Straight Up Chicago Investor

Latest Episodes:

Episode 94: CICs New Leader Takes Chicago Housing To New Level Oct 07, 2021

Show notes

The Community Investment Corp, or the CIC, has been a stalwart in Chicago since the 1970s and has reinvented the way owners can create affordable housing units for their communities. Stacie Young was just recently appointed the new President and CEO and she has lots of plans in the works. Today she comes to us to discuss the various ways investors can interact with the CIC, what the preservation compact is and how it is preserving affordable housing, how emergency rental assistance will unfold and whether or not it will be sticking around. Stacie also provides tremendous advice on how to get tax incentives from the city and so much more. If you like today's episode, share us with a friend and leave a 5 star review!

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Stacie Young of the Community Investment Corporation

Link: The Preservation Compact

Link: Illinois Emergency COVID-19 Rental Assistance Programs - chicookilrenthelp.org

Link: The Splendid and the Vile: A Saga of Churchill, Family, and Defiance During the Blitz

Sponsor: Pentwater Cabinetry Sponsor: Cost Segregation Services

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Guest Questions

What is affordable housing? 6:00

How do ADUs affect affordable housing? 7:20

What is the preservation compact? 11:15

Emergency rental assistance overview? 18:15

Tax incentive programs? 24:25

New neighborhood programs? 32:30

How can new investors get involved with CIC? 36:45

What's next for you? 39:00

Wrap Up Questions

Competitive advantage? 40:00

Advice for a new investor? 41:30

What do you do for fun? 42:00

How can we learn about you? 43:15

That's our show! Thank you so much and tune in next week!

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Production House: Flint Stone Media

Episode 93: Straight-Up Tuesday Tip 13 - Sharad Mehta Answers "How do I leverage processes and automation to scale my REI business?" Oct 05, 2021

Show notes

How do I leverage processes and automation to scale my REI business?

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Sharad Mehta of REsimpli

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Production House: Flint Stone Media

Episode 92: From Student/Tenant to 1,200 Units in Hyde Park Sep 30, 2021

Show notes

What's your unit goal? Is it 20...maybe 50? Well today's guest explains how his company amassed 1200 units solely in Hyde Park, (not including their north side portfolio). Nick Hollenkamp drops street-level advice on the different corridors of Hyde Park along with his ten year forecast for the neighborhood.

Nick provides great soundbits on why you should never fully give up on a deal, which pockets of Hyde Park present opportunities for smaller sized investors, the benefits of student housing, and why it's important to develop strategic relationships.

What a crazy good episode we have for you today, so if you learned something today, PLEASE LEAVE US A REVIEW and share us with a friend.

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Nick Hollenkamp of Pioneer Acquisitions LLC

Link: Pioneer Acquisitions: OVERVIEW

Link: Rogers Park Builders Group - Chicago

Link: Surrounded by Idiots: The Four Types of Human Behavior and How to Effectively Communicate with Each in Business (and in Life)

Link: Leaders Eat Last: Why Some Teams Pull Together and Others Don't

Link: Joe Smazal

Link: Six Stories of Rubble. A Million Stories Buried Underneath.

Sponsor: Pentwater Cabinetry Sponsor: Appeal.tax

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Guest Questions

Guest intro. 6:00

Hyde Park Introduction. 9:00

600 unit deal breakdown. 11:15

How can smaller players get into hyde park? 14:20

10 year forecast? 16:00

Finish level and rental rate? 20:15

Concerns around COVID and university housing? 26:45

Wrap Up Questions

Competitive advantage 34:30

Advice? 35:00

What do you do for fun? 36:00

Self Development? 37:00

Network recommendation? 37:30

How can we learn more about you? 38:00

That's our show, thanks so much for tuning in! See you next week.

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Production House: Flint Stone Media

Episode 91: It's Your Team That Will Make You Millions in Chicago - Brian Lignelli Knows From Experience Sep 23, 2021

Show notes

You cannot grow without adequate funding. When it comes to private funds, there are so many questions asked as a new investor. Brian Lignelli takes the time today to talk about how his company, Continuum Capital Funding can put it's partners in a position to scale and grow as well as how to prepare to work with them. He also hits on some of the various neighborhood associations he's a part of and how you too can get more involved in them. If you enjoyed today's episode, please give us a 5 star review and share it with a friend.

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Brian Lignelli of Continuum Capital Funding LLC

Link: Search Building Department Records

Link: Lincoln Park Builders

Link: NBOA Chicago

Link: Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork

Link: These Truths: A History of the United States

Link: Ryan Smith, Western Springs, IL Real Estate

Link: Jared Kott on LinkedIn

Link: Michael Abraham

Sponsor: Cost Segregation Services Sponsor: Appeal.tax

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Guest Questions

Guest intro 5:30

What was the market need for Continuum? 10:00

How has the creative financing industry changed? 20:00

What safeguards do investors have when using private money? 23:15

Getting involved in associations? 27:25

What to do at a networking event? 31:00

Wrap Up Questions

What is your competitive advantage? 36:00

One piece of advice for new investors? 37:00

What do you do for fun? 37:30

Self development? 38:15

Network recommendation? 39:09

How can we learn more about you? 40:10

That's our show! Thanks so much for tuning in!

If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/.

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Production House: Flint Stone Media

Episode 90: Straight-Up Tuesday Tip 12 - Eric Workman Answers "What factors go into determining commercial financing?" Sep 21, 2021

Show notes

What factors go into determining commercial financing?

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Eric Workman of Renovo Financial

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Production House: Flint Stone Media

Episode 89: My Tenants Stole My Car; The Chicago House Hack from Hell with Joey Pochinskas Sep 16, 2021

Show notes

In episode 85, David Geen said househacking is the Stephen Curry cheat code of real estate. Many folks agree and have leveraged this strategy to kick off successful REI careers. However, there are real risks that arise the moment you become a housing provider.

Today's guest, Joey Poshinskas, is an extremely resilient househacker who persevered through numerous obstacles to stabilize his building. Hear Joey's outrageous tenants horror stories, how he handled each situation, and how he ultimately learned from the process. Listen in on a great episode with Joey and find him on instagram at reijoey. If you enjoyed today's episode, take a quick moment to leave a review and share us with a friend.

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Joey Pochinskas | Instagram (@REIJoey)

Link: Vivid Vision: A Remarkable Tool For Aligning Your Business Around a Shared Vision of the Future

Sponsor: Prime Lending Sponsor: Appeal.tax

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Guest Questions

Intro 4:45

FHA 203K Loans? 12:30

Challenges with 203k loans? 17:30

Get deposits to verify income.23:40

10 months into the house hack, what now? 32:20

How have these issues impacted your view of real estate investing? 33:40

Wrap Up Questions

Competitive advantage? 37:15

Advice for new investors? 38:20

What do you do for fun? 38:45

Self development recommendations? 39:20

That's our show! Thanks so much for tuning in!

If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/.

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Production House: Flint Stone Media

Episode 88: You Can't Get Any More Chicago Than This - First-Generation American Sal Becovic and his 2,000 Rogers Park Units Sep 09, 2021

Show notes

Like many families in Chicago, Sal's family came from the old world and settled in a turbulent part of the city at a turbulent time. As he's now standing on the shoulders of what his parents initially organized, he's building it farther than ever expected. Sal's story is amazing, his advice is timely, and his passion is contagious. Listen to today's episode with Sal Becovic.

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Sal Becovic of Becovic

Link: The Economist - World News, Politics, Economics, Business & Finance

Link: Neighborhood Building Owner's Alliance – A Voice for Chicago's Building Owner's

Sponsor: Pentwater Cabinetry Sponsor: Essex Realty

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Guest Questions

How are you still finding deals? 7:30

What are the changes you've seen in Edgewater, Uptown and Rogers Park? 13:15

Pain Points? 23:00

Concerning headwinds? 33:30

NBOA and builders groups experiences? 36:20

Wrap Up Questions

What is your competitive advantage? 38:45

One piece of advice for new investors? 40:00

What do you do for fun? 40:25

Local network recommendation? 41:30

How can we learn more about you? 42:00

That's our show! Thanks so much for tuning in!

If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/.

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Production House: Flint Stone Media

Episode 87: Straight Up Tuesday Tip 11 - Eric Workman Answers "What steps can I take to maximize my appraisal?" Sep 07, 2021

Show notes

What steps can I take to maximize my appraisal?

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Eric Workman of Renovo Financial

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Production House: Flint Stone Media

Episode 86: Self Storage - No Toilets or Tenants - with Chicag Expert Fernando Angelucci Sep 02, 2021

Show notes

Fernando Angelucci has spent the last decade becoming one of the largest wholesalers in the Chicagoland area. Fernando successfully scaled his wholesaling business to a goliath and used the same skill sets and systems to establish and grow his self storage portfolio.

In today's episode, Fernando breaks down why he prefers self storage over multifamily investing, what you should be looking for in a self storage opportunity, how to find deals and the shiny future of self storage. Listen in on a tremendous episode and as always, share us with a friend and give us a five star review to help us grow even more.

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Fernando Angelucci of Titan Wealth Group

Link: Fernando Angelucci - Senior Managing Partner - Impact Self Storage

Link: Feasibility Study Definition: How Does It Work?

Link: What It Takes: Lessons in the Pursuit of Excellence

Link: Am I Being Too Subtle?: Straight Talk From a Business Rebel

Link: Principles by Ray Dalio

Link: About Us

Link: https://www.linkedin.com/in/hisarahaustin/

Link: IMPACT Self Storage

Sponsor: Prime Lending (Perry Farella) Sponsor: Essex Realty

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Guest Questions

Guest Intro 5:55

Wholesaling explanation 6:50

Is direct marketing still viable? 9:20

How do you target a demographic? 12:00

If you started tomorrow, what would you do differently? 17:00

How did you get started in self storage? 19:25

What makes a good deal? 23:25

What is the typical client for self storage? 29:00

What direction is the industry heading? 32:45

How do deals fall apart? 35:30

How do you handle non payments? 40:00

What are your plans for the next 5 years? 44:00

Wrap Up Questions

What is your competitive advantage? 50:00

One piece of advice for a new storage investor? 51:50

What do you do for fun? 52:40

Self development activity? 53:45

Valuable network resource? 54:45

How can we learn more about you? 55:30

That's our show! Thanks for tuning in!

If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/.

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Production House: Flint Stone Media

Episode 85: Bigger Pockets Host and Expert Investor David Greene Visits Straight Up Chicago Investor Aug 26, 2021

Show notes

Nationally-recognized real estate rockstar David Greene of Bigger Pockets and Keller Williams holds nothing back! David provides his thoughts on the BRRRR strategy and dissuades the myths around equity as a cushion. David also covers the buyer/investor relationship, houssehacking as a cheat code, and why you need to start pushing over dominos to build your empire. Please enjoy today's episode and if you like what you hear, leave us a review and share us with a friend.

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: David Greene of Keller Williams

Link: David Greene Team Mastermind

Link: David Greene Real Estate | Keller Williams East County

Link: Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal

Link: So Good They Can't Ignore You: Why Skills Trump Passion in the Quest for Work You Love

Link: Extreme Ownership: How U.S. Navy SEALs Lead and Win

Link: David Greene Real Estate

Sponsor: Prime Lending (Perry Farella) Sponsor: Cost Segregation Services

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Guest Questions