Straight Up Chicago Investor

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] Guest: Myk Snider of Sphere Public Relations ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.

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: [email protected] 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.

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: [email protected] 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: [email protected] ----------------- 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: [email protected] Guest: Bibek Das of Das Law ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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

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: [email protected] 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.

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: [email protected] 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: [email protected] Guest: Vince Sliwa, A-Windy City Garage Corporation ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] Guest: Josh Steigelmann, State Farm Insurance Link: Investor Stories Featuring Sean Morrisey ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] Guest: Megyn Christensen, Forewarn ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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: [email protected] Guest: Bolanle Ogunmakin, Quality Builders Link: Straight Up Chicago Investor Episode 76 ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.

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: [email protected] 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.

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: [email protected] 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: [email protected] Guest: James Galvin, Chicago Lawn To Garden ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] Guest: Derek Kaptanoglu, Essex ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.

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: [email protected] 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.

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: [email protected] 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.

What are lenders taking a harder look at in this market? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: [email protected] Guest: Eric Workman, Renovo Financial ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.

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: [email protected] 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.

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: [email protected] 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.

How does the recent rate hikes affect investors' ability to borrow moving forward? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: [email protected] Guest: Eric Workman, Renovo Financial ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] Guest: Perry Farella, Prime Lending | SUCI Episode 67 ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.

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: [email protected] 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.

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: [email protected] 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: [email protected] Guest: Josh Steigelmann, State Farm Insurance ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] Guest: Perry Farella of Prime Lending Link: https://perryfarella.com/blog/ ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.

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: [email protected] 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.

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: [email protected] 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.

What is builder's risk insurance and as an investor why do I need to be aware of builder's risk insurance? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: [email protected] Guest: Josh Steigelmann, State Farm Insurance ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.

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: [email protected] 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.