Welcome to the only podcast that specifically focuses on Real Estate investing in and around Chicago. Are you ready to become a Straight Up Chicago Investor? In our podcast, we'll share information on our winning strategies, success stories, and the obstacles we've had to overcome along the way. We will also discuss what has and hasn't worked in the market as well as best practices and pitfalls to avoid. You ready?
If i own a property in this area, then I would raise rents every time the period resets because it increases rents and gets tenants out of the building.
I have never had interest in investing money into multiple properties. I'm just concerned about buying one property and not have a deed theft take place on it by some adverse party who hates me for personal reasons. I want to make sure that I am diligent at keeping the home clean and neat and all permits for renovations are done correctly when they occur. Keeping a house is a full time job and I don't envy women who are housewives who are in charge of the cleaning and bookkeeping of their property. Its just keeping squatters and adverse parties from deed theft that worries me a great deal, which isn't healthy for the mind or the body. Makes me wonder if renting is an only option from deed theft from happening. I want to own a house so badly.
So, basically sellers will vacate their buildings before a sale and/or go month to month rentals to make sale easier. Meantime, rents might go up to cover these new expenses...
Phase 1 - Assessment: Learn the Tenant's Assessment Metics Phase 2 - Admit: Signing the Lease Phase 3 - Affirm: Helping the Tenant through Buyer’s Remorse Phase 4 - Activate: Move in Date Phase 5 - Acclimation: 2nd Day After Move-in Phase 6 - Accomplishment: Tenant Achieves the Goal They Wanted to Accomplish by Moving Here Phase 7 - Adopt: Tenant Fully Adopts the Relationship Phase 8 - Advocate: Tenant Becomes a Raving Fan
Yup, conventional requires 6 months reserves and FHA reserves depends on the borrower. With rates getting better it’s gotten slightly easier to buy 3-4 units with FHA but still it can kill a lot of deals. If you do the research up front it will alleviate that. I’m working on a tool that will help investors compare when looking at multi units
Appreciate the detailed breakdown! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?
That thief did all that work. Going to renters. Getting notary done. Strategizing and coming out with tactics. Man can you imagine if he put that energy into running a business or creating something value, he'd be rich anyways.
So true! All my clients started seeing increased rates post COVID. Great stuff though, I didn’t know about the storm chasers thing. PS - yell louder in the beginning I couldn’t hear 😂
I loved these ideas for the underrated neighborhoods, Chicago has so many areas that people commonly overlook. For example many are looking to Wicker Park, Logan Square, or even Ukrainian Village for investments. Great stuff guys, got a sub and like from me!
With all due respect, I don't think "real estate agent" as we know it today, will be around in 10 years if at all. Thanks for sharing your story. I will be buying the book.
This is why voting for Property Rights, and for Politicians who support property rights, and are hard on criminals is important. You can't vote against yourself. #California
He seems so passionate about what he’s building for an industry (property management) that is definitely behind in the technology side of things. Following….
looking for no income loan... selling a home in LA doing a 1031 buying 3 duplex in Ga 85% down but i am short about 145k buyer a Trust i am the trustee just to over this trust months ago listed property in L.A now selling
Wild! No different than over seas funds buying companies that are real estate rich, selling off the real estate, renting it back out to the company that sold it to their new real estate holding company, then use that new self created cash flow to leverage up the company, using it as a piggy bank until it collapses. File bankruptcy losing debt since the real estate was previously sold off. Jobs lost. Organization destroyed.
