Straight Up Chicago Investor Podcast celebrates its 300th Episode! To celebrate the huge milestone, Mark and Tom answer questions from guests on all things Chicago REI!

If you enjoy all the value the SUCI podcast brings, please leave us a review and share with someone who may also find value in this content!

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guests: Mark Ainley and Tom Shallcross, Straight Up Chicago Investor

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Guest Questions

03:55 How to maximize rent in a hot market?

08:00 Biggest wins and losses in REI!

18:19 Changing REI strategies to promote progression!

21:00 BRRRR’ing single family homes vs multifamily rentals.

24:03 Advice letter from your 20-year old self!

26:16 Brick vs Frame Buildings.

31:15 Pros and Cons of CHA Tenants.

35:12 Chicago’s new “Express Permit”.

37:56 Best property management softwares.

39:55 Is rental arbitrage worth it?

42:45 Build-to-Rent in Chicago!

45:07 Managing security deposits.

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Production House: Flint Stone Media

Copyright of Straight Up Chicago Investor 2024.

David Lecko is an investor and CEO of DealMachine; a software that helps investors streamline the process of off-market property lead generation!

David starts by discussing the genesis of DealMachine He does a deep dive on the 25 motivated seller lists that can be found on DealMachine or other applications. He emphasizes the importance of being persistent and putting in the reps as off-market lead generation is a numbers game. David closes with great tips on the importance of taking action and building a network to set yourself up for success!

If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content!

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: David Lecko, DealMachine

Link: David’s Instagram

Link: The DealMachine REI Podcast

Link: My First Million Podcast

Link: Nick Gray (Network Recommendation)

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Guest Questions

01:39 Housing Provider Tip - Perform a usability check during your turnovers to ensure everything is functioning appropriately!

02:34 Intro to our guest, David Lecko.

06:14 The Genesis of DealMachine.

10:04 DealMachine’s Lists!

30:16 How new investors can start utilizing the lists.

33:02 Scripts for sellers and call-back expectations.

36:50 What is your competitive advantage?

37:13 One piece of advice for new investors.

38:07 What do you do for fun?

38:29 Good book, podcast, or self development activity that you would recommend?

38:54 Local Network Recommendation?

40:20 How can the listeners learn more about you and provide value to you?

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Production House: Flint Stone Media

Copyright of Straight Up Chicago Investor 2024.

Larry Baszynski and Scott Hodgden of Finance of America Commercial are seasoned lenders who have helped their investor clients build tremendous real estate portfolios and wealth.

Larry and Scott discuss the products that their company offers including Fix and Flip loans, Construction Loans, and Long-Term loans for stabilized properties. They share common pitfalls and root causes of failed renovation projects. The duo explains how hard money loans are underwritten and what a borrower needs to know to set themselves up for a successful loan! This show is full of golden nuggets with emphasis on the importance of building your team and buying your next investment property sooner!

If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content!

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Larry Baszynski and Scott Hodgden, Finance of America Commercial

Link: The Success System That Never Fails (Book Recommendation)

Link: SUCI Ep 79 - Gary Davidson

Link: SUCI Ep 50 - Andrew Holmes

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Guest Questions

02:57 Housing Provider Tip - Ensure windows are properly caulked to prevent leaks!

04:34 Intro to our guest, Larry and Scott!

13:41 FOA Commercials' transition after being bought out.

15:06 FOA Commercials’ products.

18:57 DSCR loans for stabilized properties.

25:44 Common causes of failed investments!

29:03 How interest rates are impacting lending!

35:25 Where are hard money funds sourced from?

36:49 Taking back a property on a failed project.

40:53 How aggressive can FOA Commercial get?

44:18 What happens if interest rates hit 10%?

46:02 What is your competitive advantage?

46:43 One piece of advice for new investors.

47:57 What do you do for fun?

48:23 Good book, podcast, or self development activity that you would recommend?

49:33 Local Network Recommendation?

51:00 How can the listeners learn more about you and provide value to you?

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Production House: Flint Stone Media

Copyright of Straight Up Chicago Investor 2024.