Episode 82: Flipping Houses in Chicago's Northwest Side
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Show Notes
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: [email protected]
Guest: Jennie Berger and Greg Kyler from Property People LLC
Sponsor: Cost Segregation Services Sponsor: Appeal.taxLink: 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: 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: [email protected] | Follow they on Instagram (@propertypeoplellc)
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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/.
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Production House: Flint Stone Media
Copyright of Straight Up Chicago Investor 2021.