLC Link: SUCI's Facebook video showing a post-demo, but before the open web trusses are installed. Link: Real Estate for Breakfast Sponsors: Appeal.tax and Pavlovcik Architecture ----------------- Guest Questions Housing Provide Tip Of The Week 08:15 Transitioning from brokerage to development in Chicago 14:56 Takeaways for your career from working w/Pangea 19:43 How to exponentially grow your real estate portfolio? 24:39 How are you finding deals and raising money? 27:51 What does it take to get a zoning approval in Chicago? 30:58 How have you adjusted your rehab budget with the Covid price increases? 34:37 How do you structure your investors’ payouts? 36:47 Real estate partnerships 41:44 Where do you see Chicago cap rates going in the next 12 months, 24 months? 44:46 Wrap Up Questions What is your competitive advantage? 51:48 Advice for a new investor? 52:56 What do you do for fun? 53:46 Self development activity? 54:22 Network recommendation? 55:13 How can we learn more about you? 55:57 That’s our show! Thanks for tuning in! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 138: Straight Up Tues Tip 28 - Mike Scanlon Talks Through How He Sourced An Off Market Househack Deal 14:41
Mike Scanlon walks us through the numbers, rationale, and challenges of a recent househack in Elgin. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Mike Scanlon from The Axon Group (EXP Realty) ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 137: Revitalizing Chicago’s Bronzeville Neighborhood via a $4 Billion Dollar Development with Morgan Malone 1:01:32
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Ever wonder what goes into planning a multi-billion dollar equitable development and how those principles can be applied to your investing? Morgan Malone joins us to break down how this can be accomplished while maintaining the character of a neighborhood. Morgan provides a history of the Bronzeville Lakefront Planned Development and a behind-the-scenes look into overcoming challenges associated with planning such a large-scale development. Morgan explains the multiple parties involved in such a large development and how she successfully works across multiple stakeholders, and ensures the community needs are being met. Morgan provides a strong, fact-based stance on the quality of the Bronzeville neighborhood and speaks to the challenge of planning equitable development while preserving the community's character and history. She closes with jewels of wisdom on building relationships within your community rather than solely focusing on the transactional elements of investing! If you enjoyed listening to today’s episode, please leave us a 5-star review and share us with a friend! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Morgan Malone of Farpoint Development Link: Farpoint Team Link: Morgan's LinkedIn Link: Bronzeville Lakefront Project (City Page) Link: Disco Demolition Night (Podcast Recommendation) Sponsors: Kiser Group , and Appeal.tax ----------------- Guest Questions 05:06 House Provider Tip: Optimize floor plans when possible particularly if gut-rehabbing units! 07:10 Intro to our guest, Morgan Malone! 08:30 What is Morgan’s background? 09:42 What is the background on the Bronzeville Lakefront Development project (former site of Michael Reese Hospital and Medical Center)? 13:43 What are the challenges of formulating and working with a team on large development projects? 16:13 How much direction did the City provide during the RFP process for the Bronzeville Lakefront project? 18:52 Was there any push back from the community on this planned development? 29:00 How did Morgan’s team market such a large scale project to the community? 38:42 How would Morgan respond to someone questioning the quality of the Bronzeville neighborhood? 41:10 What have been the biggest unforeseen obstacles on this Bronzeville Lakefront project? Wrap Up Questions 54:55 What is Morgan’s competitive advantage? 55:34 What is the one piece of advice for new investors looking to buy their first property in Chicago? 56:29 What do you do for fun? 57:00 Good book, podcast, or self development activity that you would recommend? 57:46 Local Network Recommendation? 58:25 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

Return guest (Episode 15) John Casmon drops in to share golden nuggets on how he separates himself from the competition in this tight market! John starts off by reminding us of his humble real estate beginnings which came via a house hack in the North Center neighborhood of Chicago. He explains how his flipping experience helped propel his growth despite facing adversity. John provides tips on how investors can create opportunities and separate themselves from their competition in this highly competitive environment. Mr. Casmon shares practical advice on deal screening, approaching investors for syndication deals, and finding a mentor/coach! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: John Casmon, Casmon Capital Link: Capital Impact Club (Coaching) Link: Multifamily Insights Podcast Sponsors: Kiser Group , and Appeal.tax ----------------- Guest Questions 03:09 House Provider Tip: Watch out for fraudulent rental applications! 05:44 Intro to our guest, John Casmon! 07:14 How does a newer investor get involved in multi-family real estate? 11:22 Why did John decide to get into flipping properties? 17:41 What experience did John gain flipping properties? 23:33 What motivated John to keep going after his struggles with flipping? 30:14 How can investors create deal opportunities in this limited supply market? 34:22 How can investors balance valuing properties based on current value compared to future value? 37:33 How do John and his team screen deals? 39:18 What is the difference between syndicating and joint-venturing a real estate deal? 42:31 What is it like to approach investors with a deal? 47:15 What’s the best way to get connected with a mentor/coach? 49:39 What made John start his podcast and how has it helped his growth? Wrap Up Questions 52:40 What is John’s competitive advantage? 52:57 What is the one piece of advice for new investors looking to buy their first property in Chicago? 53:49 What do you do for fun? 54:02 Good book, podcast, or self development activity that you would recommend? 55:12 Local Network Recommendation? 55:50 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 135: Straight Up Tuesday Tip 27 - Jake Parker and Andy Friedman Answer "What is a Condo Deconversion and How Can Investors Benefit From Purchasing a Deconversion Opportunity?" 13:33
What is a condo deconversion and how can investors benefit from purchasing a deconversion opportunity? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jake Parker & Andy Friedman from Kiser Group ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 134: Building Affordable Housing Through Modular Construction in Chicago with Josh Braun 57:04
Interested in Modular Housing? Josh Braun explains modular housing and how he’s been able to be a pioneer in Chicago Modular Housing Construction. Josh starts off by talking about his start in real estate and his early interactions with the City’s Building Department. He discusses the specs of his different finished products and lessons learned that have helped him evolve his business. Josh shares how he was able to be a pioneer in Chicago’s modular construction housing space. He closes by providing insight on 3D printing and the future of housing construction. If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Josh Braun, from Kinexx Modular Construction Link: Book Recommendation: The Machine That Changed the World Link: Local Network Recommendation: Jim Darrow of Essex Realty Sponsors: Kiser Group , and GC Reality ----------------- Guest Questions 03:45 House Provider Tip: Do your due diligence on the HOA of condos and townhomes! 05:41 Intro to our guest, Josh Braun! 06:59 How did Josh get into real estate? 19:06 Josh’s story of receiving a stop work order from the City of Chicago. 20:32 How does modular housing work from an economic standpoint (i.e. how is this profit margin created when it’s intended to be affordable housing)? 22:35 What is the definition of a modular home? 23:45 What are the standard specs on a finished modular home by Kinexx? 26:03 Are the homes built on slabs and is there any evidence that they are modular homes compared to traditionally built homes? 26:56 What did Josh learn on his first modular home project that helped him evolve his business? 29:45 Where is Josh building these modular homes? 31:41 How are end users finding Josh’s modular homes and how are they financing the homes? 34:52 What were the initial challenges with Alderman and elsewhere to get started? 39:00 What is Kinexx’s standard build and how does Kinexx interact with the end user? 40:40 What is unique about building modular homes in Chicago? 42:40 Is 3D printing on Josh’s radar and how can 3D printing impact modular homes building? 45:09 What is Josh seeing from his competition? Wrap Up Questions 49:22 What is Josh’s competitive advantage? 49:49 One piece of advice for new investors. 50:24 What do you do for fun? 50:55 Good book, podcast, or self development activity that you would recommend? 51:35 Local Network Recommendation? 52:35 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 133: Leveraging Your IRA to Fund Your Chicago Real Estate Investments with Adam Sypniewski 46:40
Did you know that you can raise or deploy funds found in IRAs to invest in Real Estate? Adam Sypniewski joins us to break down how this can be accomplished. Adam kicks things off by defining an IRA and explaining the limitations when withdrawing IRA funds. He dives into the different ways investors can leverage their IRA funds or someone else’s funds to invest in real estate. Adam talks about rules and regulations along with things to consider when using IRA funds in partnerships. He closes with pitfalls to avoid when structuring a deal involving an IRA so you can be prepared to implement this strategy! If you enjoyed listening to today’s episode, please leave us a 5 star review and share us with a friend! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Adam Sypniewski from Midland Trust | LinkedIn | Email Adam (adam@midlandtrust.com) Sponsors: Kiser Group , GC Reality , and Prime Lending ----------------- Guest Questions 02:10 House Provider Tip: Plan ahead and knock out spring projects! 04:50 Intro to our guest, Adam Sypniewski! 06:00 How did Adam start working in the IRA space? 07:10 What is an IRA? 09:15 What are the rules and limitations of pulling funds out of your own IRA? 10:43 Why would someone want to pull from their IRA to use their capital in real estate? 12:42 How have IRAs been around? 14:13 What are the limitations of investing through an IRA compared to any other money market? 16:28 What opportunities/options are there for individuals wanting to use their IRAs to invest in real estate? 20:20 How does funding a deal with an IRA differ from having liquid funds to acquire a property? 21:54 How can investors be on the debt-side or equity-side of deals when investing with their IRAs? 24:58 Aside from ensuring there is a papertrail, any other requirements investors should be aware of when investing with their IRA? 27:34 Is there a specific demographic investors who are looking for private capital should be targeting? 29:27 What are an IRA’s typical repayment terms? 33:46 How do distributions for repayment to an IRA work in partnerships? 36:23 What happens if IRA funds are lost? 38:20 While an investor is holding a property in their IRA, the traditional real estate tax benefits do not apply, correct? 39:37 Any other tips for investing with your IRA? Wrap Up Questions 40:22 What is Adam’s competitive advantage? 41:42 What is the one piece of advice for new investors looking to buy their first property in Chicago? 42:11 What do you do for fun? 42:36 Good book, podcast, or self development activity that you would recommend? 43:13 Local Network Recommendation? 43:40 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 132: Straight Up Tuesday Tip 26 - Jake Fugman Answers How to Break Down a 3-Unit Househack in Hermosa 16:06
Jake Fugman walks us through the numbers, rationale, and challenges of a recent househack in Hermosa that our listeners can learn from. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jake Fugman, The Axon Group (EXP Realty) ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 131: From Immigrant to Thriving Chicago Real Estate Broker Via the Power of Marketing with Aram Ghazaryan 51:48
Want to know how to take your real estate marketing to the next level to grow your business? Our guest Aram Ghazaryan provides insight on how to differentiate yourself from your competition! Aram explains his tremendous story of how he got into real estate at the young age of 21 and methods used to achieve great success after 5 years in the business! He shares how to consistently put out engaging social media content and the importance of connecting with followers on an emotional level. He talks cold-calling as a new agent, flipping for the first time, and becoming a source of knowledge for many Chicago neighborhoods and its suburbs. Aram closes by talking about how he is executing real estate transactions and how he is able to be an asset for his clients! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Aram Ghazaryan from RE/MAX | Instagram | Aram's Other Pages Sponsors: Kiser Group , GC Reality , and Prime Lending ----------------- Guest Questions 03:41 House Provider Tip: Be mindful that the higher rents that come with the CHA Mobility Program can go away - underwrite deals using market rents! 04:10 Intro to our guest, Aram Ghazaryan! 06:05 How is volatility being seen in the lending market? 07:04 How did Aram decide to jump into real estate at the young age of 21? 09:25 How did Aram’s perspective on opportunity for success change when he moved to the United States? 10:47 What were Aram’s first thoughts on Chicago? 12:23 How did Aram get his first deal as a broker? 13:55 What are some of the lessons learned from cold calling? 16:05 How did Aram develop his social media marketing? 20:22 How is Aram translating his following on social media to his real estate business? 23:40 How did Aram acquire knowledge on so many different suburbs? 25:10 How does an introvert work up the courage to put themselves out there for marketing? 27:44 How is Aram translating lead generation to being an asset and executing for his clients? 32:22 How does Aram deal with buyers looking to low-ball sellers and how does he set expectations? 34:34 Is Aram doing all the marketing himself or outsourcing? 35:52 How did Aram start flipping and what are some of the lessons learned so far? 40:28 What are the projected numbers on Aram’s first flip? Wrap Up Questions 43:38 What is Aram’s competitive advantage? 44:56 What is the one piece of advice for new investors looking to buy their first property in Chicago? 45:22 What do you do for fun? 45:55 Good book, podcast, or self development activity that you would recommend? 47:11 Local Network Recommendation? 48:34 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

Return guest Chris Puleo drops in to share a lending market update! Chris starts off by commenting on the volatility in the market and looks back on how the pandemic shaped what is happening today. He explains “bait and switch” and the questions you should be asking your mortgage lender. Chris dives deep into the different loan programs available in today’s market. Chris also delivers Chicago-specific advice on how to navigate the loan process when dealing with non-conforming units! If you enjoyed listening to today’s episode, please leave us a 5 star review and share us with a friend! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Chris Puleo, Neighborhood Loans Link: SUCI Merch Store Sponsors: Kiser Group and GC Reality ----------------- Guest Questions 02:33 House Provider Tip: Be aware of freeze and thaw cycles during the Spring season! 04:10 Intro to our guest,Chris Puleo! 05:40 How is volatility being seen in the lending market? 07:37 How did the pandemic create artificially low interest rates? 09:18 Why does inflation increase interest rates? 11:02 Chris explains “float down” options as it relates to interest rates. 13:05 Are there any good indicators for trying to project the direction of interest rates? 16:06 What is “bait and switch” and what should people watch out for? 19:35 Is Chris seeing a lot of new real estate agents and lenders in this hot market? 24:05 What are other low-down payment options aside from FHA? 26:42 How do “gifts” work in the lending industry? 28:33 What COVID restrictions were previously in place that lenders have lifted? 30:30 What do the requirements look like for self-employed individuals seeking a loan? 32:45 What are some of the programs for investment loans? 35:15 What are things to consider when looking to purchase a building with a non-conforming unit? 38:54 Is there a premium paid for a cash-out refinance compared to a rate-and-term refinance? Wrap Up Questions 43:20 What is Chris’ competitive advantage? 44:14 What is the one piece of advice for new investors looking to buy their first property in Chicago? 44:23 What do you do for fun? 45:17 Good book, podcast, or self development activity that you would recommend? 45:47 Local Network Recommendation? 46:42 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 129: Straight Up Tuesday Tip 25 - Ron Plonis and Jeff Leibovich Answer "What are the Many Factors Investors Must Consider if they are Looking to Sell in This Hot Market? 13:48
What are the many factors investors must consider if they are looking to sell in this hot market? (And buyers need to know this info as well!) Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Ron Plonis & Jeff Leibovich from Kiser Group ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

Ever wonder what it takes to convert a condo building into rental apartments? Sean Connelly of 33 Realty explains the ins and outs of deconverting condos as an investment strategy. Sean starts by defining basic terms and the strategy associated with deconverting condos. He then dives into the more technical aspects of underwriting and handling negotiations with owners and associations. Sean closes out the episode by forecasting the future of condo deconversions in Chicago and explains why he is bullish on the “Capital of the Midwest”. If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Sean Connelly from 33 Realty Link: Sean Connelly | 33 Realty Sponsors: ClickInvest and Kiser Group ----------------- Guest Questions 02:56 House Provider Tip: Ensure that property condition and cost of unit turn-overs is properly being taken into account! 06:10 Intro to our guest, Sean Connelly! 07:37 What is a condo deconversion? 08:48 What is driving the surge of condo deconversions? 10:05 What is a T-12 (i.e. trailing 12 months of expenses)? 10:53 What are the expectations from the HOA during this deconversion process? 11:57 How did Sean and his group get into condo deconversions? 14:24 What is the acquisition strategy? 15:35 What type of timeframe can be expected to deconvert? 18:47 How are tenants treated when purchasing a rented condo to deconvert? 21:04 What is the process like when dealing with owner-occupants who likely won’t be in favor of deconverting? 22:44 How are taxes underwritten when deconverting? 24:07 Is there a typical strategy as it relates to separating utilities, updating mechanicals, etc? 27:31 Sean walks through the high-level process of deconverting. 31:10 How are meetings with a larger group of owners/investors handled? 32:49 How are special exceptions and general negotiations handled? 37:26 Are people generally looking to purchase multiple condos in smaller buildings to have a larger share of ownership? 38:47 What does the future look like for this condo deconversion strategy? Wrap Up Questions 42:09 What is Sean’s competitive advantage? 42:29 One piece of advice for new investors. 42:48 What do you do for fun? 43:20 Good book, podcast, or self development activity that you would recommend? 43:40 Local Network Recommendation? 44:15 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 127: Scaling From W2 Employee to over 1,400 Units in Chicago’s South Side with David Pezzola 1:00:45
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Think it’s possible to scale to 80 rental units while working a W2 job? We know it sounds tough, but our guest David Pezzola explains how he did that and then continued on to build a massive portfolio! David shares insights on how was able to grow and manage his large portfolio while having his W2 job. He then talks about his post W2 investment journey including his acquisition strategy and lessons learned. David closes out with why Chicago is the “mutual fund” of cities and why he continues to be bullish on investing here! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: David Pezzola, from Icarus Investment Group Link: Rich Dad Poor Dad (Book Recommendation) Link: Chris Puleo (Lender) Sponsors: GC Reality and Kiser Group ----------------- Guest Questions 02:42 House Provider Tip: Seal holes/gaps inside and outside your property to prevent animals from getting in! 04:54 Intro to our guest, David Pezzola! 05:40 How did David get to 80-units and how did he balance owning that many units while working a W2? 07:56 How was David financing his deals while scaling? 09:38 Does David see similarities between the West Loop prior to its emergence and any neighborhoods currently? Why did David hold on to his W2 for as long as he did? 12:12 After establishing a credit line to allow for acquisition/scale, what was the next step? 14:48 What was the extent of the rehab when beginning to scale? 19:13 What goes into making a condo warrantable? 21:02 What are some of the lessons learned while David was scaling? 25:09 What were some of the management challenges in the south side of Chicago? 28:36 How has David’s group improved management efficiencies? 30:50 How did David purchase 300 units near Midway Airport? 34:45 What advice would David give to new investors on Section 8 rentals? 37:10 Why is David still bullish on the south side and on Chicago in general? Wrap Up Questions 45:56 What is David’s competitive advantage? 48:16 One piece of advice for new investors. 50:26 What do you do for fun? 52:25 Good book, podcast, or self-development activity that you would recommend? 53:45 Local Network Recommendation? 56:15 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 126: Straight Up Tuesday Tip 24 - Danny Mantis and Matt Halper Answer "How is inflation effecting the Chicagoland market?" 10:23
How is inflation affecting the Chicagoland market? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Danny Mantis & Matt Halper from Kiser Group ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

Thought about taking down a mixed-use building to improve your neighborhood’s streetscape? Not sure where to start? Our guest Nicholas Katsafados explains how he found a niche in mixed-use buildings and what other things he is doing to contribute to redevelopment in his neighborhood! Nicholas provides insight on how investing in mixed-use buildings differs from other types of buildings. He talks about neighborhoods and Wards along with the political implications. Nicholas elaborates on the importance of understanding Zoning and how this could be your competitive advantage. He closes out the episode with a fact-driven explanation for why higher-density Zoning helps neighborhoods emerge and the argument of this causing displacement of residents is not as drastic as portrayed in the media! If you enjoyed listening to today’s episode, please leave us a 5 star review and share us with a friend! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Nicholas Katsafados from Cobblestone Realty Group Link: Chicago Fair Housing Link: Cook County Just Housing Amendment Link: Avondale Bowl Sponsors: ClickInvest and Kiser Group ----------------- Guest Questions 03:22 House Provider Tip: Screen tenants consistently - abide by Fair Housing Laws! 05:05 Intro to our guest, Nicholas Katsafados! 06:15 How did Nicholas get started in investing here in Chicago? 07:43 How did Nicholas transition from his starting point of buying a condo to larger redevelopment projects? 10:55 Where is Nicholas focusing his investing today? 11:45 How do the financing requirements on mixed-use buildings differ from requirements on other types of buildings? 13:25 Any tips or advice for finding contractors to do facade work on mixed-use buildings? 15:25 What is the difference between a neighborhood and a Ward? 18:17 Are there any positives to how the Wards are delineated? 21:37 What role do Aldermen play in Zoning within their Wards? 23:32 What are some examples of how Zoning rulings impact development? 29:46 How can we as investors take action to address some of these political headwinds? 31:03 What are other ways investors can make their case when seeking support on their project’s Zoning? 34:42 How can there be a balance between neighborhood development and retaining existing residents? 41:26 What is Nicholas’ outlook on Chicago? Wrap Up Questions 44:30 What is Nicholas’ competitive advantage? 46:25 What is the one piece of advice for new investors looking to buy their first property in Chicago? 47:40 What do you do for fun? 48:01 Good book, podcast, or self development activity that you would recommend? 49:04 Local Network Recommendation? 49:55 How can the listeners learn more about you and provide value to you? That’s our show. Thanks for listening to another great episode! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

Wondering who is partnering with big developers to sell and lease their finished product? Our guest Aaron Galvin explains how his company is capturing a large market share in this space! Aaron provides insight on how his company’s focus on people and relationships has led to tremendous growth. He talks about the mistakes he made while growing his business and how he had to learn to “elevate and delegate”. Aaron elaborates on the importance of building a team that is aligned in its core values and vision. He closes out the episode with reasons for why he is bullish on our great city of Chicago! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Aaron Galvin from Luxury Living Chicago Realty Link: Aaron Galvin | CEO | Luxury Living Chicago Realty Link: The Messy Middle Sponsors: GC Reality and Kiser Group ----------------- Guest Questions 03:30 House Provider Tip: Prevent moisture and freezing on lockboxes by planning accordingly! 05:55 Intro to our guest, Aaron Galvin! 07:17 What was the original mission of Luxury Living Chicago? 09:20 What were some mistakes that Aaron made while scaling his business? 18:47 How did Luxury Living Chicago make a name for themselves to grow to the scale that they have? 25:05 What were some of the biggest challenges Aaron faced while growing his business? 33:55 How is Aaron connecting with big developers? 39:40 How is Aaron communicating opinions of value to his clients? 42:56 Why is Aaron bullish on Chicago despite the negative press it gets? Wrap Up Questions 46:41 What is Aaron’s competitive advantage? 47:27 What is the one piece of advice for new investors looking to buy their first property in Chicago? 47:57 What do you do for fun? 49:02 Good book, podcast, or self development activity that you would recommend? 50:00 Local Network Recommendation? 50:50 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.…
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Straight Up Chicago Investor

1 Episode 108: Straight Up Tuesday Tip 18 - Perry Farella Answers "What closing costs and credits can I expect on my HUD statement?" 16:39
What closing costs and credits can I expect on my HUD statement? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Perry Farella of Prime Lending | Perry's Blog ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

You may have already listened to our househacking from hell episode (Episode 89). Today, we don't have tenants stealing cars or anyone overdosing, but we do have typical obstacles faced with a first-time househack; all compounded with the fact that this project included a gut rehab. Our guest today, Alex Martinez, dove in head first, encountered numerous challenges, and has not only lived to tell about it, but he now owns a wonderful 3-unit building and accumulated more experience than most early investors. Whether you are experienced or just starting out, tune in as Alex candidly talks through his experience from start to finish to learn something new. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Alejandro Martinez of Century 21 SGR Link: Episode 89: My Tenants Stole My Car; The Chicago House Hack from Hell with Joey Pochinskas Link: Building Permit and Inspection Records: Agreement Sponsors: Appeal.tax and Pavlovcik Architecture ----------------- Guest Questions Housing Provide Tip Of The Week 02:14 Why did I buy my first investment property near the United Center? 05:06 What to look for when buying in a new Chicago neighborhood? 09:00 Understanding the negotiation & due diligence in a Chicago real estate transaction. 10:25 How do you look up City of Chicago building violations for a specific property? 16:49 Best advice when having to get plans and permits in Chicago! 18:40 Breaking down the emotional roller coaster of buying an investment property in Chicago. 22:32 Red flags looking back on my first Chicago rehab. 32:40 Wrap Up Questions Competitive advantage? 40:20 Advice for new investors? 51:10 What do you do for fun? 53:00 Self development recommendations? 53:50 That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

From toilets falling through ceilings, to gentrification, Gordy Payne has seen it all as a hands-on owner in Pilsen. Gordy took a chance on Pilsen due to its proximity to downtown and made a name for himself for his ability to restore beautiful vintage buildings. He fully committed to the community, and for this, the community has treated him well. Gordy provides a summarized oral history of Pilsen over the last two decades while pointing out rehab gotchas, investor nuggets, and local street-level nuances that all investors new or experienced can learn from. Tune in, get inspired, and learn something new.....and then leave us that review :) Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Gordy Payne from Pilsen Apts LLC | Email Gordy (pilsenapts@gmail.com) Link: Two New Affordable Developments Planned for Pilsen Sponsors: Appeal.tax and Pentwater Cabinetry ----------------- Guest Questions 04:30 City Of Chicago will fine you if you don't shovel your sidewalks! 07:18 What was the Neighborhood of Pilsen like in the 1990s? 10:59 What makes Pilsen residents so protective over their neighborhood? 13:28 Why was Pilsen attractive to investors in the early 2000s? 17:51 What is unique about the construction in Pilsen that Chicago investors need to plan for? 23:08 -What makes Pilsen floor plans unique? 24:22 What are potential tenant expectations in Pilsen, Chicago? 26:23 What year did Pilsen really start to turn into a neighborhood? 28:16 What does new construction look like in Pilsen? 33:54 What is the difference between the neighborhood Heart Of Chicago and Pilsen? 36:35 How has the City Of Chicago supported change in Pilsen? 38:33 Secret to success for Landlords in Pilsen. Wrap Up Questions 44:44 What is your competitive advantage? 45:50 You must fall in love with your property! 46:47 What do you do for fun? 47:11 Self Development activity? 48:09 Local Network Recommendation? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 105: Straight Up Tuesday Tip 17 - Sharad Mehta Answers "What are tactical steps to follow when sending, responding, and tracking mailers?" 13:37
What are tactical steps to follow when sending, responding, and tracking mailers? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Sharad Mehta of REsimpli ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

Today, Tom and Mark have an excellent conversation with Judy Frydland, who served as the commissioner of buildings for the City of Chicago from 2015-2020. A lot happened under her leadership including the streamlining of the permit process to make it simpler and more efficient than ever to get work done. Listen in on her story for some excellent advice on life and business and where Chicago is going from here. If you like today’s episode, be sure to leave us a review and share it with a friend. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Judy Frydland Link: Alternative Code Approval Request (ACAR) Process Link: Michael Glasser. - President - Magellen Properties Sponsors: Appeal.tax and Cost Seg Kev ----------------- Guest Questions Career progression and permit process changing 7:30 What was the hardest obstacle when transforming the department? 26:00 Nuances regarding Chicago building code? 28:15 What are you spending time on now? 32:30 What would you like to see more of? 34:30 Thoughts on ADU ordinance? 37:00 Wrap Up Questions What was your competitive advantage? 42:30 Advice for new investors? 45:00 What do you do for fun? 46:20 Self development activity? 47:40 Network recommendation? 48:15 How can we learn more about you? 49:15 That’s our show! See you next week! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

MOLD! It’s the scary four-letter word that investors never want to hear and it does not belong in a healthy property. However, a basic understanding of mold and its misconceptions in the marketplace will make you a better investor. After having a bad experience with a mold company, investor Greg Bukowsi saw a need in the market and made it his mission to assist similar investors with mold issues. In today’s episode, Greg and Devin explain what causes mold, why the Chicago market is ripe for mold problems, and how to analyze and tackle mold issues small or large. Please take ten seconds and leave us a review!!!! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Greg Bukowski and Devin Renberg of Moldman Chicago & St. Louis Link: Reducing Your Exposure To Mold Link: Mold and Your Health Link: Mold Sponsors: Appeal.tax and Essex ----------------- Guest Questions Get ready for winter, avoid frozen pipe lines. 01:20 Why I love being in the mold business 10:23 Key conditions for mold to grow 15:18 How do you know if there is mold behind the drywall?18:36 Protect yourself before buying mold issues 19:52 What is the root cause of Mold in Chicago or the Midwest? 22:28 Is it smart to use a store bought mold kit? 24:34 The relation between humidity and mold 26:54 How can I prevent mold in Chicago garden apartments 31:13 Wrap Up Questions Good news...it isn't always mold! 33:01 Difference between black mold & regular mold? 35:02 What to say as a Chicago landlord when mold is reported by a tenant 39:45 What makes a great mold vendor in Chicago? 43:54 One specific piece of advice you would tell someone that is yet to buy their first property here in the Chicagoland area. 45:26 That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 102: Straight Up Tuesday Tip 16 - Sharad Mehta Answers "How do I pull information and begin a direct mailing campaign?" 17:19
How do I pull information and begin a direct mailing campaign? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Sharad Mehta of REsimpli ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 101: Investing in Will County: Mokena, Frankfort, and New Lenox with Jason Marcordes 43:13
Will County is one of the fastest growing counties in Illinois, and when compared to Cook County, it offers a faster growth rate and a lot more room for development and expansion. As a second generation property manager and investor, Jason Marcodes from Landmark Property Manager, not only grew up in Will County, but grew up in the business. Today he outlines the economic growth in the far south and southwest suburbs while providing valuable data regarding population expansion in Mokena, Frankfort and New Lenox. Jason also explains how investors can find this information and leverage it to predict future growth. Listen in and if you find value in today’s episode, please leave us a review! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jason Marcordes of Landmark Realty Group Link: Will County Illinois Link: Will County Illinois > Residents > Property Taxes and Fees Link: Will County, Illinois Population 2021 Link: Economic Development - Mokena IL Sponsor: Appeal.tax ----------------- Guest Questions Housing Provider Tip of the Week 3:41 Guest Intro 6:54 How does Will County differ from Cook County 8:34 What to expect when investing in Mokena 10:39 Where is there opportunity in Mokena? 11:41 Real estate investing in Will County vs Cook County 13:46 Real estate investing & housing stock in Mokena 16:17 Property taxes in Mokena, Will County 20:51 The explosive growth in New Lenox 24:31 Wrap Up Questions How difficult Is It to be A housing provider in Will County? 26:50 Mokena’s Comprehensive Plan for a Growing population 28:00 Housing stocks in Mokena, New Lenox, and Frankfurt 29:27 As an investor where can I research statistics and growth plans? 31:39 Who lives in Frankfort, Illinois? 35:55 Dealing with the Village in New Lenox & Frankfort 39:27 Is There an opportunity to invest In Manhattan? 43:10 Looking To buy my 1st Investment in Mokena, Frankfort, or New Lenox 50:09 That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 100: A Group of Straight Up Chicago Investors Celebrate The Live Recording of Episode 100 24:49
In our first live recording, we celebrate 100 episodes by asking questions to the audience (see how many answers you know) and also answering multiple questions from attendees. We discuss our favorite parts of the podcast, lessons learned from interviewing multiple Chicago rockstars, whom we still want to interview, and the future of the Straight Up Chicago Investor Podcast. A sincere thank you to all who have listened, supported, and shared our content. We strongly believe in this community that you are helping to shape and we look forward to doing another 100 episodes with you. "I give you Chicago. It is not London and Harvard. It is not Paris and buttermilk. It is American in every chitling and sparerib. It is alive from snout to tail." —H. L. Mencken, journalist and cultural critic Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 99: Straight Up Tuesday Tip 15 - Jared Kott Answers "What are some tips on how to best screen workforce housing tenants?" 9:42
What are some tips on how to best screen workforce housing tenants? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jared Kott of Marblestone Properties ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
As this episode airs, several of the Chicago townships have already been reassessed, leaving many owners with an unpleasant increase in property taxes. Returning guest Tim Jacobs of KSN Law (appeal.tax), joins us to discuss what he’s seen in the Chicago townships that have been reassessed, and what he feels will happen in several townships about to be reassessed. Tim walks through the basics of how to look up your assessed value, calculate your taxes, and most importantly how to appeal your property taxes. Tim explains the appeal process, what data you can use to your advantage, and how to leverage a professional if you choose to engage one. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Tim Jacobs from Appeal.tax Link: Traction: Get a Grip on Your Business: Wickman, Gino: 0783324916904 Link: Cook County Assessor's Office: We are Here to Help Link: Cook County Treasurer's Office - Chicago, Illinois Link: Law Offices of Naheed A. Amdani, PC – What is a Real Estate Tax Reproration Agreement? Link: KSN Law Link: Ted Kuhlmann, Real Estate Agent in Chicago - Compass Sponsor: Prime Lending Sponsor: Appeal.tax ----------------- Guest Questions Understanding tax data 5:00 How have different townships been affected in Chicagoland? 9:15 How vacancy can change your tax assessment. 17:30 Do non paying tenants affect tax assessments? 24:00 Wrap Up Questions What is your competitive advantage? 37:15 Advice for a new investor? 38:00 What do you do for fun? 39:00 Self development activity? 39:45 Network recommendation? 40:30 How can we learn more about you? 41:00 That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

Samuel Pavlovcik is a distinguished self-certified architect who specializes in working with investors in Chicago and the surrounding villages and suburbs. Today Samuel walks us through the different permits in Chicago, the nuances of Chicago’s permitting process, and also what to expect when applying for a zoning variance. Samuel presents a candid overview consisting of expected wait times, gotchas to avoid, and what investors need to know and provide based on his experience of processing 100+ permits per year. Samuel provides a ton of valuable information that can set you up for success and minimize your headaches when dealing with the city. Referenced zoning cheat sheet - https://www.straightupchicagoinvestor.com/zoning-cheat-sheet Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Samuel Pavlovcik of Pavlovcik Architecture Link: Additional Dwelling Units (ADU) Ordinance Link: Zoning rules - Chicago Link: How to Win Friends & Influence People: Dale Carnegie: 8937485909400 Link: Stop Working and Start Living: How Building Your Dream Business Can Transform Your Life! Link: Home - Institute for Housing Studies - DePaul University Link: Chicago Residential Zoning Cheat Sheet Sponsor: Appeal.tax ----------------- Guest Questions How did you get into architecture? 6:00 Intro to Chicago permit process? 8:00 What does it take to be self certified? 9:45 Why would someone not get self certified? 11:30 What action always requires full plans and permits? 14:50 Differences in zoning categories? 22:30 How to get a zoning change? 27:15 Why is RM-5 beneficial to an investor? 29:50 What is Floor Area Ratio? 31:30 How does the ADU ordinance benefit investors and what is the process like? 34:30 Wrap Up Questions What is your competitive advantage? 40:00 Advice for new investors? 41:15 What do you do for fun? 41:45 Self Development activity? 42:10 Local Network Recommendation? 43:15 That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 96: Straight-Up Tuesday Tip 14 - Jared Kott Answers "How can I successfully operate properties in C/D areas?" 10:43
How can I successfully operate properties in C/D areas? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jared Kott of Marblestone Properties ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
After being routinely recognized as a successful multifamily broker, Kyle Shoemaker set out to create a rare brokerage that focuses solely on affordable housing. Kyle is a true expert and walks us through the nuances of affordable housing and unique challenges and opportunities presented in this space. Affordable housing can be complicated, which is why so few people specialize in it, but it is a great way to provide a seriously underserved need while sustaining a profitable business. Listen in on how you can dip your toes into this massive market. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Kyle Shoemaker of Affordable Housing Investment Brokerage Link: Home Landlords Project Based Voucher Link: What Is Section 42 Housing? Link: Low-Income Housing Tax Credit (LIHTC) | HUD USER Link: Promoting the Stabilization of Communities Link: S.1136 - 117th Congress (2021-2022): Affordable Housing Credit Improvement Act of 2021 Link: Season 1, Episode 1 - Six Stories Link: Applegate & Thorne-Thomsen: A Law Firm focused on Affordable Housing & Community Development Sponsor: Appeal.tax Sponsor: Pavelchak Architecture ----------------- Guest Questions How did you get into real estate? 6:20 What is affordable housing? 8:45 Housing based projects in Chicago? 10:15 What are the standards required to keep these contracts? 15:00 Section 42. 16:42 What are the challenges to get into this space? 23:10 How are these buildings marketed? 28:30 Why are there not more of these contracts? 29:30 How do the financials look compared to a conventional multifamily project? 35:00 Where do you see affordable housing going in the United States? 36:45 Wrap Up Questions What’s your competitive advantage? 39:00 Advice to get into affordable housing? 39:30 What do you do for fun? 40:24 Self development? 40:45 Network recommendation? 42:25 How can we learn more about you? 42:40 That’s our show! Tune in next week! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
The Community Investment Corp, or the CIC, has been a stalwart in Chicago since the 1970s and has reinvented the way owners can create affordable housing units for their communities. Stacie Young was just recently appointed the new President and CEO and she has lots of plans in the works. Today she comes to us to discuss the various ways investors can interact with the CIC, what the preservation compact is and how it is preserving affordable housing, how emergency rental assistance will unfold and whether or not it will be sticking around. Stacie also provides tremendous advice on how to get tax incentives from the city and so much more. If you like today’s episode, share us with a friend and leave a 5 star review! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Stacie Young of the Community Investment Corporation Link: The Preservation Compact Link: Illinois Emergency COVID-19 Rental Assistance Programs - chicookilrenthelp.org Link: The Splendid and the Vile: A Saga of Churchill, Family, and Defiance During the Blitz Sponsor: Pentwater Cabinetry Sponsor: Cost Segregation Services ----------------- Guest Questions What is affordable housing? 6:00 How do ADUs affect affordable housing? 7:20 What is the preservation compact? 11:15 Emergency rental assistance overview? 18:15 Tax incentive programs? 24:25 New neighborhood programs? 32:30 How can new investors get involved with CIC? 36:45 What’s next for you? 39:00 Wrap Up Questions Competitive advantage? 40:00 Advice for a new investor? 41:30 What do you do for fun? 42:00 How can we learn about you? 43:15 That’s our show! Thank you so much and tune in next week! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 78: Straight Up Tuesday Tip 8 - Chance Badertscher Answers "What are the steps and my responsibilities as an investor to get from attorney review to the closing table?" 11:16
What are the steps and my responsibilities as an investor to get from attorney review to the closing table? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Chance Badertscher of Lavelle Law ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

Roman Viere manages and operates over 900 apartment units, and the majority of these units are in Austin. Austin is geographically Chicago’s largest neighborhood and offers everything from a 9-hole golf course to struggling store fronts. It takes a hands-on approach to analyze, screen and operate in a neighborhood like Austin, and Roman provides tactical insights and street-level knowledge useful to anyone looking to scale on Chicago’s West Side. Did you learn something new from this episode? Please share it with a friend and leave us a review! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Roman Viere from Urban Alternatives Sponsor: Perry Farella of Prime Lending Sponsor: Appeal.tax Link: Greater Austin Development Association Link: Neighborhood Building Owners Alliance Link: Oak Park Regional Housing Center Link: West Cook Housing Homeownership Services Link: Am I Being Too Subtle? by Sam Zell Link: Devil In The White City by Erik Larson Link: Phillip Moore - Senior Law Officer at CIC Link: Summer Soiréé ----------------- Guest Questions Guest Intro 4:45 How did you get started in Austin? 5:16 What are the different pockets of Austin and what can it do for an investor? 7:09 Why are most opportunities on Washington Blvd? 9:14 Why is the cap rate in Austin higher? 9:56 What are red flags when screening C and D class incomes? 14:01 What vacancy factor should I use in Austin? 16:16 What maintenance factor should I use in Austin? 17:25 How do you handle chargebacks? 20:49 What is the price per door right now in Austin? 22:07 How have you adjusted your business based on the economy? 23:53 What is the upside to investing in Austin? 26:27 How have you become a part of the community in Austin? 31:11 What is the minimum amount of doors I need to be successful in Austin? 33:25 Why buy in Blue Island? 39:02 Wrap Up Questions What’s your competitive advantage? 41:22 Advice for new investors? 42:08 What do you do for fun? 43:24 Self development activity? 44:03 Local network recommendation? 44:58 How can we learn more about you? 45:49 Thanks for tuning into our show! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

Like many real estate professionals, Jonathan Klemm transitioned from a W-2; what is remarkable about him is his background working with Walsh Construction, which is one of Chicago’s largest construction and contraction companies. Jonathan has taken everything he learned about managing large scale projects and applied it to smaller, investor focused projects. Listen in as Jonathan explains his process, what sets his company apart and how to best position yourself to work with contractors. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jonathan Klemm of Quality Builders | Email Jonathan: Jonathan@qualitybuilders.com | Email Quality Builders: info@qualitybuilders.com Sponsor: Pentwater Cabinetry Sponsor: Appeal.tax Link: The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It Link: Remodeling and Repair - Installation Cost Calculators Link: The Lean Startup: How Constant Innovation Creates Radically Successful Businesses Link: Traction: Get a Grip on Your Business eBook: Wickman, Gino: Kindle Store Link: How to Win Friends and Influence People - Kindle edition by Carnegie, Dale. Self-Help Kindle eBooks Link: Prashanth Mahakali - Chicago, Illinois, United States | Professional Profile ----------------- Guest Questions Guest Intro 5:00 Takeaways from working at a large construction company for quality builders? 8:00 Questions to ask when interviewing contractors? 11:20 What’s expected of investors you partner with? 12:50 How does an investor's financing affect your timeline? 17:00 What items can cause a large change in price during the work? 25:00 How do you manage pricing variability? 27:00 How did you move from W-2 to self employed? 28:25 Wrap Up Questions What’s your competitive advantage? 37:45 Advice for new investors? 38:40 What do you do for fun? 39:15 Self development activity? 39:56 Local network recommendation? 40:45 How can we learn more about you? 41:45 That’s our show, thanks again for tuning in! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 75: Straight Up Tuesday Tip 7 - Rosario Terracciano Answers "What are proactive steps to ensure I'm ready to pull the trigger when the right property presents itself?" 7:43
What are proactive steps to ensure I'm ready to pull the trigger when the right property presents itself? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Rosario Terracciano of Clickinvest ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 74: Investing for Intergenerational Wealth in Evanston with Jaimie Steinher of Essex Realty 40:17
With the Lake, a world-class University, and a plethora of transportation, Evanston is an extremely attractive and diverse marketplace for many investors. Jaimie Steinher of Essex Realty exclusively covers Evanston, and provides on the ground insights to help you navigate the different pockets of the city. Jamie lays out cap rates, average rents, and tenant expectations in an episode packed with tangibl takeaways. If you like what you hear, please take the ten seconds to leave us a review and share with a friend who should be investing in Evanston. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jaimie Steinher of Essex Realty Group Sponsor: Essex Realty Group Sponsor: Appeal.tax Link: Edgewater Uptown Builders Association Link: Rogers Park Builders Group Link: REFF ----------------- Guest Questions Guest Intro and background. 6:14 High-level overview of Evanston 7:35 Velocity in Evanston 8:37 Different pockets of Evanston 9:32 Student-housing transactions 12:45 Effect of COVID on Evanston 13:40 General cap rates and other metrics in Evanston 15:55 Northwestern’s workforce as a tenant-base 23:02 Public transportation in Evanston 24:50 Evanston “gotchas” 27:13 Housing stock in Evanston 28:18 Thriving in a male dominated field 30:00 Wrap Up Questions What is your competitive advantage? 32:14 What is one piece of advice to someone who has yet to buy their first property in Evanston? 33:18 What do you do for fun? 34:05 Self-development recommendation 34:48 Network recommendation 36:08 How can we learn more about you? 37:30 That’s our show, thank you so much for tuning in! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

For many Chicagoans, the porch has been the focal point of countless memorable times. Since Covid, the importance of “outdoor spaces” in real estate has re-emerged as a priority for plenty of homebuyers, too. But how many investors know how to evaluate the build quality of a property with a porch? And what’s the process like when wanting to add a back porch to an existing property? How do you work with the city to ensure compliance? Frank Knight, AKA Mr. Porch, has built about 3,000 porches in the Chicago area and he’s here today to shed some information on this Chicago cultural phenomenon. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Frank Knight of Mr. Porch Sponsor: Exetor Sponsor: Appeal.tax Link: City of Chicago - Search Building Department Records Link: Pavlovcik Architecture Inc. Link: Law of Success: Napoleon Hill ----------------- Guest Questions Guest Intro and background. 6:30 How did you become Mr. Porch? 9:30 How is lumber pricing affecting your business? 13:15 Differences between a steel and wooden porch? 14:30 How should you evaluate existing porches on new properties? 16:00 How do you know if you have a violation on your porch? 19:00 Difference between replacing or modifying? 22:25 Are you a one stop shop or do clients need to go to other places? 25:45 Timeline for new porch? 28:45 How can I maintain the porch longer? 34:15 Wrap Up Questions What is your competitive advantage? 40:25 What is one piece of advice you'd give a new investor? 41:20 What do you do for fun? 42:00 Self development? 42:50 Network Recommendation? 43:00 How can we learn more about you? 43:45 That’s our show, thank you so much for tuning in! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 72: Straight Up Tuesday Tip 6 - John Warren Answers "What are some common mistakes I can look to avoid when calculating my after repair value and proposed rents?" 14:27
What are some common mistakes I can look to avoid when calculating my after repair value and proposed rents? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: John Warren of SecondCity ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 71: The Illinois REALTORS’ Advocacy for Housing Providers and Why Chicagoland Investors Should Care 42:20
We all know about the numerous laws either being proposed or already enacted affecting housing providers and investors. Groups like the Illinois Realtors Association, the NBOA, the CAR and others are working everyday to keep laws fair and protect people. Our guest today, Gideon Blustein, is the director of member outreach for the Illinois REALTORS and talks us through some of the current issues at the forefront of everyone's mind as well as how we can all get involved and benefit from these organizations. If you like what you hear today, leave us a review and share us with a friend. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Gideon Blustein of Illinois Realtors Sponsor: ChicagoREIA Sponsor: Appeal.tax Links: Senate passes bills creating affordable housing incentives, expanding telehealth services Links: Why Rent Control Doesn't Work (Ep. 373) - Freakonomics Freakonomics Links: Residential Tenant Landlord Ordinance | CookCountyIL.gov Links: RTLO in Cook County & What You Need To Know Links: Illinois REALTORS® Links: Ninja Selling Links: The South Side: A Portrait of Chicago and American Segregation Links: 7L: The Seven Levels of Communication: Go From Relationships to Referrals Links: Neighborhood Building Owner's Alliance – A Voice for Chicago's Building Owner's Links: Gideon Blustein - Joliet, Illinois, United States | Professional Profile ----------------- Guest Questions What does the Illinois Realtors Association do? 6:15 How do all the associations and boards work together? 8:45 Rent control in Illinois update. 10:45 Expectations for how rent control will evolve? 14:00 Why would people politically be against rent control? 17:15 How is the IAR helping landlords navigate the RTLO? 21:00 Does the RTLO have any effect on the RLTO? 25:15 What’s coming? 27:30 How is affordable housing quantified? 30:15 What does IRA do for individual Realtors? 32:00 Wrap Up Questions Competitive advantage? 33:40 One piece of advice you’d give a new investor? 34:30 Self development activity? 35:50 Network recommendation? 38:15 How can we learn more about you? 39:00 That’s our show! Thanks for tuning in! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

Ryan Smith is not an optimist, but a realist. With a stark numbers-based opinion, Ryan provides his thoughts on Chicago’s housing market, the strength and the validity of the recent appreciation, and how long it may take to get through upcoming foreclosure inventory. We’ve had Ryan on here before (Episode 28), but last time it was too good of a conversation so we had to bring him back. Listen in and if you learned something, leave us a like and share us with a friend! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Ryan Smith of Ryan Smith REO Sponsor: Pentwater Cabinetry Sponsor: Appeal.tax Links: Extreme Ownership: How U.S. Navy SEALs Lead and Win Links: Straight Up Chicago Investor Podcast: Expert Perspectives on Investing in Chicago Real Estate ----------------- Guest Questions What do you think of the appreciation lately? 8:00 Do you see outside capital coming to Chicago? 13:15 Are Chicagoans underwater? 15:45 How long did it take to get through the foreclosed inventory from the financial crisis? 28:15 Is there an opportunity to buy at the judicial sale level? 35:00 Do you see the same opportunity developing now as the last recession? 37:45 Wrap Up Questions What’s your competitive advantage? 44:45 What is one piece of advice you’d give someone looking to buy their first REO? 46:45 What do you do for fun? 48:00 Self development activity? 48:45 That’s our show! Thanks for tuning in! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 69: Straight Up Tuesday Tip 5 - Rosario Terracciano Answers "How can I make my offer more attractive in this hot market?" 8:51
How can I make my offer more attractive in this hot market? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Rosario Terracciano of Clickinvest ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

Lee Kiser is the co-founder of Kiser Group, a member of the Forbes Real Estate Council, and a wealth of knowledge in the Chicago market (and a local musician!). In today’s episode, Lee provides his thoughts on how today’s hot market differs from 2005, how institutional and private money has altered apartment investing in Chicago, and what neighborhoods are on the rise. Lee dishes out advice on subtle value-add opportunities, steps to avoid to ensure a smooth operation, and how to show credibility when interacting with brokers. Is there anyone else in your network that would also benefit from this free content? If so, don’t be bashful about sharing :) Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Lee Kiser of Kiser Group Sponsor: Exetor Sponsor: Appeal.tax Link: Lee Kiser - Forbes.com articles Link: 6FM - only live one we could find :) Link: Fetch Packaging Link: Stacy Young Link: Dean Huber ----------------- Guest Questions 6:21 Intro 8:15 Overview of the Chicago Market 10:45 - Comparing today to 2005 13:03 - How has institutional capital altered Multi-Family investing in Chicago? 14:59 - In which Chicago neighborhoods are you seeing the most activity? 17:03 - Proformas on an asset-by-asset and neighborhood-by-neighborhood basis 19:57 - Not so obvious ways to add value to your building 28:08 - Navigating negative migration in Chicago 31:43 - As a buyer, how do I differentiate myself to “jump the line” with a broker? 37:21 - Why do investors fail in Multi-Family? Wrap Up Questions What is your competitive advantage 40:35 Once piece of advice to someone who has yet to buy their first property here in Chicago? 41:13 What do you do for fun? 42:43 Book, Podcasts, or Self Development recommendation? 43:22 Local network recommendation? 44:05 How can we learn more about you? 45:02 That’s our show! Thanks for tuning in! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

Possibly the biggest consideration when taking on a rehab project is how to finance the deal. We’ve all considered hard money, FHA has their 203K loan program, and we’ve probably seen a late night commercial or two. Perry Farella of Prime Lending talks us through a loan program which is a cross between a conventional loan and hard money, something that you don’t even need to refinance out of once the property is stabilized. Listen in as Perry tells us more about this product and how it can be best used to fund your next Chicago rehab. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Perry Farella of Prime Lending Sponsor: ChicagoREIA Sponsor: Appeal.tax Link: How 2 Fund Renovation Blog Link: Be Your Own House Contractor: Save 25% without Lifting a Hammer ----------------- Guest Questions Background 5:00 How do you qualify for rehab loans? 9:45 How do you determine and support the ARV? 11:30 What is the closing timeline for these loans? 13:45 How does the draw process work for construction? 17:45 Do you need to refi out of this loan product? 21:00 Are there price thresholds these loans work best for? 22:00 What goes wrong? 27:00 Hot investment neighborhoods? 31:00 What would need to happen for credit to tighten? 38:45 Competitive advantage? 42:45 What is one piece of advice you’d give a new investor? 43:50 Wrap Up Questions What do you do for fun? 44:20 Self development recommendations? 45:20 Quality resources? 47:20 How can we learn more about you? 48:00 That’s our show! Thanks for tuning in! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 66: Straight-Up Tuesday Tip 4 - Eric Workman Answers "Besides rate and term, what other items I should ask about when talking to different lenders?" 8:25
Besides rate and term, what other items I should ask about when talking to different lenders? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Eric Workman of Renovo Financial ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 65: Figuring Out the Short Sale Process and Other Non-Traditional Closes with Gina Diaz 44:46
One of the most important team members that real estate investors rely on is their attorney. Not all closings are created equal and Gina Diaz explains some of the closing nuances both through the eyes of an attorney and as an investor. Gina provides great insights into how to successfully close on a short sale, what to be aware of in a double close, and how to work with a title company and attorney to successfully wholesale a deal. Tune in as you are sure to learn something in today’s episode. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Gina Diaz of Diaz Case Law Sponsor: ChicagoREIA Sponsor: Appeal.tax Link: We Win Chicago Link: Diaries of a Female Real Estate Investor: Learn How A Single Mom Went From 80k in Debt To a Multi Million Dollar Portfolio by Farrah Ali Link: Andrew Holmes ----------------- Guest Questions What drew you to investing in real estate? 7:00 What is a short sale? 9:30 How is the final price determined in a short sale? 10:15 Is the closing process different for short sales versus traditional closings? 12:00 Are short sales expected to increase in frequency? 15:00 What are the nuances with buying short sales? 16:45 What are some ways for an investor to evaluate a wholesale property? 21:30 Challenges you’ve seen during closings? 31:00 What is We Win? 35:30 What is your competitive advantage? 39:15 Advice for new investors? 40:00 Wrap Up Questions What do you do for fun? 40:50 Self development activity? 41:15 Network recommendation? 42:20 How can we learn more about you? 42:45 That’s our show! Thank you so much for listening! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 64: King of Chicagoland; Easy Makes You Soft 1:01:19
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With nearly 30 years of experience as a broker, Frank Montro, the King of Chicagoland, shares his reflections on how the industry has changed from the early ‘80s to today. While touching on strategies his team uses to generate business, and cementing what it takes to succeed, Frank gives a compelling presentation that is certain to teach you something about winning in Chicago. Do NOT play with your money, work with an expert and learn to avoid the pitfalls of most new investors. It’s what we’re all about here at the Straight Up Chicago Investor. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Frank Montro of Frank Montro Homes | Call Frank: (708) 307-0777 | Email Frank: montrof@aol.com Sponsors: Puleo Group and Appeal.tax Link: Chicago Deal Vault | Never miss an MLS property deal again and increase your productivity y 10,000% Link: Tony Robbins Podcast, Catch the Latest Podcast Here Link: Podcast Cardone Zone Link: Motiversity YouTube Channel Link: Barnett Capital Link: The Devil in the White City: Murder, Magic, and Madness at the Fair That Changed America Link: Straight Up Chicago Investor Podcast: Expert Perspectives on Investing in Chicago Real Estate ----------------- Guest Questions Overview of real estate industry 5:00 Tax certificate sales. 18:50 Do you factor commercial financing into deal analysis? 21:15 Where do you see rates going? 23:30 Do you think about the pre 2008 high’s as a benchmark? 31:00 What’s the impact of people leaving Chicago? 33:30 Appraisal insights? 35:30 Steps to find off market deals? 39:45 What’s your competitive advantage? 48:00 What is one piece of advice you’d give a new investor? 49:45 Wrap Up Questions What do you do for fun? 52:55 Self development activity? 53:30 Local Network Recommendation? 57:00 How can we learn more about you? 58:00 That’s our show! Thank you so much for listening and tune in next week! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 63: Straight-Up Tuesday Tip 3 - Chance Badertscher Answers "What are some items I should look out for during Attorney Review?" 7:40
What are some items I should look out for during Attorney Review? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Chance Badertscher of Lavelle Law ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

Be honest with yourself...how many excuses do you tell yourself? Farrah Ali was a single mom in debt, working full time, but did not let that deter her from financial freedom. Listen to her incredible story and how it has impacted all areas of her life. She details even more of this in her book, “Diaries of A Female Real Estate Investor.” If you liked what you heard, please share it with a friend and let us know what you think! Enjoy the show! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Farrah Ali Link: Diaries of a Female Real Estate Investor: Learn How A Single Mom Went From 80k in Debt To a Multi Million Dollar Portfolio Link: We Win Chicago: Home Link: Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Link: Andrew Holmes | HOME Sponsor: ChicagoREIA Sponsor: Appeal.tax ----------------- Guest Questions How did you get into real estate investing? 6:15 How did you decide on specific areas? 10:30 Investing in the suburbs vs the city. 14:15 Are you planning on going into bigger properties soon? 20:00 Tell us about the book? 22:30 What is “We Win”? 26:45 What are your near term plans? 28:45 What is your competitive advantage? 32:00 What is one piece of advice you’d give a new investor? 32:15 Wrap Up Questions What do you do for fun? 32:45 What is a good self development activity? 34:45 Network Recommendation? 35:15 How can we learn more about you? 35:45 That’s our show! Thank you so much for listening! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

What does Chicago look like from an economist’ perspective and why should investors care? Today, Dr. Joseph Pagliari explains some of his economic thesis related to Illinois’ long term fiscal issues that are top of mind for so many investors. He provides options Illinois might have to address these issues, but are they specific to only Chicago or are the issues more widespread? Listen in today to a fascinating conversation. If you learned something, please share it with a friend! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Dr. Joseph Pagliari of The University of Chicago Booth School of Business Sponsor: ChicagoREIA Sponsor: Appeal.tax ----------------- Guest Questions Overview of state of Illinois fiscal conditions. 6:00 What options does Illinois have to improve their financial outlook? 13:15 What are some negative things we need to consider with tax issues?19:00 Will the tax classification system between commercial and residential properties ever go away? 22:30 What will post Covid downtown look like? 24:45 How will different markets react to tax issues? 29:30 How would foreclosures affect pricing today vs the financial crisis? 33:20 What are your thoughts on rent control? 41:30 What has been your competitive advantage? 46:15 What is one piece of advice you’d give a new investor? 47:43 Wrap Up Questions What do you do for fun? 49:30 Self development activity 50:00 Network Recommendations 51:15 How can we learn more about you? 52:15 That’s our show! Thank you so much for tuning in. If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 60: Straight-Up Tuesday Tip 2 - Rosario Terracciano Answers "What are some common mistakes that cause investors to overpay for an investment property?" 13:18
What are some common mistakes that cause investors to overpay for an investment property? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Rosario Terracciano | ClickInvest ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

The word "taxes" inspires fear from all types of investors, but especially in Chicago. From income tax, to property tax, we’re paying a lot. Depreciation is one of Real Estate’s greatest benefits, and there is a way to maximize that benefit immediately. Cost Seg Kev is here today to explain what cost segregation is and how it can be used to offset your tax liability. If you’re not trying to save hundreds of thousands of dollars from here on out, well, this isn’t the episode for you. Listen in and if you learned something, please share us with someone who can also benefit. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Kevin Cawley of Cost Segregation Services Sponsor: Puleo Group Sponsor: Appeal.tax Link: The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life Link: Think and Grow Rich: The Landmark Bestseller Now Revised and Updated for the 21st Century (Think and Grow Rich Series) Link: David Pezzola of the Icarus Investment Group | Call David: 773-931-6498 ----------------- Guest Questions How did you get started? 6:00 What is depreciation? 10:00 What asset classes depreciate at 39% vs 27.5%? What is the benefit of cost segregation to an investor? 15:15 What kinds of things are broken out for smaller multifamily? 16:30 Is this right for everyone? 19:45 Is there a minimum threshold for when this makes sense? 23:45 How does the pricing structure for cost segregation studies work? 27:00 What are questions someone should ask when getting a cost seg offering? 33:00 What has been your competitive advantage? 35:25 What is one piece of advice you’d give? 36:40 Wrap Up Questions What do you do for fun? 37:30 Self development recommendation? 38:00 Network Recommendation? 38:45 How can we learn more about you? 40:00 That’s our show, thanks so much for listening! Tune in next week! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

One of the most important allies to an investor is the broker they work with. Gloria Weikert runs the X-Plus team and has a specialty in helping clients buy investment properties. In today’s episode, Gloria gives some insight on what it takes to win deals in a competitive market that go past just offering more money; breakdowns of different neighborhoods; tenant and rental profiles in varying neighborhoods as well as plenty more. Listen in and if you liked what you heard, or learned something today, give us a 5-star review and share us with a friend. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Gloria Wiekert of X-Plus Realty Sponsor: Chicago REIA Sponsor: Appeal.tax Link: Sam Sharp Link: Tannehill Law LLC ----------------- Guest Questions Strategies to win deals in a competitive market. What does the market look like in the north Chicago neighborhoods? 5:45 Who are going to be the sellers in this market? 8:25 Are you able to find two units on the northside that make sense? 9:40 How do you handle clients who come and want to see a two flat with a non conforming unit? 11:20 Overview of the Avondale area? 13:30 Rental Expectations in Avondale? 16:15 Tenant profile on the west end of Avondale? 17:15 Escalation Rider explanation. 22:20 How do the rents change as you move south from Avondale? 27:45 Where are some people looking that are up and coming? 32:30 How do you see the future of the Loop? 35:50 What expectations do you give new buyers? 37:30 What is your competitive advantage? 39:30 Advice for new investors? 40:10 Wrap Up Questions What do you do for fun? 40:30 Self Development recommendation? 41:30 Local network recommendation? 42:10 How can we learn more about you? 42:55 That’s our show! Thanks so much for listening. Tune in next week. If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 57: Straight-Up Tuesday Tip 1 - Eric Workman Answers "How does an acquisition lender structure my financing when I'm looking to flip a property?" 11:14
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Straight Up Chicago Investor

Chicago is known for complex and restrictive landlord and tenant policies, but there are dozens of people fighting for change and protection. Kris Anderson of the Chicago Association of Realtors is one of those people on the front lines. Not everyone knows the role of CAR, so Kris explains what they do and his role in the machine as well as other groups and associations who are allies. Some hot button topics covered in today’s episode include RLTO reforms and rent control; some of the biggest issues for individual landlords as well as some great reasons to be optimistic about Chicago’s future. Listen in and if you like what you hear, give us a like, subscribe and leave a review. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Kris Anderson of Chicago Association of Realtors | E-mail Kris | Call Kris Sponsor: Appeal.tax and Showdigs Link: Additional Dwelling Units (ADU) Ordinance Link: The Color of Law: A Forgotten History of How Our Government Segregated America Link: Sarah Ware Link: Tammy Hajjar Miller ----------------- Guest Questions What do you do at the Realtor Association? 6:30 What other groups does CAR associate with? 9:00 What do you think is one of the biggest issues for mom and pop investors? 14:00 What are some of the main reforms pushed for in RLTO reform? 16:30 What can a Realtor do to push for this reform? 18:50 What’s going on with Rent Control? 25:00 Why are you still bullish on Chicago? 31:00 Wrap Up Questions What is your competitive advantage? 37:30 What is one piece of advice for a new investor? 38:20 What do you do for fun? 39:20 Self development tool? 39:55 Local network recommendation? 41:15 How can we learn more about you? 42:25 That’s our show! Thanks so much for listening. Tune in next week. If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

Elgin has a long history of being one of the most significant cities located just outside of Chicago. Spanning two counties and one of the largest populations in Illinois, it offers a wide variety of housing options and investment strategies. Broker and investor, Mike Zwemke, takes us through his experiences of getting started and scaling in the area; his strategy and why he’s interested in HOAs. We cover the economy of Elgin and the workforce, the different pockets and their associated housing stock and so much more. If you like what you hear, please leave us a 5 star review. Enjoy the show! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Mike Zwemke of Property Partners FV | Find Mike Zwemke on LinkedIn Sponsor: Chicago REIA Sponsor: Appeal.tax Link: Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Link: Chris Davis - Full Service Real Estate Brokerage - Inspire Realty Group Link: Ottawa Savings Bank Link: Resource Bank - A National Bank Link: The First National Bank of Ottawa Link: Property Partners Of Fox Valley - Home ----------------- Guest Questions What excites you about Elgin? 7:15 What are some different pockets of Elgin that investors should be looking for? 8:20 Do you have a specific housing type that you look for? 10:10 What is the rehab process like when working in an HOA? 12:45 How did you buy your first rental? 14:00 How did you eventually decide on your areas of Elgin? 15:40 Where are the Elgin tenants working/commuting to? 16:50 What is the tax levy like in Elgin? 18:15 Elgin has multiple counties, do you focus on which county you’re in? 20:25 What is the process of the Elgin sheriff sale? 20:55 What are some mistakes you’ve made with a sheriff sale? 22:15 How do you account for the township rental license programs? 25:00 What do you like about the fox valley economy that makes it independent from Chicago? 27:40 Is there anything you wish Elgin had more or less of? 32:30 Are you seeing a migration from Chicago to Elgin? 33:00 What is important to starting a relationship with community banks? 33:50 Wrap Up Questions What is your competitive advantage? 38:10 Advice for new investors? 39:00 What do you do for fun? 39:50 Self development activity? 40:10 Network recommendation? 41:30 Local Banker recommendations? 42:00 How can we learn more about you? 42:45 That’s our show! Thank you so much for listening! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 54: Traveling West of the West Loop, and Other Areas of Chicago that Top Producing Agent Lumi Ispas Shares is Bullish On 50:00
Lumi Ispas has been a determined and successful investor, broker, and coach in Chicago for two decades. She’s lost it all and gained it all back. In today’s episode she shares her journey of emigrating from communist Romania to truly experiencing the American Dream through real estate. She addresses several hot topic items including early mistakes, key focus areas and how to analyze an area. She also talks about trends in greater Chicago that help her make informed decisions about the future. Please enjoy today’s episode and leave a review for us. Stop by and check out our merch store which is live and linked in the show notes too! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Lumi Ispas of Century 21 Sponsors: Puleo Group and Appeal.tax Link: The Strangest Secret by Earl Nightingale (Daily Listening) Link: Think and Grow Rich: The Landmark Bestseller Now Revised and Updated for the 21st Century (Think and Grow Rich Series) Link: Armando Chacon, CENTURY 21 Real Estate Agent in Chicago, IL Link: Steven Powers, CENTURY 21 Real Estate Agent in Chicago, IL Link: SUCI Merch Store ----------------- Guest Questions How did you get started? 5:40 How important is it to be an agent if you’re an investor? 7:50 What were some early pain points when you started investing? 9:10 Where are areas you’re invested in? 16:15 How far west are you investing? 20:10 Why did you decide to buy land? 27:30 Have you seen the city of Chicago pushing money into west side neighborhoods? 31:30 What kind of tenant base do you get on the west side? 35:32 Do you think Covid will positively or negatively affect this area of the city? 37:25 Wrap Up Questions What is your competitive advantage? 40:00 What is one piece of advice you’d give a new investor? 41:10 What do you do for fun? 43:20 What is one good self development tool you’d recommend? 44:55 Network Recommendation 46:22 How can we learn more about you? 47:05 That’s our show! Thanks for tuning in again! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
Many fear what they don’t understand. That’s exactly why we put together this round table discussion with two other great CHA section 8 property managers. Listen in as we address the entire workflow from screening the applicants, to the move in, and everything that happens in between. Section 8 can be a great investment strategy, but it’s imperative you understand how it works...ESPECIALLY in a city like Chicago. If you learned something today, please leave us a review and share us with a friend. Enjoy the episode! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jared Kott (Email: Jared.kott@marblestonepg.com ) and Eric DeLeon (Email: Office@philtonllc.com ) of Chicago Section 8 Sponsor: Appeal.tax and Showdigs Link: HCV Inspections Link: Mobility Counseling Program Link: BiggerPockets: Real Estate Investing Community & Advice Link: One Rental At A Time: The Journey to Financial Independence through Real Estate Link: Chicago Section 8 Housing Resources ----------------- Guest Questions Jared, How do you respond to questions about accepting section 8 tenants? 9:00 Screening section 9:40 Eric, how do you screen section 8 tenants? 9:40 How do you account for utility costs with section 8? 11:20 Rent burden worksheet collection 14:40 How do extra costs like pets or garage get accounted for? 17:25 Paperwork question section 21:25 Best practices for submitting paperwork to the CHA? 22:30 Inspection section 30:45 Wrap Up Questions What are some best practices for inspection day? 31:30 What are some common fails on the initial inspection that can be avoided? 34:30 What are “emergency fails”? 44:00 What is rent abatement? 44:50 What is the typical timeline of a section 8 tenant? 49:00 What is the mobility program? 51:30 What is one piece of advice you’d tell someone who has never purchased sec 8? 53:44 What do you do for fun? 54:50 What is a good self development activity you’d recommend? 55:20 Who is one person you’d recommend? 56:20 That’s our show! Thanks so much for listening! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

It’s March and taxes are top of mind! However, by only reactively focusing on taxes during this one part of the year, you are potentially leaving money on the table. Aaron Zimmerman, a Chicago investor and CPA, provides great insights into how to best work with a CPA, the importance of maintaining good records, overlooked deductions, and proactive measures to maximize your net worth. Aaron also explains why it’s important to understand the difference between capex and general maintenance come tax time. And why your accountant should break out their bill for you at the end of it, because yes, even that makes an impact. Lastly, he also covers the nuances of maximizing your return as a househacker. Listen in and let us know what you think! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Aaron Zimmerman of Lipschultz, Levin & Gray Sponsor: John Warren of Second City Real Estate Sponsor: Appeal.tax Link: MileIQ - Automatic Mileage Tracker - Deductions & Reimbursements Link: QuickBooks®: Official Site | Smart Tools. Better Business. Link: Stessa: Smart Accounting Software for Rental Property Landlords Link: Joe Fairless's Podcast | The Best Ever Real Estate Show ----------------- Guest Questions Landlord tip of the week 3:10 What is the difference between an accountant and a CPA? 6:00 What are some things you talk about when you talk to a new client? 6:45 What are some things an investor might do differently when trying to be tax smart? 8:00 What is depreciation in terms of real estate? 8:30 What tax laws came out in 2017 that allow for bonus depreciation? 9:50 What are the categories of expenses I should have categorized for a CPA? 11:00 What is a schedule E and where is it located? 12:35 How should an investor keep track of expenses for taxes? 14:00 What are some good softwares to help with bookkeeping? 16:15 What are some of the biggest things investors miss when they do taxes? 18:20 How is lost rent accounted for? 23:00 What are some nuances with house hacking compared to a traditional investment? 25:45 What are some write offs new real estate professionals can take? 27:15 What are some good things I should ask when interviewing accountants? 32:10 What are some red flags that get the attention of the IRS? 34:10 Wrap Up Questions What is your competitive advantage? 37:45 What is one piece of advice you’d give a new investor? 38:40 What do you do for fun? 38:50 What is a good self development activity you’d recommend? 39:10 Network recommendation? 39:30 How can we learn more about you? 40:00 That’s our show! Thanks so much for listening! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

Would you trade salary for knowledge? John Westbrook spent time straight out of college working for one of Chicago’s largest property managers to build-up his foundational knowledge of the industry. John has since transformed this knowledge into a substantial portfolio of multifamily buildings on the Northside. John explains how he plans for the long-term with his rehabs, appreciates previously gutted buildings, and focuses on the end users experience to differentiate his investments (it’s much more than numbers on a spreadsheet). John also shares the importance of finding mentors and how his partnerships have catapulted him to success. If you enjoy today’s episode, please leave us a review and share us with someone who may also find value in this content. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: John Westbrook of Logan Square Real Estate Broker | @properties Sponsor: ShowDigs Sponsor: Appeal.tax Monthly Tip: Renovo Financial Link: Luke Blahnik - Chicago Real Estate Broker | @properties Link: Muros | A Global Art Activation Agency Link: Bigger Pockets Link: The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It ----------------- Guest Questions Intro. 9:30 What are some key things you learned while working for such a large landlord? 13:20 Did you ever consider buying smaller buildings rather than larger buildings? 14:30 What are some neighborhoods you’re active in? 16:00 What are you looking for on a deal in Humboldt Park? 17:45 When you got artwork commissioned, did you need to get permissioned for it? 25:30 What would you tell someone who owns a 3 unit in terms of financing? 32:10 Walk us through this large multi family. 33:50 How do you estimate how long it will take to rehab a large building? 38:20 What can you tell us about west humboldt park? 42:30 Wrap Up Questions What is your competitive advantage? 45:33 What is one piece of advice you’d give to a new investor? 46:23 What do you do for fun? 47:30 What is a good self development activity you would recommend? 49:20 Quality resource 50:10 How can we reach you? 50:50 That’s our show. Thanks for listening to another great episode! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
For our 50th episode we thought we’d give everyone a special treat... Andrew Holmes is one of the most well-known names in Chicago Real Estate Investing. Andrew explains his incredible journey, from his early days as a hustling agent, to how he structured his first few investment deals. Andrew dives into specifics on how he finds deals, what attributes he looks for in an investment property, how he underwrites properties, and how he teaches others to scale. There is so much to break down here it’s an episode you’ll need to listen twice! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Andrew Holmes of Andrew Holmes Real Estate Sponsor: John Warren of Second City Real Estate Sponsor: Appeal.tax Link: The Intelligent Investor Link: National RE Invest ----------------- Guest Questions Guest Introduction 7:20 When you were a young agent, what separated you from the crowd? 8:40 How did you pivot from real estate agent to real estate investing? 13:10 How did you scale during 2008? 15:30 How are you doing this today with your students? 22:50 What are some strategies you teach students? 27:30 How are you suggesting students to underwrite for the soft costs? 31:50 How are you teaching students to buy properties in this competitive environment? 40:00 Why do you prefer single family over multifamily? 42:45 How are you accounting for some of the issues around the Chicagoland area? 45:20 How did you start and grow Chicago REIA? 47:20 Wrap Up Questions What is your competitive advantage? 50:00 What is one piece of advice you’d give to a new investor? 50:40 What do you do for fun? 51:35 What is a good self development activity you’d recommend? 52:20 Who is one person you’d recommend from your local network? 54:40 How can we learn more about you? 55:50 That’s our show. Thanks for listening to another great episode! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 49: Moving Fast and Weathering Storms with Investor and ClickInvest Co-Founder Rosario Terracciano 56:49
For the past 15+ years, Rosario Terracciano has been cutting his teeth with a lot of hard learned lessons. In today’s episode, he shares some early mistakes he made about buying, working with contractors, estimating ARVs and leasing. He shares how he weathered the sub-prime crisis and emerged stronger - co-founding Clickinvest and ultimately representing banks and buyers in more than $300 million of real estate transactions . Some of the big industry shifts that took place during the sub-prime crisis are still at play today and he Roario provides strategies to prepare and thrive if another downturn hits. If you enjoyed listening to today’s episode, please leave us a 5 star review and share us with a friend. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Rosario Terracciano of Clickinvest Sponsor: ShowDigs Sponsor: Appeal.tax Link: The Power of Positive Thinking: Peale, Dr. Norman Vincent Link: Workman Lending Team Link: deals@clickinvest.com | rosario@clickinvest.com ----------------- Guest Questions Landlord tip 3:25 About Rosario 5:20 What does it mean to “buy wrong?” 8:10 What was your exit strategy on the bad mistakes? 13:30 What was your next move after foreclosure? 17:20 Did you just focus on Chicago? 21:30 What would you say to an investor interested in working with an REO agent? 22:30 How has institutional money changed the investing landscape? 32:40 How does an individual investor capitalize on the institutional strategy? 36:45 What is the benefit to working with click invest? 43:20 How are the click invest deals financed? 46:20 Wrap Up Questions What’s your competitive advantage? 48:20 What is one piece of advice you’d give a new investor? 49:45 What do you do for fun? 51:35 Self development activity? 52:15 Who would you recommend as a quality resource? 53:15 How can we learn more about you? 53:50 Chicago fact 54:45 That’s our show. Thanks for listening to another great episode! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 93: Straight-Up Tuesday Tip 13 - Sharad Mehta Answers "How do I leverage processes and automation to scale my REI business?" 18:42
How do I leverage processes and automation to scale my REI business? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Sharad Mehta of REsimpli ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
What’s your unit goal? Is it 20...maybe 50? Well today’s guest explains how his company amassed 1200 units solely in Hyde Park, (not including their north side portfolio). Nick Hollenkamp drops street-level advice on the different corridors of Hyde Park along with his ten year forecast for the neighborhood. Nick provides great soundbits on why you should never fully give up on a deal, which pockets of Hyde Park present opportunities for smaller sized investors, the benefits of student housing, and why it’s important to develop strategic relationships. What a crazy good episode we have for you today, so if you learned something today, PLEASE LEAVE US A REVIEW and share us with a friend. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Nick Hollenkamp of Pioneer Acquisitions LLC Link: Pioneer Acquisitions: OVERVIEW Link: Rogers Park Builders Group - Chicago Link: Surrounded by Idiots: The Four Types of Human Behavior and How to Effectively Communicate with Each in Business (and in Life) Link: Leaders Eat Last: Why Some Teams Pull Together and Others Don't Link: Joe Smazal Link: Six Stories of Rubble. A Million Stories Buried Underneath. Sponsor: Pentwater Cabinetry Sponsor: Appeal.tax ----------------- Guest Questions Guest intro. 6:00 Hyde Park Introduction. 9:00 600 unit deal breakdown. 11:15 How can smaller players get into hyde park? 14:20 10 year forecast? 16:00 Finish level and rental rate? 20:15 Concerns around COVID and university housing? 26:45 Wrap Up Questions Competitive advantage 34:30 Advice? 35:00 What do you do for fun? 36:00 Self Development? 37:00 Network recommendation? 37:30 How can we learn more about you? 38:00 That’s our show, thanks so much for tuning in! See you next week. ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 91: It’s Your Team That Will Make You Millions in Chicago - Brian Lignelli Knows From Experience 43:04
You cannot grow without adequate funding. When it comes to private funds, there are so many questions asked as a new investor. Brian Lignelli takes the time today to talk about how his company, Continuum Capital Funding can put it’s partners in a position to scale and grow as well as how to prepare to work with them. He also hits on some of the various neighborhood associations he’s a part of and how you too can get more involved in them. If you enjoyed today’s episode, please give us a 5 star review and share it with a friend. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Brian Lignelli of Continuum Capital Funding LLC Link: Search Building Department Records Link: Lincoln Park Builders Link: NBOA Chicago Link: Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork Link: These Truths: A History of the United States Link: Ryan Smith, Western Springs, IL Real Estate Link: Jared Kott on LinkedIn Link: Michael Abraham Sponsor: Cost Segregation Services Sponsor: Appeal.tax ----------------- Guest Questions Guest intro 5:30 What was the market need for Continuum? 10:00 How has the creative financing industry changed? 20:00 What safeguards do investors have when using private money? 23:15 Getting involved in associations? 27:25 What to do at a networking event? 31:00 Wrap Up Questions What is your competitive advantage? 36:00 One piece of advice for new investors? 37:00 What do you do for fun? 37:30 Self development? 38:15 Network recommendation? 39:09 How can we learn more about you? 40:10 That’s our show! Thanks so much for tuning in! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 90: Straight-Up Tuesday Tip 12 - Eric Workman Answers "What factors go into determining commercial financing?" 26:24
What factors go into determining commercial financing? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Eric Workman of Renovo Financial ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

In episode 85, David Geen said househacking is the Stephen Curry cheat code of real estate. Many folks agree and have leveraged this strategy to kick off successful REI careers. However, there are real risks that arise the moment you become a housing provider. Today’s guest, Joey Poshinskas, is an extremely resilient househacker who persevered through numerous obstacles to stabilize his building. Hear Joey’s outrageous tenants horror stories, how he handled each situation, and how he ultimately learned from the process. Listen in on a great episode with Joey and find him on instagram at reijoey. If you enjoyed today’s episode, take a quick moment to leave a review and share us with a friend. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Joey Pochinskas | Instagram (@REIJoey) Link: Vivid Vision: A Remarkable Tool For Aligning Your Business Around a Shared Vision of the Future Sponsor: Prime Lending Sponsor: Appeal.tax ----------------- Guest Questions Intro 4:45 FHA 203K Loans? 12:30 Challenges with 203k loans? 17:30 Get deposits to verify income.23:40 10 months into the house hack, what now? 32:20 How have these issues impacted your view of real estate investing? 33:40 Wrap Up Questions Competitive advantage? 37:15 Advice for new investors? 38:20 What do you do for fun? 38:45 Self development recommendations? 39:20 That’s our show! Thanks so much for tuning in! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 88: You Can’t Get Any More Chicago Than This - First-Generation American Sal Becovic and his 2,000 Rogers Park Units 43:51
Like many families in Chicago, Sal’s family came from the old world and settled in a turbulent part of the city at a turbulent time. As he’s now standing on the shoulders of what his parents initially organized, he’s building it farther than ever expected. Sal’s story is amazing, his advice is timely, and his passion is contagious. Listen to today’s episode with Sal Becovic. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Sal Becovic of Becovic Link: The Economist - World News, Politics, Economics, Business & Finance Link: Neighborhood Building Owner's Alliance – A Voice for Chicago's Building Owner's Sponsor: Pentwater Cabinetry Sponsor: Essex Realty ----------------- Guest Questions How are you still finding deals? 7:30 What are the changes you’ve seen in Edgewater, Uptown and Rogers Park? 13:15 Pain Points? 23:00 Concerning headwinds? 33:30 NBOA and builders groups experiences? 36:20 Wrap Up Questions What is your competitive advantage? 38:45 One piece of advice for new investors? 40:00 What do you do for fun? 40:25 Local network recommendation? 41:30 How can we learn more about you? 42:00 That’s our show! Thanks so much for tuning in! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 87: Straight Up Tuesday Tip 11 - Eric Workman Answers "What steps can I take to maximize my appraisal?" 18:20
What steps can I take to maximize my appraisal? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Eric Workman of Renovo Financial ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.
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Straight Up Chicago Investor

Fernando Angelucci has spent the last decade becoming one of the largest wholesalers in the Chicagoland area. Fernando successfully scaled his wholesaling business to a goliath and used the same skill sets and systems to establish and grow his self storage portfolio. In today’s episode, Fernando breaks down why he prefers self storage over multifamily investing, what you should be looking for in a self storage opportunity, how to find deals and the shiny future of self storage. Listen in on a tremendous episode and as always, share us with a friend and give us a five star review to help us grow even more. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Fernando Angelucci of Titan Wealth Group Link: Fernando Angelucci - Senior Managing Partner - Impact Self Storage Link: Feasibility Study Definition: How Does It Work? Link: What It Takes: Lessons in the Pursuit of Excellence Link: Am I Being Too Subtle?: Straight Talk From a Business Rebel Link: Principles by Ray Dalio Link: About Us Link: https://www.linkedin.com/in/hisarahaustin/ Link: IMPACT Self Storage Sponsor: Prime Lending (Perry Farella) Sponsor: Essex Realty ----------------- Guest Questions Guest Intro 5:55 Wholesaling explanation 6:50 Is direct marketing still viable? 9:20 How do you target a demographic? 12:00 If you started tomorrow, what would you do differently? 17:00 How did you get started in self storage? 19:25 What makes a good deal? 23:25 What is the typical client for self storage? 29:00 What direction is the industry heading? 32:45 How do deals fall apart? 35:30 How do you handle non payments? 40:00 What are your plans for the next 5 years? 44:00 Wrap Up Questions What is your competitive advantage? 50:00 One piece of advice for a new storage investor? 51:50 What do you do for fun? 52:40 Self development activity? 53:45 Valuable network resource? 54:45 How can we learn more about you? 55:30 That’s our show! Thanks for tuning in! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 85: Bigger Pockets Host and Expert Investor David Greene Visits Straight Up Chicago Investor 1:13:48
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Nationally-recognized real estate rockstar David Greene of Bigger Pockets and Keller Williams holds nothing back! David provides his thoughts on the BRRRR strategy and dissuades the myths around equity as a cushion. David also covers the buyer/investor relationship, houssehacking as a cheat code, and why you need to start pushing over dominos to build your empire. Please enjoy today’s episode and if you like what you hear, leave us a review and share us with a friend. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: David Greene of Keller Williams Link: David Greene Team Mastermind Link: David Greene Real Estate | Keller Williams East County Link: Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal Link: So Good They Can't Ignore You: Why Skills Trump Passion in the Quest for Work You Love Link: Extreme Ownership: How U.S. Navy SEALs Lead and Win Link: David Greene Real Estate Sponsor: Prime Lending (Perry Farella) Sponsor: Cost Segregation Services ----------------- Guest Questions David Greene’s favorite of his books? 6:00 Questions investors should be asking agents? 10:00 Are you expecting inflation to increase over time? 26:30 BRRRR. 35:00 What price points does BRRRR work best with? 40:30 What’s next? 55:30 Wrap Up Questions What is your competitive advantage? 1:00:00 Advice? 1:04:30 What do you do for fun? 1:06:00 Self Development? 1:07:30 Recommendations? 1:10:05 How can we learn more about you? 1:11:00 That’s our show! Thanks so much! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 84: Straight Up Tuesday Tip 10 - John Warren Answers "How can I put my best foot forward when making offers and how can I show experienced agents that I am serious?" 12:54
How can I put my best foot forward when making offers and how can I show experienced agents that I am serious? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: John Warren of Second City Real Estate ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

Malcolm Gladwell popularized the idea that it takes 10,000 hours to master something. Well, if that’s the case, Mike Olszewski has likely mastered his craft several times over. To date, he has sold over 17,500 REO properties, developed properties and has even begun his own private lending business. Today, you get to learn the process of acquiring, rehabbing and selling REO properties from a master and apply them to your own practice. Mike also gives an in-depth play-by-play tutorial on how to handle a cash for keys situation and addresses some of the key things to be aware of when developing properties or small areas. Listen in as Mike has a great conversation with Mark and Tom today. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Mike Olszewski from Area Wide Realty | Email Mike: mike@reoareawide.com | info.barringtonfunding@gmail.com Sponsor: Pentwater Cabinetry Sponsor: Cost Segregation Services ----------------- Guest Questions Guest introduction 7:00 How did you get your first deal started? 8:10 What are REO properties? 9:00 How do you start buying REO? 10:45 What’s different about buying REO than traditional retail? 12:20 What’s the cash for keys timeline look like? 18:20 How did you get started developing? 21:00 What is the project and how it came to be? 25:30 Security solutions for rehabs? 30:50 What appeals you about Chicago? 33:20 Private Lending 35:45 Wrap Up Questions What’s your competitive advantage? 38:45 One piece of advice for a new investor? 40:45 What do you do for fun? 41:40 Self development activity? 42:00 Network recommendation? 43:00 How can we learn more about you? 43:35 That’s our show! Thanks again for tuning in! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
Knowing a couple neighborhoods intimately is better than a hundred superficially. That’s exactly what the Property People did in Chicago’s northwest neighborhood. It’s how they know how deep they can dig a basement out and how much value they’ll add. What certain features are expected and what can they pass on? Greg and Jenny are a rockstar duo that have grown tremendously and have even more ambition for the future. If you learned something, please leave us a 5 star review and share us with a friend. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jennie Berger and Greg Kyler from Property People LLC Sponsor: Cost Segregation Services Sponsor: Appeal.tax Link: FortuneBuilders: Real Estate Investment Coaching Programs Link: Never Split the Difference: Negotiating As If Your Life Depended On It Link: Think Like a Monk | Jay Shetty Link: Nonviolent Communication: A Language of Life: Life-Changing Tools for Healthy Relationships (Nonviolent Communication Guides) Link: Rich Dad Poor Dad: The #1 Best-Selling Personal Finance Book Ever Link: Chicago Real Estate Attorney | Justin C. Strane — Chicago Real Estate Attorneys Link: info@propertypeoplellc.com | Follow they on Instagram ( @propertypeoplellc ) ----------------- Guest Questions Tip of the week 3:00 Guest Intro 5:00 How did you decide on your location and investing style? 8:40 What is Norwood Park like demographically? 10:30 How much difference in ARV does a full second story account for? 13:00 Basement evaluation and rehab costs. 14:20 What other areas do you cover? 16:20 How do new construction projects work? 17:00 What is the PLN? 20:50 What are some red flags for inspections? 25:00 What is Kilbourne Park like demographically? 26:00 Things to consider for comparing ARVs? 29:15 Buyer expectations in rehabbed houses? 30:00 How did you decide to join fortune builders? 32:45 Has their network benefitted you? 34:30 Wrap Up Questions What is your competitive advantage? 38:20 One piece of advice for a new investor? 40:30 What do you do for fun? 42:15 Self development recommendation? 42:45 Local network recommendation? 44:30 That’s our show! Thanks so much for tuning in this week! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 81: Straight Up Tuesday Tip 9 - Rosario Terracciano Answers "What is ClickInvest and why should I care?" 9:42
What is ClickInvest and why should I care? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Rosario Terracciano of Clickinvest ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.
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Straight Up Chicago Investor

From the downtown riverwalk, to larger lots and Suburban living, Naperville is a diverse market drenched with opportunity. Today’s guest, Josh Mitchell, has carved out his niche as the go to guy in the area, acting as both an investor and a broker for Re/Max in Naperville. In this episode, Josh answers some FAQs for people thinking about going down a similar career trajectory and explains the nuances involved within the Naperville sub markets. If you like what you hear today, please give us a 5 star review and share us with a friend! Like what you hear? Please leave us a review and share with someone who may be interested in investing in Chicago! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Josh Mitchell from Re/Max Sponsor: Appeal.tax Sponsor: Chicago REIA Link: Think and Grow Rich: The Landmark Bestseller Now Revised and Updated for the 21st Century (Think and Grow Rich Series) Link: Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! ----------------- Guest Questions Guest introduction 5:40 Why did you get your real estate license? 6:50 What should you consider when choosing where to hold your license? 7:45 When did you get your real estate license? 8:45 Naperville housing stock? 10:00 Naperville area dividing lines? 13:00 Benefits and downsides to condo and townhome investing? 14:00 Rental rates in the Naperville area? 18:45 How do you find properties in this area? 24:30 What are some areas around Naperville that you also see opportunity? 26:45 What are the last effects of Covid from Naperville? 28:30 Wrap Up Questions What is your competitive advantage? 30:15 Advice for a new investor? 30:45 What do you do for fun? 31:20 Self development tools you’d recommend? 31:30 Network recommendation? 32:10 How can we learn more about you? 32:50 Thanks for tuning into our show! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

All the nuggets you’ve learned from previous episodes won’t add up to squat if you do not have the appropriate team in place. So how do you build that successful team? Today’s guest, Gary Davidson, is not only a rock star attorney, but he is the definition of a go-giver. In today’s episode you will learn how asking the question “how can I add value to person X?” can solidify your network and propel you on your journey. We will also discuss common mistakes investors make, and the questions you should be asking when picking an attorney (and some PBR history!). Like what you hear? Please leave us a review and share with someone who may be interested in investing in Chicago! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Gary Davidson from Castle Law | Call Gary: 815-351-0408 Sponsor: Appeal.tax Sponsor: Exetor Link: Go Giver By Bob Burg & John David Mann Link: The One Thing By Gary Keller Link: Ryan Smith Link: Frank Montro Link: Juan Loya ----------------- Guest Questions Guest Intro 5:18 How do you build a team and successfully network in Chicago real estate? 7:15 How are you a connector? 10:54 How to provide value to others as a new investor 14:51 How Did Commercial Law Prepare You For What You Do Today? 20:38 Top mistakes made by Chicago investors 26:41 What to ask when hiring a real estate attorney 34:54 Wrap Up Questions What’s your competitive advantage? 40:07 Advice for new investors? 40:51 What do you do for fun? 41:31 Self development activity? 43:26 Local network recommendation? 45:03 How can we learn more about you? 46:53 Thanks for tuning into our show! If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

Are you interested in multifamily buildings in the southside of Chicago? Are you looking to know the ins and outs of Bronzeville along with some of its adjacent neighborhoods? Ted Stratman is one of the leading brokers in Chicago and in this episode he lays out invaluable block by block knowledge - including what rents have done over the last twelve months, how demand in Bronzeville and its surrounding area has fared through COVID, and what types of opportunities are available in specific sub-markets. Listen in and hear more from Ted Stratman. If you like what you hear, hit that subscribe button and share this with a friend! Like what you hear? Please take the 5 second to leave us a review. Listen in and share with a friend! Also, check out our Straight Up Chicago Investor Club at https://www.facebook.com/groups/3265227216848263 Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Sponsor: John Warren Guest: Ted Stratman of Interra Realty Link: The $100 MBA Link: JS Group Link: Interra Realty Link: Chicago Property Management ----------------- Guest Questions Landlord tip of the week 4:50 Guest Intro 7:50 Any insight in what the south loop multifamily market looks like in the next few years? 8:50 How have rents in your neighborhoods fared in the last twelve months? 12:05 What are the geographic boundaries to Kenwood and why would an investor look there? 13:07 What’s the housing stock in Kenwood like? 15:20 Can you talk about the multifamily housing in Bronzeville and the housing stock there? 18:30 Are you seeing value add opportunities in Bronzeville?20:55 What are ARV’s like on the slight value add projects? 22:15 Has there been any new developments near 43rd and the green line? 28:00 What are the opportunities around 47th and 51st corridor 28:47 What would a 500K investment mean in your neighborhoods? 33:25 What kinds of redevelopments have you seen in the last 10 years that have transformed the area? 35:30 How do you think COVID will affect Bronzeville? 38:40 Are there any nuances I should be aware of if you’re doing a rehab in Bronzeville? 40:00 What’s different in transactions today than when you started? 40:55 Any other areas you like in the southside? 42:40 Wrap Up Questions What is your competitive advantage? 44:20 What is one piece of advice you’d give a new investor? 46:10 What do you do for fun? 47:28 What’s a self development activity you use? 48:15 Who would you recommend as a resource in your local network? 49:50 How can we learn more about you? 50:51 ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

1 Episode 32: The Streets and Boulevards of Logan Square and Its Surrounding Neighborhoods with Luke Blahnik 44:55
Luke Blahnik of Flor Blahnik, is a true real estate entrepreneur (and owner of Avondale Bowl!). In this episode, Luke provides block by block insights investors need to know to successfully invest in Logan Square. He explains what attracted him to the area as well as the future prospects for growth despite the massive run up over the past 10 years. Luke dives into tenant expectations, rehab expectations, demand as it relates to Boulevard proximity, and the long-term value of brick buildings and oversized lots. Luke also breaks down surrounding neighborhoods and provides his thoughts on the future of Avondale, specifically around the Blue Line stops. Like what you hear? Please take the 5 second to leave us a review. Listen in and share with a friend! Also, check out our Straight Up Chicago Investor Club at https://www.facebook.com/groups/3265227216848263 Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Sponsor: John Warren Guest: Luke Blahnik of Flora | Blahnik | Luke's Instagram | Call Luke Link: The Pullman Historic District Link: Avondale Bowl Link: Logan Square Preservation Link: Logan Square Neighborhood Association Book: The Tipping Point: How Little Things Can Make a Big Difference Link: Erwin Law Link: Radio Headspace on Apple Podcasts ----------------- Guest Questions Landlord tip of the week 2:40 How did you get started in Logan Square? 8:30 Is there still growth in Logan after this 10 year run? 11:30 Has there been any upsizing of buildings in Logan? 13:50 What are some things an investor should be looking for at an investment? 15:05 How has the 606 played into the investment thesis of logan square? 18:00 What are your opinions on 2 unit frame buildings staying as rentals? 20:25 Do you think the growth of Logan Square will go west into Hermosa and Belmont-Craigin? 22:45 What are things I should look for if I’m new in Avondale or northwest neighborhoods? 25:40 How are you able to find deals in today’s market where things are getting multiple offers? 29:40 Is there any difference between the California or Logan blue line stops? 33:10 How does COVID affect somewhere like Logan Square which is so tied to access to transit? 35:40 Wrap Up Questions What is your competitive advantage? 37:00 What is one piece of advice you’d give a new investor in Chicago? 38:20 What do you do for fun in Logan Square? 39:10 What’s a good self development activity? 40:20 Besides yourself, name one person in your network you’d recommend? 41:47 How can we learn more about you? 43:10 ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

“You have to watch out for your property taxes,” has been said in numerous episodes. On today’s episode we bring a tax appeal expert to explain how to proactively protect your investment against increasing property taxes. Tim Jacobs of KSN Law dives deep into the complex world of Illinois property taxes and about the multiple ways you can appeal property taxes in Chicago, the tax assessment cycle and what data points you can leverage to strengthen your apparel cases. Tim also gives a tip on how to get an owner exemption on a property you don’t actually live in, and why you might not want to go that route. Listen in to our conversation with Tim Jacobs and if you learned something, please leave us a rating and share us with a friend. Listen in and share with a friend! Also, check out our Straight Up Chicago Investor Club at https://www.facebook.com/groups/3265227216848263 Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Sponsor: Smith REO Guest: Tim Jacobs of KSN Link: Cook County Assessor's Office: Stay Home. Stay Safe. Get Our Help Online. Link: Cook County Property Tax Portal Link: Appeal.Tax Link: KSN Attorney Timothy Jacobs | KSN Law Link: Radio Headspace on Apple Podcasts ----------------- Guest Questions Landlord tip of the week 1:30 Guest Intro 4:00 How are properties assessed in Cook county? 4:55 Why are cook county assessment dates inconsistent compared to other counties? 11:30 How do non paying tenants change things in the covid environment in terms of assessments? 14:30 Do vacancies during long rehab projects apply towards an appeal? 16:09 Is there a vacancy threshold that is important to cross to raise the argument? 18:10 What are the steps when reaching out to someone to appeal taxes? 19:00 When people file appeals, how often is the appeal verified in person? 23:45 How does permitted work fit into tax assessments? 25:00 How can I guess what my taxes will be after a major value-add project? 25:55 What determines what the assessed value becomes? 28:11 How do homeowners exemptions play into MFH you live in? 30:30 Is there a limit on how many units I can have and still get the homeowners exemption? 32:40 What are some nuances to Cook county’s property taxes? 35:40 Why is it that Chicago pays considerably less taxes than the outside suburbs? 37:40 Why would someone hire an attorney to appeal taxes over doing it themselves? 40:25 How do attorney’s get paid for tax appeals? 41:30 Wrap Up Questions What is your competitive advantage? 43:03 What is one piece of advice you’d tell a new investor? 44:24 What do you do for fun? 45:30 What’s a good self development tool you use? 46:20 Who is one person you’d recommend in your network? 46:47 How can we learn more about you? 47:25 That’s our show, thanks so much for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

In this week’s episode, Sean Morrissey of Chicago Realty Group LLC breaks down investing in and around Aurora, focusing on the downtown redevelopment taking place to bring the old riverboat city back into the spotlight. Aurora is full of diverse opportunities, including tax credits, and unique zoning discrepancies that allow the clever investor the ability to redevelop mis-zoned land. Sean also explains how certain parts of Aurora fall into neighboring town school districts, which allow for pockets of strong investment opportunity. Listen in and share with a friend! Also, check out our Straight Up Chicago Investor Club at https://www.facebook.com/groups/3265227216848263 Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Sponsor: Smith REO Guest: Sean Morrissey of Chicago Realty Group LLC Link: Tony Angelos: BP Profile | Email: tony@irpinogroup.com | Cell: (708) 627-9702 Link: Aurora Economic Development | Invest Aurora: Homepage Link: Home Ownership Support | The Neighbor Project Link: Aurora Tech Investment | 605 Innovation District Link: Towns with multiple schools Link: Sean’s Podcast | Landlording for Life on Apple Podcasts Link: Podcast recommendation | Real Estate Investing Podcast for Passive Wealth Link: Podcast recommendation | Cash Flow Connections Link: Network Recommendation | Brandon Svec - Director - Market Analytics - CoStar Group ----------------- Guest Questions Landlording Tip of the Week 2:15 Guest Intro 5:00 Can you explain what the rent to price ratio of 1.0? 5:50 Tell us about the housing in Aurora and the surrounding area? 7:20 What is your investment strategy in Aurora? 9:30 Are there Opportunity zones in Aurora that are better than others? 12:25 Can you explain what the redevelopment of downtown Aurora looks like? 13:25 Can you explain TIF districts? 17:15 How do the good school districts in other towns affect the aurora residential market? 22:15 What kind of opportunities are you seeing there? 24:30 What’s the rental market in Aurora like and how do rental licenses work? 26:00 What are some nuances an investor might have to look out for? 30:00 How do you think Aurora will come out of COVID? 34:40 Wrap Up Questions What’s your competitive advantage? 35:45 What’s one piece of advice you’d tell a new investor in the area? 36:45 What do you do for fun? 38:00 Can you give us a good self development activity you use? 38:40 Who would you recommend in your network as a quality resource? 40:21 How can we learn more about you? 41:38 That’s our show, thanks so much for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

Ciere Boatright is the VP of Real Estate and Inclusion at CNI and has managed the planning and development of over $350 Million in new investment in southside neighborhoods. Today, Ciere walks us through several of those projects, with a focus on CNI’s successful revitalization of Pullman. Ciere explains CNI’s approach towards creating jobs and affordable housing in specific communities, and why investors should care. Some topics covered are how subsidies offered for affordable home ownership affect the community, how investors can have access to benefits of the social programs stimulating the neighborhoods as well as future projects planned for the area. If you enjoyed this episode, please leave us a 5 star review and share us with a friend. Also, join our FB Group at https://www.facebook.com/groups/3265227216848263 Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Sponsor: Smith REO Guest: Ciere Boatright of Chicago Neighborhood Initiatives Link: National Park Service, Pullman Monument | Pullman National Monument (US National Park Service) Link: History | A Brief Overview of the Pullman Story - Pullman Link: Benefits of Enterprise Zones | Enterprise Zone Program Link: Chicago Opportunity Zones | Opportunity Zones Link: Invest Southwest | Invest Southwest | Venture Madness – Presented by Invest Southwest In Partnership with The Arizona Commerce Authority Link: Red Line Extension | CTA Red Line Extension Project - CTA Link: Pullman Food Hall | One Eleven Food Hall – Creating A Diverse Dining Collective In Pullman Link: Book Recommendation | The Warmth of Other Suns: The Epic Story of America's Great Migration Link: Carlos Nelson | GAGDC Staff Leadership Link: Leon Walker | Our People Link: Abraham Lacy | https://www.farsouthcdc.org/about-us ----------------- Guest Questions Landlording Tip of the Week 2:43 Guest Intro 4:49 What has been the catalyst for revitalization over the past 10 years? 7:25 Can you talk about how CNI has improved the housing stock in the area? 11:00 How have investors succeeded in Pullman? 16:04 How has the history of Pullman helped the growth of the neighborhood? 21:30 What are some of the things an investor should be looking at from an urban planning perspective? 23:20 Can you tell us about the red line extension project? 27:00 How has Pullman been different from other areas CNI invests in? 28:10 How have your financing partnerships helped get projects done? 30:30 Is there a way a new investor can get connected to CNI? 33:00 Wrap Up Questions What is your competitive advantage? 34:05 What is one piece of advice you’d give to a new investor? 36:00 What do you do for fun in Pullman? 37:00 What is a good self development activity you’d recommend? 38:47 Who is one person you’d recommend to others as a quality resource? 39:40 How can we learn more about you? 41:25 That’s our show, thanks so much for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
There are over 125,000 RE/MAX agents in the US, and in 2019 not one of them sold more properties than REO expert Ryan Smith. That’s right, our guest is #1 out of 125,000. In this episode, Ryan Smith and his partner Mike Harvey discuss REO properties, how to work with REO agents, and the difference between foreclosure and pre-foreclosure. Ryan and Mike shine light on the nuances a Chicago investor may experience compared to investors buying REOs in other markets, and what local investors can do to prepare for upcoming REOs. In addition, Ryan and Mike discuss how COVID has affected IL default rates, as well as what this means for investors looking for distressed assets. With so much talk about evictions and forbearances in Chicago, this episode is timely and highly relevant. If you like what you hear, please leave us a 5 star review! Also, join our FB Group at https://www.facebook.com/groups/3265227216848263 Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Ryan Smith & Mike Havey of Smith REO Link: Cook County Recorder Link: Book Rec | Traction: Get a Grip on Your Business: Wickman, Gino Link: Book Rec | Grit: The Power of Passion and Perseverance: Duckworth, Angela Link: Book Rec | The Art Of War: Sun Tzu Link: Recommendation | Marblestone Property Group: Chicago Property Management and Property Managers, Chicago Houses and Homes for Rent Email Addresses | Ryan@smithreo.com ----------------- Guest Questions Landlord tip of the day 2:56 Guest Intro 6:03 Who are your clients at smith REO? 7:45 What’s the difference between Pre- Foreclosure and Foreclosure? 10:10 Is the cook county recorder's office the same as CCrecorder.org? 13:58 At what point of the foreclosure process do you guys come in? 16:05 When putting in an offer, what are the things that give you an upper hand? 22:10 What are your feelings on escalation clauses and what are escalation clauses? 22:46 What is the best way to submit proof of funds? 26:45 What’s the first step you’d tell an investor who wants to get involved buying your deals? 32:55 How has 2020 changed your business and what do you expect going forward? 34:20 What are the differences between now and ‘08 in terms of high delinquencies? 37:28 Wrap Up Questions What is your competitive advantage? 49:00 What’s one piece of advice you’d give a new investor? 49:35 What do you do for fun? 50:15 What’s a good self development activity you use? 51:05 Who is one person you’d recommend in your local network? 52:00 How can we learn more about you? 52:39 That’s our show, thanks so much for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

Jason Marcordes, owner of Landmark Property Management, provides insight into how Pilsen has evolved and why he thinks it still has a runway for growth. Jason dives into tenants expectations and several nuances that come with investing in one of the oldest neighborhoods in the city. Aside from Pilsen, we touch on surrounding neighborhoods such as Little Village and Bridgeport, and analyze price points, housing stock, neighborhood growth, and more. If you learned something today from Jason, please take a moment to leave us a 5 star review and share us with a friend! Also, join our FB Group at https://www.facebook.com/groups/3265227216848263 Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jason Marcordes of Landmark Property Management Link: Facebook Group | Straight Up Chicago Investor Club Link: Book Rec | Can't Hurt Me: Master Your Mind and Defy the Odds Link: Book Rec | The Compound Effect (9781593157241): Hardy, Darren: Books Link: Mortgage Lender | Jason Brown, NMLS #729220 | Call Jason | Email Jason ----------------- Guest Questions Landlord tip of the week 4:03 Guest Intro 5:30 How have the Pilsen Stockyards changed over time? 7:30 How did you end up choosing Pilsen as a home base? 8:30 How does the housing stock differ in Pilsen from the rest of the city? 10:15 Are investors completely gut rehabbing properties in Pilsen or just accepting the smaller bedrooms? 11:10 What are some of the nuances in Pilsen to expect as opposed to other parts of the city? 12:05 What are some tenant expectations for rehabs in Pilsen? 13:30 What are the main streets/ sections of Pilsen I should be aware of as an investor? 16:30 How do the tenant expectations and prices change as you move West from Pilsen? 19:30 Are you managing a lot of market rents or more section 8? 24:19 How does the investment environment compare in Bridgeport to Pilsen and Little Village? 26:10 Do you get involved in the tri-taylor area, and what’s that neighborhood like? 26:50 How have your rents been since COVID hit? 29:00 Can you give rough pricing on a turn key deal in Pilsen? 29:54 Do you see city taxes becoming more of a burden as Pilsen grows? 31:00 Can you give us your thoughts on Will county as an investment opportunity? 34:30 Wrap Up Questions What’s your competitive advantage? 35:25 What’s one piece of advice you’d tell a new investor in Chicago? 36:30 What do you do for fun? 37:03 What’s a good self development activity you’d recommend? 37:30 Who is someone in your local network you’d recommend? 38:25 How can we learn more about you? 39:10 That’s our show, thank you so much for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

1 Episode 26: Neal Bawa's Thoughts on Chicago, Opportunity Zones, and Current Economic Conditions 46:22
Neal Bawa, the founder of Grocapitus, has built an immense empire of 3,000 units with nearly 40,000 students studying his data driven approach. On today’s episode, Neal dives into the key advantages and disadvantages of investing in Chicago compared to other major metros. He also provides his thoughts on opportunity zones, including the major benefits of OZs and why some are destined to fail. Being centered on data, he gives a deep dive into economic factors influencing Chicago, the individual investor, and the real estate market as a whole. Lastly, Neal explains how “churn” is the hidden expense you need to be accounting for. If you enjoy today’s episode with Neal, please give us a 5 star review and join our Facebook Group ! The group is linked here, and our community is growing - https://www.facebook.com/groups/3265227216848263 ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Neal Bawa of Grocapitus Investments Link: https://www.grocapitus.com/ Link: https://multifamilyu.com/ Link: https://www.grocapitus.com/opportunity-zones/ Link: https://tim.blog/ Link: https://www.linkedin.com/in/cmjackson/ ----------------- Guest Questions Landlord tip of the week 2:00 Guest intro 5:18 Is Chicago a market people should avoid because it doesn’t always look good in macro charts? 6:30 What is an opportunity zone and what are some pros/cons of them? 9:45 Is there a benefit to setting up a QOF if you’re in a small project? 17:04 What does a $4 Trillion dollar stimulus package do for an investor? 20:00 What could a downturn look like in the modern world run by banks? 26:00 As an investor, what makes sense as a project to do right now? 28:40 How do you account for churn in your investments? 32:20 Wrap Up Questions What is your competitive advantage? 39:00 What is one piece of advice you’d give a new investor? 40:15 What do you do for fun? 41:10 Name a good self development activity you’d recommend. 42:20 Who would you recommend as a quality resource in your network? 43:40 How can we learn more about you? 44:00 That’s our show, thank you so much for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

1 Episode 25: Out of State Investing Mistakes in the Chicago Market and How to Avoid Them with Kathy Fettke 56:44
Today’s episode provides great insights for anyone investing in Chicago, specifically for those unfamiliar with the area. Author, coach, and entrepreneur Kathy Fettke has been featured on The Wall Street Journal, ABC, CNBC, NPR, MarketWatch, among other major media outlets. With over 50,000 members following her advice through her RealWealth Network educational platform, Kathy’s team of investors have accumulated over $1 Billion in assets, with the majority of that number being out of state investments. Chicago is one of Kathy’s main markets and she has seen firsthand the challenges that come with out of state investing in an area as diverse as Chicagoland. Kathy walks through the Top 5 mistakes she sees out of state investors make and what steps you can take to proactively minimize these occurrences. Take a listen, and please leave us a 5 star review if you like what you hear. Also, don’t forget to check out our new Straight Up Chicago Investor Facebook group: https://www.facebook.com/groups/3265227216848263/ ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Kathy Fettke of RealWealth Network Link: Kathy’s husband’s book Link: Cook County Property Taxes Link: Mark’s blog on Section 8 room requirements Link: HUD Inspection checklist Link: Site to look up past HUD inspections Link: Kathy’s take on Chicago Link: Real Estate News (Kathy’ podcast) ----------------- Guest Questions 1:36 - Proactively getting the neighbors on your side 3:56 - Landlord tip of the week 6:06 - Intro 7:58 - How Kathy got started 8:43 - Kathy’s life changing event leading to the drive for passive income 10:51 - Why Chicago, and how Kathy chooses a market 13:28 - Chicago as its own universe, 15:01 - How property taxes align to affordability 16:27 - Chicago pricing compared to 2007 18:21 - Mistake #5 - Not performing appropriate due diligence/understanding permits 19:54 - Issues with doing unpermitted work 22:37 - Mitake #4 - Not fully understanding the neighborhood 24:50 Mistake #3 - Not hiring the right property management for your model 28:34 - Mistake #2 - Not understanding property taxes and how they can adjust 29:56 - Contest your Illinois property taxes every year32:27 - Mistake #1 - Not understanding Section 8 Housing 34:40 - Suburbs that provide higher Section 8 rents than market, and how to underwrite 35:21 - Section 8 voucher is inheritable 37:28 - Section 8 inspection and bedroom requirements 39:45 - Other things to look out for when evaluating turnkey companies 42:52 - Redflags for property management entities 45:05 - Real-life embezzlement example, and how to fight through it Wrap Up Questions What is your competitive advantage? 47:54 What is one piece of advice you’d give to a new investor? 51:37 What do you do for fun in Chicago? 52:42 What’s a good self-development tool you would recommend? 53:40 Name one person in your professional network that you’d recommend as a quality resource? 54:28 How can we learn more about you? 54:47 That’s our show, thank you so much for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

1 Episode 24: The In's and Out's of Chicago Real Estate Transactions with Attorney Chance Badertscher 45:41
Chance Badertscher from Lavelle Law, specializes in Commercial and Residential real estate as well as business formation in and around Chicagoland. In this episode, Chance provides nuggets on how to properly interview a real estate attorney and how an attorney should quarterback your transaction. Chance also goes into the role the attorney plays in Chicago real estate transactions and how they can best be utilized as a team member to work more efficiently both before and after the attorney review. Listen to our interview with Chance and if you learned something today, share us with a friend! ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Chance Badertscher of Lavelle Law Link: Chance W. Badertscher Link: CRLTO Ordinance | Residential Landlord and Tenant Ordinance Link: Network Recommendation | Ryan W. Gardner Link: Headspace App | Headspace: Meditation and Sleep Made Simple Link: New Chicago Renewal Notice ----------------- Guest Questions Landlord tip of the week 3:04 What are some questions I should ask when picking an attorney? 6:20 When do attorney’s get involved, what’s expected, and what's the process? 9:50 What are some things people can do to get an attorney review done quickly as possible? 14:50 What does having a contract being “as-is” mean on the legal side of the transaction? 16:50 What role is the attorney playing after attorney review? 19:03 After attorney review, what steps are taken to get to the closing table? 23:30 What kind of appraisal problems have you seen lately and how do you reconcile them? 25:30 How can you be a value add to some of your clients as opposed to just closing transactions? 33:50 Tell us some of the changes you’ve had to make during COVID in your business? 35:00 Wrap Up Questions What is your competitive advantage? 37:50 What is one piece of advice you’d tell a new investor? 39:52 What do you like to do for fun? 40:50 Name one person from your network you’d recommend as a quality resource. 42:00 What’s a good self development tool you’d recommend? 42:30 How can we learn more about you? 43:30 That's our show today! As always, thanks so much for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

1 Episode 23: Breaking Down South Side Neighborhoods with Chicago's Highest Producing Broker, Noah Birk 43:09
Our guest today, Noah Birk, is the highest producing multi-family broker in Chicago since 2014. In this episode, Noah provides great hyper-local insights on MFH investing in neighborhoods like South Shore, Auburn Gresham, Washington Park and Englewood. We discuss the impact that the Obama Center and Tiger Woods Golf Course play into the area’s appreciation as well as key mistakes to avoid on the south side for new investors. He also talks about how COVID has impacted the value-add space with large MFH investments and how much a typical 2/1 rehab can cost. If you learned something, please give us a 5 star review and share us with a friend! ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Noah Birk from Kiser Group Sponsors: Sizzle Home Staging , Das Law, LTD. Link: Available positions at GC Realty Link: Book Recommendation: Extreme Ownership: How U.S. Navy SEALs Lead and Win Link: Jennifer Goldstone Attorney Link: Kiser Group ----------------- Guest Questions Landlord tip of the day 3:58 Guest Intro: 6:15 How important is “block by block” on the south-side? 9:00 How much does the upcoming developments play into the south side? 10:12 Are clients often repeat clients in the south side of Chicago? 11:22 What are general rules of thumb if I’m an interested investor in South shore? 12:33 What are the borders of South Shore you’d be comfortable investing? 15:20 How would you compare Auburn-Gresham to South Shore? 17:40 How do you see transit affecting appreciation in the area? 19:95 How does Hyde Park compare to its surrounding areas? 21:35 What are your thoughts on Englewood as an investment opportunity? 24:30 Are Opportunity Zones influencing your clients? 26:04 How are clients getting buildings rehabbed during this environment? 28:25 Do you have rough numbers on how much a value add is per unit? 29:50 What are some things you make out of state investors aware of? 31:45 For new investors, would you recommend getting started with MFH right off the bat? 34:40 Wrap Up Questions What’s your competitive advantage? 37:10 What’s one piece of advice you’d give to a new investor in Chicago? 38:29 What do you do for fun? 39:15 What’s a good self development tool you’d recommend? 40:05 Name one person you’d recommend as a quality resource in Chicago? 40:55 How can we learn more about you? 41:50 That's our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

Matt Fritzshall is the President and Founder of Triton Realty Group with over 200MM in transactions under his belt. Matt was highly successful during the Logan Square boom and in this episode, he'll discuss other Northside markets such as Hermosa and Belmont Gardens that have the potential to be the next Logan Square. Matt also weighs in on the age old debate of starting small or going for a large multi family syndication and the pros and cons of each. Tapping on his experience over the past decade, Matt brings up issues he’s seen that slow down the closing and also what an investor friendly agent wants to see from someone new in the game. Listen to Matt's local insights and then leverage this information to move you along your journey. If like what you hear, leave us a review and recommend us to a friend! ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Matt Fritzshall from Titon Realty Group Sponsors: Sizzle Home Staging , Das Law, LTD. Link: Heartland Bank Link: Recommendation - GrantCardone.com Link: Heartland Bank Justin Kennedy Link: Renovo Eric Workman ----------------- Guest Questions Guest Intro. 3:35 What are some neighborhoods you like? 4:35 What are some rough guidelines for underwriting in Hermosa or Belmont Gardens? 7:35 How do you differentiate between Renter/Condo quality? 10:27 Can you break down some nuances in your neighborhoods that buyers should know? 12:20 What are your thoughts of starting in a large MFH or smaller deals? 17:08 What are some issues buyers have when trying to close contracts? 22:45 How long does it take to get a commercial loan start to finish? 27:50 How can I get in the game if I have no track record? 32:50 How do you see rents changing in the north side over the next couple years? 35:40 Wrap Up Questions What is your competitive advantage? 41:10 What’s one piece of advice you’d give a new investor? 42:25 What do you do for fun? 43:10 What’s a good self development activity you would recommend? 44:52 Can you name one person in your network you’d recommend? 46:10 How can we learn more about you? 47:40 That's our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

1 Episode 21: Leveraging an Architect for Chicago Permits, Building Violations, & Nonconforming and Illegal Units, with Prashanth Mahakali 48:49
Prashanth Mahakali is the owner of PMPC Architecture firm here in Chicago and an active contributor to Bigger Pockets. He is also an investor and has built his firm under the notion of smoothly handling all headache permits for his clients. In today’s episode, Prashanth talks in depth on handling building violations, expediting permits, and navigating the city's easy permit process. Prashanth provides insights to when you do and do not need an architect, and that when you do need one, get them involved before you close the deal. Lastly, Prashanth also weighs in on one of the more prevalent BP questions in the Chicago forum - how to address nonconforming and illegal units for investment purposes, and the new Chicago ADU guidelines which may be a huge win for property owners. If you find this episode useful, leave a comment and refer us to a friend! ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Prashanth Mahakali from PMPC Link: https://www.sizzlehomestaging.com/ Link: https://daslawltd.com/ Link: Chicago Residential Architects | Get Free Consultation | Award Winning Licensed Architect Link: Self-Certification Permit Program Link: ADU Ordinance Ready for City Council Scrutiny in Chicago Link: Chicago Cityscape - Find construction activity in Chicago Link: Tim Ferriss Link: Easy Permit Program Email: jfugman@gmail.com ----------------- Landlord tip of the week 2:25 Guest Questions Guest Intro. 5:15 How did your work take you to the south and west sides? 7:30 What does it take to get fast permits in Chicago? And explain an expedited permit. 10:15 How do you know if a job is qualified to be self certified? 12:40 In the city of Chicago, what is an easy permit? 14:45 How do we know when an architect would or would not be needed? 16:00 How do you interact with investors and contractors to be a value add? 17:45 Can you explain the legality of nonconforming units for house hacking and the like? 21:20 What are some things people should be aware of related to nonconforming units? 28:20 What is a permit expediter? 36:40 Wrap Up Questions What has been your competitive advantage? 38:25 What is one piece of advice you’d tell a new investor? 40:09 What do you do for fun? 42:20 Can you recommend a self development tool? 45:00 Can you name a local network recommendation? 46:00 That's our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

After selling a successful logistics company, and actively investing in real estate, Jake Fugman has carved a niche as a high-performing investor-friendly agent. In this episode, Jake provides a ton of market knowledge and deep insights into many desirable and upcoming Chicago neighborhoods, including Hermosa, Belmont Gardens, Portage Park, Marshall Square, Pilsen, Little Village, along with several southern suburbs where his investors find success. Jake walks through the pros/cons of house-hacking in each area and also provides valuable NUGGETS in regards to underwriting and expectations. If you are looking to house-hack, invest in small-multis in the city, or SFH in the South Suburbs, this episode will not disappoint. If you like this content, please subscribe, write a review, and share with a friend who would also find value. Also, don’t forget to check out our show sponsor https://www.sizzlehomestaging.com/ , especially if you plan to flip in the near future. ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jake Fugman from On West Properties Link: https://www.sizzlehomestaging.com/ Link: https://www.foundmyfitness.com/ Link: https://www.successmortgagepartners.com/zachary-karp/ Email: jfugman@gmail.com ----------------- Landlord tip of the week 3:00 Guest Questions Guest Intro. 6:40 Give us an example of a typical entry level buyer profile. 9:55 If someone has 50K, where would you direct them? 11:35 What are some expectations you help establish with clients on house hacking? 13:20 What are some neighborhoods you really like? 15:30 Are you seeing opportunities in the south suburbs? 24:10 What do investors need to look for in a realtor? 31:28 Can you dive into Marshall Square? 35:25 Wrap Up Questions What is your competitive advantage? 38:00 What is one piece of advice you’d give a new investor? 40:55 What do you do for fun? 42:17 What is a good self development tool you’ve been using? 42:57 Can you name one person in your local network you’d recommend? 44:04 How can we learn more about you? 45:00 That's our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

1 Episode 19: Top 10 Mistakes We See From Chicago Investors - with Eric Workman of Renovo Financial (Part 2) 52:33
Last week we got into the top ten mistakes borrowers make with Renovo Financial. This week, Eric Workman continues counting down the top 10 with numbers 5 all the way down to #1. Eric has a long background in real estate with experience in construction, brokering deals, flipping houses, etc. When Brandon Moulton, our guest from the previous episode, tried to get Eric to do his financing with Renovo as a client, he ultimately ended up with a job. Eric breaks down the second half of our top 10 mistakes borrowers make when getting financing. Listen to us discuss how each mistake is fixable and avoidable with the right proactive measures. If you found value in this episode, please leave us a comment and share us with someone in your circle! ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Eric Workman from Renovo Financial Link: https://www.biggerpockets.com/member-blogs/12409/88233-newbies-heres-how-to-account-for-all-costs-of-a-flip Link: https://www.renovofinancial.com/team/ Link: https://www.jordanbpeterson.com/ Link: https://www.atproperties.com/agents/lucasblahnik ----------------- Landlord tip of the week 3:31 Guest Questions Guest Intro: 6:45 Mistake #5 11:35 Mistake #4 19:00 Mistake #3 25:10 Mistake #2 29:20 Mistake #1 35:00 Wrap Up Questions What is your competitive advantage? 45:15 What is one piece of advice you would give a new investor? 46:00 What do you do for fun? 47:05 What is a good self development activity you would recommend? 47:49 Name one person in your local network you’d name as a quality resource. 48:40 That's our show! Thank you so much for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

Andrew and Angie Taggart, an electrician and a teacher by trade, walk us through how their drive for learning and growth has pivoted their careers into scaling up a real estate portfolio. They give tons of great information on networking events that have been pivotal in getting momentum, the strategy they use and unique rules relating to BRRRR investing that young investors can easily overlook. ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Andrew and Angie Taggart of Taggart Electric Inc. REObroker Site: https://www.reobroker.com/ Auction Houses: https://www.hubzu.com/ REI Meetup: https://www.meetup.com/Chicago-Real-Estate-Investors-Mastermind/ Taggart Electric: https://www.taggartelectricinc.com/ Multiple Streams of Income: https://www.amazon.com/Multiple-Streams-Income-Generate-Unlimited/dp/0471714550 Rich Dad Poor Dad: https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 Van Blackman - Wholesaler: https://www.networthrealtyusa.com/ ----------------- Guest intro 2:36 Questions for Andrew and Angie: What is the most overlooked aspect of the BRRRR strategy? 6:00 How do you handle financing? 8:15 What REI meetups are you parts of? 10:15 Tell me about your strategy of determining location. 11:25 How would you describe your areas to someone unfamiliar? 15:00 Why invest in single family over MFH? 17:10 What are some challenges you face after you close on a property? 19:25 What's the scope of a typical rehab you're doing? 21:20 Have you had to fight an appraisal before? 26.45 Wrap up questions: What's a piece of advice you'd give a novice? 31:00 What's your competitive advantage? 32:04 If you could go back three years, what would you do differently? 33:37 How do you have fun? 34:30 What's a good self development product you've used? 35:16 Local network recommendation? 36:23 Thanks for listening! If you found this episode useful, leave us a comment and hit that like button, it helps us out tremendously! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

Originally from Philadelphia, Dan is a great case study of how an out of state investor can crush it in this market. Today he operates in three markets: Chicago, Philadelphia and Atlanta. Starting in ‘06 as a wholesaler with not much guidance, Dan gives tremendous insight into his journey from those early days wholesaling to today where in 2019 he closed on 223 deals with 5MM in profit for him and his partners. Dan is an expert at what he does with tremendous discipline, meditating every day and prioritizing sleep to accomplish everything he does. Listen in for his playbook and tips to scale up to his level. You can find out more about Dan at his website and podcast REIDiamonds.com or dealswithroi.com to see his active wholesale deals. ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Dan Breslin of REI Diamonds Wholesaling distribution list: https://dealswithroi.com/ How Dan presents deals to investors: https://diamondequity.com/private-lenders/ Book rec: https://www.amazon.com/Super-Human-Bulletproof-Backward-Forever/dp/0062882821 Book rec: https://www.amazon.com/Why-We-Sleep-Unlocking-Dreams/dp/1501144316 Self development product rec: https://choosemuse.com/ Link: https://kaufmanlawchicago.com/index.php ----------------- Guest Bio 2:30 Questions for Dan Breslin: How did you hone in on specific areas? 4:45 How are you positioning your marketing budget? 8:00 How do you decide whether to personally flip/invest vs wholesaling to your clients? 10:25 How can investors set up a relationship with companies like yours?13:05 What signs should people be looking for to identify gentrification? 17:30 What are some of the attributes that separate markets you like vs the ones that you look past? 24:00 How are you finding deals and how do you get financing to do the amount of volume you do? 28:40 What pitfalls should people look for when dealing with wholesalers? 32:55 Wrap up questions: What is your competitive advantage? 35:40 What is one piece of advice for someone yet to do their first deal? 36:20 How do you have fun and decompress? 37:15 Self development tool you would recommend to someone? 37:40 Network recommendation 40:40 ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
Mark and Tom introduce the first podcast to deep dive into real estate investing in Chicago and its surrounding suburbs. We are going to take a look at specific neighborhoods and specific strategies, dissect obstacles that real investors have dealt and explore the solutions used to overcome them. Listen to Mark and Tom have a candid conversation about how the current environment has impacted their territories. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
For everyone working a W2 job, our guest today, David Shifrin, is a great example of how to incorporate real estate into your long-term plan without having to give up your current career. David Shifrin wanted a way to marry his professional career as a plastic surgeon to his interests in becoming a real estate investor. This path led him to Motor Row and an acquisition of a historic Chicago building. Listen as he describes why he is bullish Motor Row and the lessons he learned as he simultaneously built two businesses from the ground up right on Motor Row. If you like what you hear today, share us on Facebook and tag us with what you found most interesting. If you want to see how we can improve your properties performance, reach out to us at GCRealtyInc.com . Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: David Shifrin of David Shifrin MD Sponsor: John Warren of Second City Real Estate Sponsor: Appeal.tax Link: Am I Being Too Subtle?: Straight Talk From a Business Rebel Link: Evergreen Bank Group | Oak Brook, Evergreen Park, Hinsdale, IL Link: Mike Chock on LinkedIn Link: Robert Sikkel | Goose Island Real Estate Broker | @properties Link: David Shifrin MD | Chicago Plastic Surgeon ----------------- Guest Questions Landlord tip of the week 4:20 Guest Intro 7:15 What excited you about investing in real estate? 8:00 Why did you decide to go down the hands on approach rather than a syndication? 9:00 Description of motor row? 10:30 Was the building vacant when you bought it? 13:00 What types of challenges did you have when you took on this project? 14:00 Can you explain TIF funding? 16:40 Did you know you were investing in a historical district and the challenges that presents? 20:00 Can you explain cost segregation? 21:30 While you were doing the work on your building, are you continuing to look at other deals? 25:50 What’s your primary strategy for searching for buildings? 27:30 Wrap Up Questions What is your competitive advantage? 32:30 What is one piece of advice you’d give to a new investor? 33:30 What do you do for fun? 34:09 What is a good self development tool you’d recommend? 34:40 Name one person you’d recommend as a good local resource? 36:37 How can we learn more about you? 37:25 Chicago Fact 38:05 Thanks for listening! Give us your feedback, give us your ideas for what should be on the show; we love hearing what you want and we are listening. If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

The term “1031 Exchange” is ubiquitous, but do you really know what it is or how to even engage in one? Lauren Speidel of Exeter1031 is a subject matter expert and breaks it down for you today. She’ll explain the different parties involved, what the criteria are and what you need to know before having the necessary conversations. Our hosts, Tom and Mark, have great FAQs for Lauren and she delves into a lot of content on one of our most informative episodes yet. If you like what you hear today, share us on Facebook and tag us with what you found most interesting. If you want to see how we can improve your properties performance, reach out to us at GCRealtyInc.com . Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Lauren Speidel of Exeter 1031 | Connect with Lauren on LinkedIn Sponsor: John Warren of Second City Real Estate Sponsor: Appeal.tax Link: The Exeter Group Launches Go Ahead, ASK! Podcast Link: Mandy McAllister Link: Exeter 1031 on Facebook ----------------- Guest Questions Guest Intro 6:20 What is a 1031 exchange? 7:15 What is a “like property” and how do you define it? 9:25 What is an intermediary and what happens before and after a closing? 13:15 What are some questions you should ask an intermediary? 14:55 How does the purchase of a new property differ from a regular closing when in a 1031 exchange? 21:32 Can I wrap a whole portfolio into a single 1031? 22:45 How does househacking fit into a 1031 exchange? 24:20 What can you do with a vacation rental or second home when it comes to a 1031? 28:50 Do you have conversations with clients’ CPAs? 30:20 Is there a minimum dollar threshold you recommend clients have before it makes sense? 33:15 Can 1031 Exchanges work when an entity wants to split after a closing and put the proceeds in a new entity? 34:00 What are the time limits on seasoning and intent to hold? 37:00 What are the estate planning benefits to 1031 exchanges? 38:00 What is a reverse 1031 exchange? 40:45 Wrap Up Questions What is your competitive advantage? 43:00 What advice would you give someone who is about to sell in Chicago? 44:00 What do you do for fun? 44:35 What is a good self development activity you’d recommend? 45:20 Is there any way we can provide value to you or learn more about you? 46:50 Thanks so much for listening. Please share this with a friend and leave us a 5 star review. Thank you so much for listening. As always, we’re here to help YOU. If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 46: Why Invest in Smaller Multifamily Properties in the North and Northwest Suburbs of Cook County - Anthony Citriglia 39:53
Chicagoland is an enormous market with a ton of sub markets. Anthony Citriglia of Essex Realty’s submarket covers many of the near north and near northwest suburbs and he breaks down exactly what those markets are like; how they differ from Chicago; and how they differ from each other. Following the post-war boom, cheaper access to cars, and the development of several Metra lines, the 50s-80s were filled with tons of development, mostly still currently owned by mom & pop landlords. Find out what it takes to succeed in these markets as Anthony drops street-level knowledge including typical price-per door, dividing lines where this pricing adjusts, tenant expectations, and the physical housing stock. If you want to improve your own tenant performance, give GC Realty a call and visit our website at https://www.gcrealtyinc.com/ Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Anthony Citriglia of Essex Realty Group Link: Brian Kochendorfer Link: Brian Karmowski Link: Kevin Cawley - Senior Account Executive - Cost Segregation Services, Inc. ----------------- Guest Questions Landlord tip of the week 3:00 What markets do you focus on? 6:30 What is the market environment in Niles? 7:25 Is there a difference whether you’re on the East or West side of Milwaukee in Niles? 8:30 How do property taxes change when you jump over the city limits? 9:35 When someone says they want to invest, how do you answer that? 11:00 How are prices different between Niles and Skokie? 11:50 What is the opportunity like in Evanston compared to Skokie? 14:45 What is the housing stock in the north suburbs? 15:30 What is something people should be aware of when investing in the north suburbs? 16:10 How does the northwest market differ from the north suburbs? 17:45 What is the housing stock like of the near northwest suburbs? 21:35 How important is it to be close to the NW metra line? 21:55 Is there opportunity for deals in the NW suburbs? 23:20 What are some problems buyers are seeing when properties are under contract? 29:30 What is a california style building and how do those trade? 32:50 Wrap Up Questions What is your competitive advantage? 33:40 What is one piece of advice you'd give a new investor? 34:25 What do you do for fun? 35:00 Who would you recommend and a quality resource? 36:05 How can we learn more about you? 37:12 Thanks so much for listening. Please share this with a friend and leave us a 5 star review. Thank you so much for listening. As always, we’re here to help YOU. If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 45: Community Investment Corporation (CIC) - Chicago’s Non for Profit Lender, with Jack Crane 45:24
For over 35 years, Jack Crane has been providing expertise on financing the acquisition and rehabilitation of commercial real estate. The majority of those years have been spent as Sr. VP of lending at CIC where he is responsible for carrying out the mission to be a leading force in both neighborhood revitalization and affordable housing. From lending during tough times, to helping analyze risk, Jack explains how CIC has played a predominant role over multiple decades in transforming Chicagoland neighborhoods. Jack also describes how you as an inverter can benefit from CIC’s lending programs and experience to better rehab and finance your next investments. If you like what you hear, please share us with a friend and leave us a 5 star rating. Lending Tip of the Month brought to you by Renovo Financial - https://www.renovofinancial.com/ Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jack Crane of Community Investment Corporation Monthly Tip: Renovo Financial Link: Troubled Building Initiative (TBI) Link: Elevate Energy Link: The Resurrection Project Link: Jack Crane - Senior Vice President - Director of Lending - Community Investment Corporation Link: Caste (Oprah's Book Club): The Origins of Our Discontents Link: AIA | Jack Cassin Link: Property Management Training – Community Investment Corporation ----------------- Guest Questions Lending Tip of the Month brought to you by Renovo Financial Landlord Tip of the Week 4:00 Renovo Value Add 5:45 How to get started as a new flipper? 5:50 What is CIC’s mission? 10:15 In what way is CIC different from typical lenders? 13:30 Where do the CIC’s funds come from? 16:35 What does the typical deal someone brings to CIC look like? 18:20 Are there lending requirements for deals CIC finances? 19:50 Once rehab is complete, do investors need to refinance out of the loan? 21:30 What’s the minimum size of property the CIC will fund and what do you focus on? 22:00 What are some everyday type of activities that might qualify for energy grants? 27:00 What are some other reasons investors would work with CIC over other lending institutions? 28:50 Is there any comparison to the 80s uptown and rogers park in today’s market? 32:00 What is the resurrection project? 35:13 Wrap Up Questions What is CIC’s competitive advantage? 38:20 What is one piece of advice you’d give a new investor? 38:45 What do you do for fun? 39:10 What is a good self development activity you’d recommend to our listeners? 40:00 Who is one person in Chicago you’d recommend as a quality resource? 40:50 How can we learn more about you? 41:40 Chicago Fact 43:15 Thank you so much for listening. As always, we’re here to help YOU. If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/ . ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

How many ways are there to finance buying a property? Way more than I’m aware of which is why our guest Chris Puleo is here. With his robust 20+ year career, Chris has seen it all and explains a plethora of different popular products. With so much interest in househacking, of course we talk about the FHA product and calculating the self sufficiency tests. Not to mention some of the things investors AND brokers need to be aware of when putting offers on properties with an FHA loan product. Chris also compares the differences between buying in your personal name and buying in an LLC. There’s a lot to unpack so let’s get to it and if you like what you hear, or you learned something, please subscribe to our channel and give us a 5 star review. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Sponsor: GC Realty & Development Guest: Chris Puleo of The Puleo Group Link: GC Realty & Development, LLC.: Chicago Property Management, Chicago Homes for Rent Link: Chris Puleo - The Puleo Group, Powered By Preferred Rate. NMLS 204168 | Call Chris | Email Chris ----------------- Guest Questions Landlord tip of the week 2:46 What are some differences between owner occupied and investment loans? 6:10 How have reserves changed before COVID vs now? 7:45 Can you talk about some of the contingencies regarding FHA loan for owner occupied properties? 9:20 Why is a 3 flat more difficult to underwrite than a 2 and 4 flat? 15:50 What are some risks FHA users need to consider when buying a property? 20:25 When would it make sense to buy down points on an FHA loan? 21:50 What are some differences between buying a property in a personal name vs an LLC? 24:20 Can you explain paydowns on wrap around loans and why a sale of one property would go to the debt of many properties? 26:50 What are some things you’d want to see from a new investor you’ve never done business with before? 30:00 What are some things that someone looking to househack should know when going to speak with you? 32:15 How do you think the lack of inventory has played into our current financing environment? 36:10 Wrap Up Questions What’s your competitive advantage? 37:52 What is one piece of advice you’d give to a new investor? 39:00 What do you do for fun? 39:25 What is one good self development activity you would recommend to our listeners? 40:22 Who is one person you’d recommend from your local network? 41:10 How can we learn more about you? 42:50 That’s our show! Thanks for tuning in once again! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

1 Episode 43: Househacking, Scaling, and Large Multifamily Deals With one of Chicago’s Best Power Couples 51:35
Have you ever looked at your significant other and wanted to build an empire with them? That’s exactly what Nicky and RJ De Leon have been doing since the early days of their relationship. Today, they tell their story from start to current day, diving into how they had all those hard conversations about deciding on the first location, getting on the same page as your partner and so on. Since that initial househack, they moved on into bigger projects but not alone. Listen to how they went about networking and building those partnerships that helped propel them further. All that they have accomplished has also been with full time jobs. Listen to their journey and leave us some feedback. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Sponsor: GC Realty & Development Guest: Nicky and RJ De Leon of NVR Properties LLC, EJC Partners Link: Operation Family Secrets: How a Mobster's Son and the FBI Brought Down Chicago's Murderous Crime Family Chicago Multifamily Club (Chicago, IL): MeetUp | Facebook Link: The Real Estate InvestHer Link: EJC Partners - Value-add Construction for Real Estate Investors Link: First State Bank | Personal & Business Banking Link: The Only Woman in the Room: A Novel Link: The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM) Link: Shoe Dog: Knight, Phil, Butz, Norbert Leo: 9781508211808 ----------------- Guest Questions Landlord Tip of the Week 2:45 How did your first house hack get started? 6:20 What happened after your first househack was a success, where did you go next? 11:40 What was different about the due diligence between the 3 unit and 6 unit buildings? 13:20 What were some things that surprised you about owning a 6 unit? 15:07 What were some improvements you’ve considered doing when you bought the 6 unit building? 19:40 What did you do with the equity you gained from the first 3 flat in bronzeville? 22:40 Can you dive into the 3 flat rehab project details? 24:30 How did you get into Avondale? 29:40 Do you take on projects outside of your own investments for EJC Partners? 31:40 Can you share some details about how you found and got involved in your current large multifamily? 34:50 Where are deals coming from? 38:00 Wrap Up Questions What has been your competitive advantage? 43:05 What is one piece of advice you’d give a new investor? 44:08 What do you do for fun? 45:40 Who would you recommend as a quality resource? 48:25 That’s our show! Thanks for taking the time to listen and please leave us a 5 star review. Also consider joining our Facebook group at https://www.facebook.com/groups/3265227216848263 ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

In today’s episode, attorney Bob Floss dives further into the current RLTO ordinances and how the proposed ordinance affects investors, landlords, and tenants alike. With so much changing day to day, it can be challenging to keep track of best practice. This is why it’s necessary to have solid legal representation on your team when dealing with tenant issues. Bob also discusses the new ADU ordinance and how investors can benefit from the current pilot. Listen in and let us know what you think. If you need help managing your tenants, connect with us and make the most out of your investment at https://www.gcrealtyinc.com/ . Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Sponsor: GC Realty & Development Guest: Bob Floss of Floss Law Link: City Council to review revised ADU ordinance to apply in pilot areas only Link: Accessory Dwelling Units (ADU) Supporters in Chicago Link: The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich Link: Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork Link: Brie Schmidt, Managing Broker/Owner Link: North Shore Real Producers - Real Estate Link: Floss Law, LLC ----------------- Guest Questions Landlord Tip of the Week 4:20 What does the RTLO look like and how does it impact landlords? 8:45 What are some of the big things that will impact investors in the ordinance? 20:20 What kind of unintended consequences are of risk to the tenant? 23:15 What is proposed regarding the ADU changes? 31:40 How is it different if I’m in an approved ADU zone compared to getting a regular zoning variance? 38:00 Wrap Up Questions What’s your competitive advantage? 44:42 What is one piece of advice you’d give a new investor? 45:30 What do you do for fun? 47:23 What is a good self development activity you’d recommend? 48:10 Who would you recommend as a quality resource? 49:10 How can we learn more about you? 50:40 That’s our show! Thanks for taking the time to listen and please leave us a 5 star review. Also consider joining our Facebook group at https://www.facebook.com/groups/3265227216848263 ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.…
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Straight Up Chicago Investor

As we wrap up 2020, a huge thank you to all our listeners and active participants that have helped transform this podcast from a simple idea of sharing localized knowledge into its current state (which we view as a success). In this episode, Mark and Tom give a quick state of the union of the podcast and also dive into what they learned over 40 episodes, including some of their favorite episodes and nuggets. We also lay out what to expect from SUCI as we continue to try and add valuable content, while also soliciting your feedback. Congrats on what you’ve accomplished this year and keep plowing ahead. If you found this episode helpful, please give us a 5 star rating and share us with a friend. And if you own properties and do not manage yourself, please reach out if you want to see how we can improve your property performance, check us out at GC Realty & Development, LLC.: Chicago Property Management, Chicago Homes for Rent . Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com That’s our show! Thanks for taking the time to listen and please leave us a 5 star review. Also consider joining our Facebook group at https://www.facebook.com/groups/3265227216848263 ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

Tom Raleigh, of Halsted Law Group, breaks down the current environment for landlords as it relates to the eviction process. COVID has shaken things up, and understanding what you can and can’t do is more confusing than ever, so having an ally who understands the rules and will fight for you is paramount. Listen to our hosts ask Tom some FAQs about landlord process and protocol and learn about a new service coming out to help landlord’s screen tenants way more effectively! Rent Butter is coming in 2021 and you’ll want access to it. If you found this episode helpful, please give us a 5 star rating and share us with a friend. And if you own properties and do not manage yourself, please reach out if you want to see how we can improve your property performance, check us out at GC Realty & Development, LLC.: Chicago Property Management, Chicago Homes for Rent . Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Sponsor: GC Realty & Development Guest: Tom Raleigh of the Halsted Law Group Link: Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork Link: Know Your Rights: COVID 19 Eviction Protection Ordinance Link: Rent Butter Link: Sell More Faster: The Ultimate Sales Playbook for Startups (Techstars) Link: Das Law – Litigation Attorney in Chicago, IL ----------------- Guest Questions Landlord tip of the week. 3:15 Can you tell us about what laws and rules landlords have to follow right now? 6:30 What do you do if you have a non paying tenant in Chicago? 8:10 How do you get a hold of tenants who are unresponsive? 10:40 Is there a difference with non paying tenants if there is an active lease or an expired lease? 12:50 What does the solution look like when you have a tenant who is not paying? 16:00 What happens if a tenant goes silent after giving all the notices? 21:00 Know your rights form rundown. 23:25 What happens to landlords who were filing evictions prior to covid? 25:20 What is your two minute rundown on Rent Butter? 29:20 Wrap Up Questions What is your competitive advantage? 36:40 What is one piece of advice you’d give a new investor? 39:14 What do you do for fun? 39:45 What’s a good self development activity you would recommend? 40:25 Who would you recommend as a quality resource here in chicago? 40:45 That’s our show! Thanks for taking the time to listen and please leave us a 5 star review. Also consider joining our Facebook group at https://www.facebook.com/groups/3265227216848263 ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

In today’s episode, Sean Connolly talks about his not so usual journey of scaling to a multi- million dollar portfolio and the lessons and tools he’s acquired over the past 8 years. Sean provides his advice on investing in certain southside markets as a new investor and if you’re not doing volume, why it’s so important to control your material cost. Sean also provides his thoughts on the imminent future of the Chicago real estate market. Lastly, he explains the role and significance of virtual assistants and how they can help you scale. Listen in to hear all that he has to say, and if you learn something, hit that 5 star button. If you want to see how we can improve your property performance, check us out at GC Realty & Development, LLC.: Chicago Property Management, Chicago Homes for Rent . Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Sponsor: GC Realty & Development Guest: Sean Connolly of the Scale Virtually: Home | Email Sean | Call Sean Link: Emerging Real Estate Markets: How to Find and Profit from Up-and-Coming Areas Link: Scale Virtually: Home Link: Virtual Freedom: How to Work with Virtual Staff to Buy More Time, Become More Productive, and Build Your Dream Business Link: Traction: Get a Grip on Your Business: Wickman, Gino: 0783324916904 Link: Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork Link: The Experience Transformer - Fillable PDF Link: Straight Up Chicago Investor Club | FB Group ----------------- Guest Questions Guest Introduction 6:25 Where have you been investing over the past 8 years? 7:50 Why move from Austin to the southside? 10:00 Are you mostly flipping or holding? 10:25 How did you do your first 50 units in Austin? 11:18 What is your outlook on the Chicago housing market?19:10 How did you start using virtual assistants to scale? 27:18 At what point can an early investor get involved with a virtual assistant? 33:30 Tell us about your bad cash for keys experience? 39:55 Wrap Up Questions What is your competitive advantage? 43:04 What is one piece of advice you would give a new investor? 44:00 What do you do for fun? 44:55 What is a good self development activity you would recommend? 45:25 Can you name someone who you’d recommend as a resource? 46:00 How can we learn more about you? 47:10 That’s our show! Thanks for taking the time to listen and please leave us a 5 star review. Also consider joining our facebook group at https://www.facebook.com/groups/3265227216848263 ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

1 Episode 38: Can’t Find Deals on the MLS? The Cook County Land Bank has Hundreds of Distressed Properties Waiting for Investors 56:56
Are you looking for distressed deals? The Cook County Land Bank (CCLB) has plenty and they go right under most investor’s noses! In today’s episode, Rob Rose provides an overview of the CCLB, a socially responsible wholesaler working with investors to turn dilapidated properties into newly remodeled homes. Rob describes CCLB’s acquisition process, their commitment to neighborhoods, CCLB’s unique ability to wipe out liens, and how you can engage with CCLB to get in on the action. Listen in to hear all that he has to say, and if you learn something, hit that 5 star button. If you want to see how we can improve your property performance, check us out at GC Realty & Development, LLC.: Chicago Property Management, Chicago Homes for Rent . Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Sponsor: GC Realty & Development Guest: Rob Rose of the Cook County Land Bank Link: Family Properties: How the Struggle Over Race and Real Estate Transformed Chicago and Urban America Link: Thurman Tony Smith on LinkedIn Link: Calvin L. Holmes ----------------- Guest Questions Landlord tip 4:30 What is the Cook County land bank? 7:22 What is the land bank able to do faster than the county/city can? 9:10 Besides REO, what are some other ways the land bank acquires property.10:00 What is a tax sale, annual sale and scavenger sale? 13:00 How is your budget funded? 23:00 What kind of activity have you guys been doing? 25:10 What’s the distribution of property types that you acquire? 30:10 As an investor, how can I engage in the land bank? 34:35 What are things the land bank wants to see on applications for new applicants? 39:20 How often are inventories on the website updated? 43:10 What are the restrictions on the sale? 44:20 Wrap Up Questions What has the land bank done to be successful? 48:15 What is one piece of advice you’d tell someone who has yet to buy their first property through the land bank? 49:40 What do you do for fun? 51:48 What is a good self development product you’d recommend? 52:01 Who would you recommend as a resource in Chicago? 53:45 How can we find out more about you? 54:50 ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

In today’s episode, our guest Mike Glasser, President of the Neighborhood Builders Owner Alliance, explains how neighborhood housing provider advocacy groups are fighting for fair and lawful protection for investors in and around Chicago. Mike lays out the current advocacy campaign against the proposed CRTLO, the differences between the CRLTO and the RTLO, and the unintended consequences from previous legislation. Lastly, he gives advice on what you can do to help support the fight. Listen in and if you find value in today’s episode, please leave us a 5 star review and recommend us with a friend. If you want to see how we can improve your property performance, check us out at GC Realty & Development, LLC.: Chicago Property Management, Chicago Homes for Rent . Also, check out our Straight Up Chicago Investor Club at https://www.facebook.com/groups/3265227216848263 Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Sponsor: John Warren Guest: Mike Glasser of Magellen Properties Link: Neighborhood Building Owners Alliance (NBOA) Link: Chicago Tribune Link: Chicago Sun-Times ----------------- Guest Questions Landlord Tip 6:15 What is the NBOA and the current coalitions in it? 9:10 If I’m a landlord, why should I care about these groups? 11:50 Who are the advocacy groups advocating to? 14:25 What were some of the unintended consequences of the CRLTO? 18:45 If the RTLO passes, what does this mean for property owners? 23:10 Has there been any pushback from individual cook county cities? 28:20 What can investors do to help with the advocacy campaign? 33:15 Do you think rent control will come up again? 34:50 Wrap Up Questions What is your competitive advantage? 39:15 What is one piece of advice you’d give a new investor? 40:05 What do you do for fun? 40:40 What is a good self development activity you’d recommend? 42:00 Who would you recommend as a quality resource? 43:00 How can we learn more about you? 43:30 ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

First and foremost, a huge thank you to all our listeners! Please continue to be active members of our community and help spread the good word! This Thanksgiving, we want to take a quick moment to reflect on all the great things and opportunities we have in this great city of Chicago. A rich history, epic sports franchises, an extensive park network and some of the best food in the world are only the tip of the iceberg. With one of the largest metros in the country, we’ve been able to build this podcast and develop this network of investors and entrepreneurs. Listen in as we talk about some of the city’s highlights and teach each other a bunch of things about our home. Listen in and if you like what you hear, leave us a 5 star review and share us with a friend. If you want to see how we can improve your property performance, check us out at GC Realty & Development, LLC.: Chicago Property Management, Chicago Homes for Rent . Also, check out our Straight Up Chicago Investor Club at https://www.facebook.com/groups/3265227216848263 Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Sponsor: John Warren Guest: Tony Angelos of IRPINO Real Estate Link: Geoffrey Baer Tours Link: Unusual Attractions in Chicago Book: Am I Being Too Subtle?: The Adventures of a Business Maverick by Sam Zell Book: South Side by Natalie Y Moore Link: The City Podcast Episode 1 - Six Stories Book: The Jungle by Upton Sinclair Link: Papa Joe’s Pizza ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

1 Episode 35: Diving into Belmont Cragin, North Austin, and the Northwest Side Building Coalition with Jon Womack 41:28
Jon Womack of Third City Properties has been investing in the Chicago market for four years focusing on the northwest neighborhoods of Belmont Cragin and North Austin. Jon dives into what the investment landscape looks like in these areas, including tenant expectations of finishes and his general investment strategies. One of the key differentiators for Jon is his involvement in local neighborhood coalitions. Jon heads up the Northwest Side Building Coalition and is also an active member of the NBOA. Jon lays out several Chicago neighborhood coalitions that you can participate in to help move your neighborhood forward. Listen in and if you like what you hear, leave us a 5 star review and share us with a friend. If you want to see how we can improve your property performance, check us out at GC Realty & Development, LLC.: Chicago Property Management, Chicago Homes for Rent . Also, check out our Straight Up Chicago Investor Club at https://www.facebook.com/groups/3265227216848263 Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Sponsor: John Warren Guest: Jon Womack of Third City Properties Link: Northwest Side Housing Center Link: AAABNA | The Austin African American Business Networking Association Inc. | Chicago IL Link: HOME | Nonviolence Chicago Link: Uptown United: Home Link: Rogers Park Builders Group Link: Northwest Side Building Coalition Link: Know Your Rights: Fair Notice Ordinance Link: Home - Drexel Properties LLC Link: Jeff Weinberg on LinkedIn Link: The Wilcox Company Link: Joseph J. Wilcox - Chicago, IL Real Estate Agent | realtor.com® Link: Neighborhood Building Owner's Alliance – A Voice for Chicago's Building Owners ----------------- Guest Questions Landlord tip of the week 2:25 Guest Intro 6:00 What neighborhoods are you focused on in Chicago? 7:50 Why Belmont Cragin 8:50 What’s different in Belmont Cragin since when you started in 2016? 10:45 What’s the housing stock like in Belmont Cragin? 12:45 What are tenant expectations on finishes in this area? 14:25 What’s your strategy in the Belmont Cragin area and what should a prospective investor be looking out for? 16:00 How do you do the financing on a place that is gradually renovated? 17:30 How do rental rates change as you move across the Belmont area? 19:15 What opportunities do you see in North Austin? 21:00 Can you walk us through the community groups you’re involved with? 28:40 What drove you to be so involved in the community? 33:20 Wrap Up Questions What’s your competitive advantage? 36:30 What is one piece of advice you’d give a new investor in Chicago? 37:08 What do you do for fun? 38:00 What’s a good self development activity you’d recommend? 38:15 Who would you recommend as a quality resource? 38:35 How can we learn more about you? 39:20 That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

With the right mindset, anything can be achieved. Shantanu Kamra is living proof, having moved to the US 8 years ago and Chicagoland just about 2 years ago, he’s been able to scale his portfolio in the western suburbs to over 40 units. In today’s episode he talks about househacking, BRRRR strategy execution, and scaling into larger buildings. He also gives advice on why coaching has worked for him while so many others do nothing with the information from a mentor. Shantanu breaks down certain suburbs like Bellwood, Franklin Park and Maywood and dives into the concept of pocket investing. Also, to get a free white paper on "Advantages of Private Lending for Multi-family Deals", email Shan at chicagoapartmentinvestor@gmail.com . His cellphone is: (847) 644-0262 . Like what you hear? Please take the 5 second to leave us a review. Listen in and share with a friend! Also, check out our Straight Up Chicago Investor Club at https://www.facebook.com/groups/3265227216848263 Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Sponsor: John Warren Guest: Shantanu Kamra of Homesmart Link: Chicago REIA Link: Lawyer Georgina Diaz - Berwyn, IL Attorney Link: Drew Stiegemeier | Loan Specialist ----------------- Guest Questions Landlord Tip of the Day 3:18 Guest Intro 5:30 When did you decide to get into real estate? 7:05 What was the backstory behind the first house hack? 8:00 How did you decide on Elmwood park for your househack? 9:15 What was the next step after the first house hack? 10:30 How did you allocate time to identify properties that had signs of distress? 14:50 How much time would you spend nurturing prospects after you’ve had your first conversation? 16:00 How did you finance your deals? 19:07 When did you get involved in the MFH that are larger than 4 units? 22:50 What are some experiences you learned from your first 6 unit building? 24:10 What are some of the things you like about Bellwood and Northlake? 26:30 How do you maintain discipline when looking at investments? 32:20 How do you run your numbers and get to your cashflow number? 35:00 Why did you get involved in coaching programs and why did you succeed when so many failed? 36:25 Wrap Up Questions What is your competitive advantage? 38:00 What is one piece of advice you’d give a new investor? 38:50 What do you do for fun? 40:45 What’s a good self development activity you’d recommend? 41:10 Who is one person in your local network you’d recommend as a resource? 41:46 How can we learn more about you? 42:20 ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

1 Episode 18: Top 10 Mistakes We See From Chicago Investors - with Brandon Moulton of Renovo Financial (Part 1) 42:30
You've heard their name tossed around on earlier episodes, and now we have Renovo Financial here to address some of the biggest mistakes they see when dealing with Chicagoland investors. Brandon Moulton is the Senior VP of Lending at Renovo Financial and has been featured on Crain's Chicago People on the Move. Brandon takes on Part 1 of the top ten mistakes Renovo sees in their day to day interactions with investors throughout Chicagoland. The best part of this episode? We discuss how each mistake is fixable and avoidable with the right proactive measures. If you found value in this episode, please leave us a comment and share us with someone in your circle! ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Brandon Moulton from Renovo Financial Link: http://toddduncan.com/ Link: https://www.tonyrobbins.com/ ----------------- Landlord tip of the week 1:30 Guest Questions Guest Intro: 3:50 Renovo's role with Chicago investors ? 4:45 Mistake #10. 6:30 Mistake #9. 10:20 Mistake #8. 14:40 What would you say to a new borrower who hasn’t done a deal yet but has a business plan? 17:15 Are there certain areas where you are unable to make loans on? 18:15 Mistake #7. 19:20 What are some ways Renovo helps to ensure that I’m not making a bad deal? 21:20 Mistake #6. 29:03 Wrap Up Questions What is your competitive advantage? 35:50 What is one piece of advice for a new investor? 37:30 What do you do for fun? 38:31 What is a good self development tool you would recommend? 39:13 Name one person in your local network you’d recommend as a resource? 40:05 How can we reach out to you? 41:05 That's our show, thanks so much for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

Local real estate and commercial litigator, Bibek Das, has spent the last 20+ years educating and protecting Chicagoland investors and landlords. In this episode, Bibek drops a ton of knowledge (and NUGGETS!) to ensure you are running your real estate business appropriately. This includes an overview of Chicago's Residential and Landlord Tenant Ordinance (RLTO) (and what to know if you are a househacker), how to properly maintain security deposits, the difference between investing in an LLC vs your personal name, the lengthy eviction process of eviction in Cook County and the appropriate steps you must take as an investor, and the best way to handle cash for keys situations. If you found value in our episode please take 10 seconds to provide a 5 star review and share with a friend who would also find value in this content. ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Bibek Das from Das Law Ltd. Residential Landlord and Tenant Ordinance: Residential Landlord and Tenant Ordinance Chicago Bar Association: The Chicago Bar Association: Home Bill Egan: Bill Egan - Vice President of Mortgage Lending Chicago, IL 60654 | Mortgage Loan Expert Bibek’s Email: Bdas@daslawltd.com ----------------- Landlord tip of the week 3:55 Guest Questions What are some pitfalls landlords get into in Chicago? 8:35 Can you talk about some of the rules of security deposits in Chicago? 11:50 What are the pros/cons of a LLC vs investing in your name? 19:45 What are necessary steps to take when eviction is needed? 31:00 What is “cash for keys?” 36:50 Wrap Up Questions What is your competitive advantage? 44:20 What is one piece of advice you have for a new investor in Chicago? 46:30 What do you do for fun? 48:27 What is a good self development product you recommend? 49:30 Name one person in your network you’d recommend as a resource? 50:27 How can we get in touch with you? 51:25 That's our show! Thank you so much for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

1 Episode 16: Northside Property Manager/Investor Breaks Down Types of Investors and Receivership Opportunities 41:54
After a successful career in corporate finance, Eric took his skillset (which he originally honed at THE University of Illinois) and transitioned full-time into real estate. Eric is a co-founder of 33 Realty, a vertically integrated company that has the ability to takes its clients through the entire lifecycle of a real estate investment. In this episode Eric discusses the Northside neighborhoods he invests in as well as other neighborhoods to keep an eye on it. Eric also breaks down receiverships, how he got involved with them with no prior knowledge, and how they might become relevant again. If you found value out of today's episode please share with a friend and leave a review! ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Eric Weber from the 33 Realty: Your Chicago Real Estate Agency Flanagan and Bilton Tax: Property Tax Consultants & Lawyers Sarnoff Tax: Sarnoff & Baccash: Property Tax Law in Chicago, IL Book: Can't Hurt Me: Master Your Mind and Defy the Odds CRE Mortgage Broker: Christopher Charboneau, Commercial Real Estate Banker ----------------- Landlord tip of the week 3:35 Guest Questions Guest Intro 5:08 How did you get into receiverships? 7:30 How much has your background in accounting and finance impacted your work? 12:30 Can you talk about areas where you are active with receiverships? 13:40 What were you looking for on the Northside? 14:50 How do you underwrite deals on the Northside given the price? 15:35 Do you think there’s opportunity still in the Northside neighborhoods? 19:50 What are some common mistakes you see new investors or out of state investor?21:20 How are you determining ARV on small Multi-family properties? 23:50 What are some good practices when looking for a construction company? 25:30 What neighborhoods do you see gentrifying? 30:50 Wrap Up Questions What is your competitive advantage? 35:07 What’s one piece of advice you’d give to someone? 36:55 What do you do for fun? 37:55 What is a good self development activity you would recommend? 38:45 Can you recommend a local network recommendation? 39:45 Contact info? 40:40 That's our show, thanks so much for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

1 Episode 15: From Househacking in North Center to $90M in Real Estate Holdings with John Casmon 55:39
John Casmon is a successful Chicago househacker turned syndicator and the founder of Casmon Capital Group. In addition, John hosts the Target Market Insights Podcast, heads up the Chicago Multifamily Club Meetup, and is the co-creator of the Midwest RE Networking Summit (coming up on 7/25-7/26). In this episode, John provides a wealth of knowledge, including his experience investing in Chicago, tangible steps on how to analyze market rents, and the benefits of passive and active investing. If you found today's episode useful, share it with a friend and leave us a rating and review! Don't forget, the Midwest Real Estate Networking Summit is right around the corner so don't miss your chance to sign up. ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: John Casmon from the Casmon Capital Meetup: Chicago Multifamily Club (Chicago, IL) Target Market Insights: Target Market Insights Podcast | Multifamily Tips | Marketing Tips Atomic Habits: Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones Mindset: Mindset: The New Psychology of Success: Dweck, Carol S.: 9780345472328 Brie Schmidt: http://www.secondcity-re.com/agent/brie/ Midwest Real Estate Networking Summit: http://www.midwestresummit.com/ ----------------- Landlord Tip 4:45 Guest Questions Can you give me a 101 of apartment syndication? 8:30 Can you go straight into syndication without starting smaller? 10:00 How did you get started? 13:10 What strategies outside of house hacking is Chicago great for? 15:10 What’s your opinion on flipping on the northside of Chicago? 22:30 How long has the Chicago Multifamily Meetup been going on? 25:30 Is there a common hurdle you see amongst new investors? 29:35 How did you overcome some of the issues with self management? 33:30 Wrap up questions What is your competitive advantage? 43:25 What is one piece of advice you’d give a new investor? 44:10 What do you do for fun? 45:15 What is a good self development product you’ve been using? 46:05 Who can you recommend in your local network as a resource? 48:40 That's our show! Thanks so much for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

One doesn't accomplish $600,000,000 in real estate transactions without thoroughly understanding the ins and outs of the business and which neighborhoods are primed for sound investments. Our guest today, Brian Kochendorfer, has a ton of nuggets to drop from his experience as a broker, passive investor, and managing member of Arc Equity Group, where he is a general and limited partner of $60M in real estate holding spread across 800+ units. Brian was born and raised in the Southwest Suburbs and provides tremendous local insights to popular areas such as Tinley Park and Oak Lawn - including the 95th ave corridor, what to look out for in the common 1960s-built properties, and to how to prepare for tax increases. We also take a deep dive into his recent South Shore acquisition and discuss what attracted him to this new deal outside of his typical geographical pocket. Brian's the founder of the Chicago Chapter of the MultiFamily Masters meetup which is a great event (and it's free!), so check please check it out. Have a listen and if you find value in today’s episode, hit that subscribe button and leave us that 5 STAR REVIEW. ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Brian Kochendorfer from the Essex Realty Group Arc Equity Group – Multifamily Real Estate Investment Professionals: https://arcequitygroup.com/ Multi Family Masters: https://multifamilymasters.com/ Meetup Link: MultiFamily Masters | Meetup Pro Network Recommendation: Doug Imber Rich Dad Poor Dad: Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! How to Win Friends and Influence People: https://www.amazon.com/How-Win-Friends-Influence-People/dp/0671027034 ----------------- Landlord tip. 4:30 Guest intro. 6:00 Guest Questions What are you currently focusing on? 6:40 What attracted you to your South Shore deal? 7:35 What’s the attraction of the south and southwest suburbs? 11:20 How has the area changed over your career and what’s driving development? 12:15 What are some common issues people should look out for in old houses? 14:00 What are nuances an investor should know about rental laws and expectations? 15:20 How did you jump from broker to investor? 18:40 How did you scale to 60MM? 20:45 How did you build partnerships when going into active investing? 22:50 What’s your process for raising capital? 24:30 Tell us about your multifamily networking group? 27:02 What should new investors know about MFH investing? 30:00 Wrap up questions What is your competitive advantage? 31:40 What is one piece of advice you’d give someone? 32:25 What do you do for fun? 32:53 What is a good self development activity you’d recommend? 33:20 Who is one person you'd recommend from your local network? 34:10 How can we learn more about you? 34:45 ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

1 Episode 13: Consistent and Disciplined Action to Arrive at 70 Units in Dupage County with Ben Walhood 42:15
There's a reason Ben Walhood has already been a featured guest on numerous high-profile podcasts, including Bigger Pockets, The Best Ever Real Estate Podcast with Joe Fairless, Target Market Insights with John Casmon, and has been interviewed by CNBC and The Chicago Tribune. Over the last decade, Ben has consistently grown his portfolio in Dupage County by expanding his network and buying the best property available to him at the given time. Like many investors, there were initial painful experiences, and we discuss how these experiences became the foundation for Ben's success, and eventually allowed him to leave his well-paying job as a neurosurgery sales rep. Ben's story is a great example of how to continually evolve your approach while remaining disciplined to long-term results. Take a listen as Ben provides granular advice on networking, adjusting your strategy, and of course, how to succeed in the different Suburbs of Dupage County. Ben is also the previous president of Chicago Area REIA, which is linked if you’re interested (check it out, for real). If you found this valuable, please subscribe to our channel for all our updates and find us on Facebook! ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Ben Walhood of Apex Landlord Services First National Bank of Brookfield: https://www.fnbb.com/ Chicago Area Real Estate Investment Association: https://www.careia.org/ Rich Dad Poor Dad: https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 ClickInvest: https://www.clickinvest.com/ ----------------- Landlord Tip 4:30 Guest Intro 6:20 Guest Questions Accounting for property value when comparing brick vs frame 3:14 What types of deals are you focusing on today? 7:25 How has DuPage County changed since 2012? 10:00 What was the acquisition strategy for bolingbrook? 11:40 When you’re relying on third parties for deal finding, how do you keep consistent? 14:18 Tell me about DuPage County and what you like about it? 16:55 What’s the housing stock like in the western suburbs? 19:50 How has your financing strategy evolved over time? 24:25 Are there any banks in the western suburbs that you’d recommend to investors? 26:10 What are some nuances between suburbs you invest in? 27:00 What turning point in your career gave you the confidence to go full time REI? 31:05 Where there any big mistakes you made early on in your career? 33:10 How did you get involved in the Chicago Area Real Estate Investment Association? 36:00 Wrap up questions What’s your competitive advantage? 38:00 Can you give one piece of advice to a new investor? 38:59 What do you do for fun? 39:45 What’s a good self development product you’re using? 40:00 Name one person in your local network you’d recommend to investors to utilize. 40:50 How can people learn more about you? 41:23 ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

With 20 years in the business, Joe Mueller got his start buying REO (bank owned) properties at auctions. From there, Joe networked extensively to develop a robust acquisitions strategy and eventually implement multiple streams of income. Most recently, Joe started a title company suited for investors who wanted to transact in off market property without a broker. Joe shares remarkably deep insights on how to successfully buy properties in the far northwest burbs, especially in McHenry and Kane County, and provides excellent advise that investors can use all over Chicagoland. If you find this podcast helpful, please leave us a review and share us with a friend! ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Joe Mueller of TANIS Group Realty Joe's Title Company: https://investorstitleservicesllc.com/ Tom’s Tax attorney: https://www.ksnlaw.com/timothy-c.-jacobs Mark’s Tax attorney: https://railapc.com/ Podcast Recommendation: Real Estate Disruptors on Apple Podcasts Book Recommendation: Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine Monthly Meetup: https://www.meetup.com/investor-empowerment-chicago/ Join the Wholesale List: http://www.reinvestsells.com ----------------- Landlord tip from Mark 2:50 Guest intro 5:00 Guest Questions Why does it take 2 hours at closing with the title company and how does your company address this? 9:10 Why should you have an attorney when you’re closing on a property? 12:00 What types of properties are you invested in? 13:40 What does an attractive deal look like to you? 15:55 How do you take rental license requirements and inspections into account when analyzing a property? 19:50 How are you using freedom of information act (FOIA) reports to your advantage? 23:15 Are there specific pockets where you’re finding more deals than others? 25:10 Do you have competition with the newer homes in the areas vs your renovated homes? 27:15 How does investing in Kane vs McHenry county differ? 28:20 How are you financing the acquisition of your properties? 30:15 Have there been any people who have come into your life over the past 20 years that have been true game changers? 35:00 What are your top priorities for right now and going forward? 38:12 What experiences from 2008 have you reflected on during the current Covid crisis? 40:15 Wrap up questions What’s your competitive advantage? 42:00 What is one piece of advice you’d give to someone? 43:40 What do you do for fun? 45:16 What’s a good self development activity you’d recommend? 45:55 Do you have someone you’d recommend in your local network as a quality resource? 47:40 How can you be reached? 48:15 Thanks for listening! Keep learning, stay hungry, and we'll see you next time. ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
Investor and property manager Jared Kott lives and breathes the Southeast neighborhoods of Chicago. After leaving corporate America in 2013, Jared enrolled in a property management class the following Monday to get his feet wet doing whatever takes. This experience was the springboard that lead to Jared owning over 100 properties, predominately in the Southeast. Jared gives detailed descriptions on several Southside neighborhoods and covers topics ranging from key differentiators in neighborhoods, to screening tenants, managing vacancies, and planning for the unexpected water bill. If you enjoyed our guest today, please subscribe and share us with a friend! ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jared Kott of Marblestone Property Group Chicago Housing Authority: https://www.thecha.org/landlords/property-rental-assistance-program Community Investment Corp.: http://www.cicchicago.com/ Cook County Land Bank: http://www.cookcountylandbank.org/ Podcast recommendation: https://andyfrisella.com/blogs/mfceo-project-podcast Book Recommendation: https://www.amazon.com/Rejection-Proof-Became-Invincible-Through/dp/080414138X Lending referral: https://www.renovofinancial.com/ ----------------- Landlord tip 2:07 Guest Introduction 3:50 Guest Questions How did you start buying properties on the south side? 7:00 Talk about how you get involved with your community. 10:15 What’s different about south chicago than other areas? 11:05 What percent of your portfolio is market rent vs CHA? 13:00 Does the cook county land bank still have opportunities for investors? 18:50 Tell us about the housing stock in your areas. 19:50 What are the taxes like in the Eastside? 24:10 Did you explore other areas while you scaled up? 25:20 What are the differences between underwriting SFH vs MFH? 29:45 What are some misconceptions you’ve noticed in managing properties on the south side? 33:50 Can you share a lesson you’ve learned along the way? 35:25 What are some internal checklist items you have for evaluating a deal? 36:20 Where are you finding most of your leads? 37:10 Wrap up questions What’s your competitive advantage? 38:00 What’s one piece of advice you have for someone who has yet to buy their first property? 38:10 What do you do for fun? 38:25 Any self development products you’d recommend? 38:53 Local network recommendation? 39:40 How can we reach you? 40:20 Thanks for listening! If you found this episode useful, leave us a comment and hit that like button, it helps us out tremendously! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

Chicagoland is an insanely competitive market, making constant deal flow one of the toughest challenges for investors across the city. As an investor, how successful would you be if you constantly had 80-100 off-market deals calling you each month asking you to make an offer? Through years of hard work, our guest, Blake McCreight, has created that exact infrastructure. Not only has Blake developed a constant funnel of deals, but he's doing so in a way where the prospects are inbound leads reaching out to him. Blake has built a scalable system that allows him to target specific areas around Chicagoland, and double-down on marketing efforts as necessary. If you're serious about lead acquisition, raising private capital, and growing your business in Chicagoland, you won't want to miss Blake's insights. And please make sure to share this episode with other investors looking to increase their deal flow. ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Blake McCreight of Express Property Solutions Village of Dolton permit site: https://vodolton.org/business-2/building-permits-inspections-license/ Deal Machine - Driving for Dollars app: https://dealmachine.com/ LendingHome: https://www.lendinghome.com/ Chicago Broker Recommendation: https://frankmontrohomes.com/ Extreme Ownership Book: https://www.amazon.com/Extreme-Ownership-U-S-Navy-SEALs/dp/1250067057 Profit First Book: https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4 Business Wars Podcast: https://wondery.com/shows/business-wars/ Blake's Cell - Text first: (847) 212-1029 Blake's network recommendation - Vince Incopero: https://www.reallawgroup.com/vincent-bio ----------------- Landlord tip 3:20 Guest Intro 5:15 Guest Questions What is your business focusing on today? 6:40 What’s step 1 for finding off market deals? 11:40 What areas do you like today? And have they changed over time? 14:10 What are some nuances of Dolton that someone needs to be aware of? 18:20 Why do you like the 100-200K property range? 21:15 At what point do you decide what strategy you use on a property? 23:20 Do you think it’s worth it for new investors to get their real estate license? 29:50 How do you raise money to execute your strategies? 31:05 Wrap up questions What is your competitive advantage? 3:12 One piece of advice for someone looking to buy their first property in Chicago? 39:14 What do you do for fun? 39:45 What’s a good self development tool you’ve been using? 40:00 Contact info? 42:10 One local network recommendation? 43:10 Thanks for listening! If you found this episode useful, leave us a comment and hit that like button, it helps us out tremendously! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
Price points can be appealing in the Western Suburbs, especially compared to each areas of the city. However, it's not as simple as looking at rental rates and population statistics; our guest today is uniquely qualified to shed light on all the pros and cons that come along with investing in the numerous Western Suburbs East of 294. John Warren is both an agent and investor and founder of the Chicago West Suburban Real Estate Investor Meet-Up. John knows each of these municipalities better than anyone else out there and explains that two adjacent suburbs can be an apples to oranges comparison if you don't dig deeper than the numbers on a spreadsheet. If you've been on Bigger Pockets forums, you've definitely seen the type of knowledge John doles out on a daily basis and know that he is the real deal. If this market has been on your radar, you'll be sure to want to hear this. Send this to a friend, and if you like what you hear, hit that subscribe button! ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: John Warren of Second City Real Estate RE Meetup: https://www.meetup.com/Chicago-West-Suburban-Real-Estate-Investors-Meetup/ Josh Jones - Loan Officer: https://www.loandepot.com/loan-officers/jmjones Podcast Recommendation: https://www.getricheducation.com/podcast/ Miracle Morning: https://www.amazon.com/Miracle-Morning-Not-So-Obvious-Guaranteed-Transform/dp/0979019710 ----------------- Guest intro 6:20 Landlord tip from Mark 2:50 Questions for John Warren: What areas are you spending the most time in? 6:55 What types of opportunities are you seeing in these markets? 8:55 What are the differences between Cicero and Berwyn? 10:25 Are Berwyn and Cicero predominantly city commuters or blue collar? 12:00 Tell me about the areas a little west of Berwyn, are those areas more desirable?16:30 Can you describe the Lyons and Stickney area for us? 20:10 How have these neighborhoods changed over time? 22:20 Can you break down the neighborhood just north of 290? 24:30 What are some key things you talk to someone out of state about when looking to invest? 27:40 What value have you gotten in the Chicago Western Suburbs RE group? 29:15 Has it been beneficial doing virtual meetups since the lockdown started? 30:40 You put a lot of effort into Bigger Pockets, what drives you to provide so much value to that community? 34:00 Wrap up questions: What is your competitive advantage? 36:15 What is one piece of advice you have for an early investor? 36:50 What do you do for fun? 37:25 Self development recommendation? 38:25 What is the miracle morning? 39:00 Network recommendation? 40:45 Thanks for listening! If you found this episode useful, leave us a comment and hit that like button, it helps us out tremendously! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

So many people working day jobs want to build wealth through real estate but don’t know how to get started. Ibn gives great advice on how to leverage the day job as a springboard to grow your real estate business. Ibn not only oversee his own rehabs and self-manage his tenants, but goes the extra mile to understand his community and create win-wins for everyone. And where there wasn't a meet-up for his specific area, he started the South East Chicago Real Estate Club! Ibn dishes out advice on how to find deals, source tradesmen for jobs, and assess risk. If you like what you heard, please hit the subscribe button and leave us a review! ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Ibn Abney of South East Chicago Real Estate Club Chicago Enterprise Zones: https://www.chicago.gov/city/en/depts/dcd/supp_info/enterprise_zone_program.html Enterprise Zone Map: https://data.cityofchicago.org/Community-Economic-Development/Boundaries-Enterprise-Zones/64xf-pyvh South East Chicago Real Estate Club: Facebook: https://www.facebook.com/pg/ChicagoBRRRRTeam/posts/ Book Recommendation - Atomic Habits: https://www.amazon.com/Atomic-Habits-Proven-Build-Break/dp/0735211299 ----------------- Landlording Tip 3:00 Guest Intro 5:10 Guest Questions How has the gentrification you saw in Brooklyn influenced how you invest in Chicago?6:20 What are areas you’re currently invested in that you see gentrification occurring? 7:40 What can a TIF district do to benefit you? 11:25 How has your background as a W-2 employee benefitted your real estate career? 13:20 How are you financing your investment properties since you do have a W-2? 14:50 What made you start investing in condos? 16:00 What kind of issues do you run into with HOAs, and how do you address it? 18:25 What processes do you have in place to do all this with a full time job? 20:45 How has the age of buildings influenced what you buy? 23:00 What’s different today from a few years ago? 31:25 Wrap up questions What’s your competitive advantage? 35:05 What’s a piece of advice you’d give someone looking to start? 35:40 What do you do for fun? 36:04 Can you recommend a self development product? 36:25 Local network recommendation? 37:30 How can people reach out? 38:10 Thanks for listening! If you found this episode useful, leave us a comment and hit that like button, it helps us out tremendously! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

Nothing kills a real estate investing career quicker than a horrendous rehab experience that spirals from the original budget and timeline. In this episode, Bryan Sonn gives golden advise on how to avoid this scenario and ultimately scale your construction process. Bryan has a skill for people that has earned him a consistent network of quality workers. This network, combined with his proven approach to streamlining the rehabilitation process has saved his investors a tremendous amount of money and frustration. Bryan shares some great stories, lessons learned, and wisdom for everyone looking to create value through rehabbing properties in need. His experiences in some of the tougher areas of the city have prepared him for anything and everything. Share Bryan's story with a friend, and if you liked what you hear, don't forget to subscribe and leave a review! ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Bryan Sonn of GC Realty & Development Never Lose Another Customer: https://www.amazon.com/Never-Lose-Customer-Again-Lifelong/dp/0735220034 Who moved My Cheese: https://www.amazon.com/Moved-Cheese-Spencer-Johnson-M-D/dp/0743582853 Contact Bryan: bryan@gcrealtyinc.com ----------------- Guest Intro 3:25 Guest Questions Where are the majority of the properties you’ve rehabbed over the years? 4:40 Why do you need a house sitter or security for your rehabs? 8:00 What did you do to find quality contractors, and how did you keep them working? 14:00 What advice would give to someone looking to build a team of contractors? 19:25 How did you finance the rehabs? 22:50 How does your mindset change from the first property to the 500th? 26:40 Why do you think it’s important that you control the rehab materials instead of contractors? 29:00 What’s the importance of partnerships in real estate investing? 34:40 What’s the oldest home you’ve ever rehabbed in Chicago? 36:42 Wrap up questions What advice would you give someone about to invest South Deering? 38:12 What’s your competitive advantage? 39:00 Any advice for new investors? 39:38 What do you do for fun? 40:35 Any self development product you’d recommend? 41:00 Who would you recommend in your local network? 42:00 Would you ever do another reality TV show? 42:32 How can people get a hold of you? 43:00 Thanks for listening! If you found this episode useful, leave us a comment and hit that like button, it helps us out tremendously! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

Have you considered investing in Lake County? Or minimizing vacancies with a 3yr rent-to-own lease? Our guest today, Bill Powers, has successfully done both of these actions to scale his business to 250+ rent to own properties in the last ten years. Listen to Bill lay out his strategies on how to find the perfect asset, screen each tenant, and assist tenants with lending programs, thus enabling him to keep his occupancy at 99%! Not to mention, Bill's short term rental listings were in hot water due to COVID-19; but Bill found a solution to quickly pivot and set himself up for success. If you find Bill helpful, reach out to him, hit the subscribe button and share us with a friend! ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Bill Powers of RTO Property "The Golden Rules:" https://www.amazon.com/Golden-Rules-Finding-World-Class-Excellence/dp/125005950X Retire Rich: https://www.amazon.com/Retire-Rich-Rentals-Ongoing-Forever-ebook/dp/B00P9KVE42 Landlord Assistance: https://www.securepayone.com/ Local Financing Options: First bank of highland park - https://www.firstbankhp.com / Northside community bank - https://www.nscombank.com/ Northshore trust and savings - https://www.northshoretrust.com/ Lake County Property Investors Association: http://www.lcpia.org/ ----------------- Guest intro. 3:00 Guest Questions How is your business different today vs when you first started. 4:40 How do you go about making rent to own part of your business? 6:35 Is there a type of SFH you’re looking to purchase? 8:10 What are some things you look for when screening tenants for rent to own? 9:00 What does the Waukegan investment market look like? 9:50 Are there pockets of Waukegan that you prefer over others, what do they look like? 11:50 What are the types of buildings you’re looking at in lake bluff?13:30 What are some rules of thumb when you’re estimating rehab costs and values? 15:00 Are you ever looking to get outside of Lake County? 18:15 What made you get into the Airbnb and STR market? 19:25 Tell us about the Lake County Property Investor association. 21:57 What did you take from your previous career that benefitted your RE career? 23:10 Wrap up questions What advice would you give someone from out of state? 24:15 What is your competitive advantage? 25:30 Do you have a local referral for someone in the area? 26:40 What do you do for fun? 27:25 Can you name a good self development tool you’ve used? 27:45 How can people find you and reach out to you? 28:50 Thanks for listening! If you found this episode useful, leave us a comment and hit that like button, it helps us out tremendously! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

If you've gone on the Bigger Pockets forums, you've probably seen the wealth of knowledge she shares with everyone, but today Brie Schmidt of Second City Real Estate is getting down to the Chicago specific details for you. Ever wonder why north center has had such a strong population decline while prices have skyrocketed? Or how you can house hack a property yourself? Brie tells it all for you without selling sunshine and rainbows, but her expertise keeps her clients coming back year after year. Not only that, Brie gives some insight into how she optimized her schedule from working 60+ hours a week to 20-30 max giving her more time to focus on her own life. You're not going to want to miss this. ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Brie Schmidt of Second City Real Estate Bigger Pockets: https://www.biggerpockets.com/users/chicagobrie Book rec: https://www.amazon.com/Super-Human-Bulletproof-Backward-Forever/dp/0062882821 Midwest Real Estate Summit: http://www.midwestresummit.com Book rec: https://w https://www.amazon.com/Getting-Things-Done-Stress-Free-Productivity/dp/0142000280 ww.amazon.com/Why-We-Sleep-Unlocking-Dreams/dp/1501144316 GC Realty Section 8 Blog: https://www.gcrealtyinc.com/blog/what-will-section-8-pay-for-rent-in-cook-county 2018 Payment Standards: https://thehacc.org/wp-content/uploads/2018/04/2018-Payment-Standard-7-01-2018-approved.pdf ----------------- Mark's tip on section 8 housing 1:27 Guest Bio 3:04 Guest Questions What are some assumptions, either correct or incorrect, about the Chicago Market? 3:39 What neighborhoods are you in and how have they changed over time? 8:30 Is there anything happening in Irving Park and Avondale? 10:17 What are some of the expectations you set with clients looking to househack? 13:45 When does a househack not make sense for a client? 19:50 How do you show properties with illegal garden units? 23:50 What should clients expect when working with you? 28:52 What caused you to start investing in Milwaukee? 33:55 Wrap up questions What is your personal advantage? 44:50 What is one piece of advice you'd give a novice? 45:40 What do you do for fun? 46:00 What is a good self development product you've used recently? 46:30 Local network recommendation? 47:40 Thanks for listening! If you found this episode useful, leave us a comment and hit that like button, it helps us out tremendously! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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Straight Up Chicago Investor

How can you use your skills from your day job to scale an investment portfolio to 450 units? Listen to our guest, Ron Plonis, explain how he used his computer science background to help him build systems and scale his own portfolio, then sold it off completely. His career has spanned nearly 15 years, and his experiences give insight into how things have changed from pre ‘08 to now. Things from raising capital, selecting areas to focus on, and how to determine the greatest point of value creation are all topics covered in this as Ron lays it all out for you. ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Ron Plonis of Kiser Group Reach out to Ron! Email: rplonis@kisergroup.com Cell: 312-286-8216 Book rec: https://www.amazon.com/Subtle-Art-Not-Giving-Counterintuitive-ebook/dp/B019MMUA8S ----------------- Landlord tip of the day 1:30 Guest intro 4:00 Questions for Ron Plonis: What made you get into SFH from working a 9-5? 8:30 Can you talk about raising capital? 13:30 Can you tell me about Glenwood? 15:50 How did you end up selling your whole portfolio? 17:50 How did you transition from SFH to MFH? 19:00 What is one thing that's surprised you since getting into REI? 21:25 How do you think the post COVID -19 rental environment will look? 23:19 Do you see a chance of Cap rates staying the same or contrasting? 27:30 What advice can you provide about MFH to an out of state investor? 29:40 What kind of systems does someone just getting started need to get in place?31:35 What advice would you give someone just starting out? 34:42 Wrap up questions: What's your competitive advantage? 38:40 What do you do for fun? 40:50 What's a good self development product you'd recommend? 41:15 Who would you recommend in your network as a quality resource to someone? 42:10 Thanks for listening! If you found this episode useful, leave us a comment and hit that like button, it helps us out tremendously! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.…
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