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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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: [email protected] Guest: Jared Kott (Email: [email protected]) and Eric DeLeon (Email: [email protected]) 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.

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: [email protected] 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.

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: [email protected] 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: [email protected] 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.

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: [email protected] 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: [email protected] | [email protected] ----------------- 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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 [email protected]. 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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

"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: [email protected] 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.

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: [email protected] Sponsor: Smith REO Guest: Sean Morrissey of Chicago Realty Group LLC Link: Tony Angelos: BP Profile | Email: [email protected] | 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.

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: [email protected] 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: [email protected] 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 | [email protected] ----------------- 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.

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: [email protected] 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.

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: [email protected] Guest: Neal Bawa of Grocapitus Investments Link: Grocapitus Website | Opportunity Zones Link: Multifamily University | Free eBook: Location Magic | Join Our Investor Club Link: Tim Ferriss' Blog Link: Chris Jackson on LinkedIn ----------------- 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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: [email protected] ----------------- 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.

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: [email protected] 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: [email protected] ----------------- 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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: [email protected] ----------------- 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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: [email protected] 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.

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: [email protected] 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: [email protected] 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.

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: [email protected] 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.

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: [email protected] 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: [email protected] ----------------- 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.