Episode 165: From Chicago Househacker, to Out of State Investor, to Leaving Her W2 Job with Kory Dieter

Kory Dieter is a Chicago-based is a house hacker and professional out of state investor with a portfolio mix that includes SFRs and small multi-families across 5 markets. In today’s episode Kory shares with us how she started her real estate journey with a house hack in Andersonville to how she was able to leave behind her W2 job. Along the way she’s dabbled in a variety of investing strategies, including house hacking, medium term rentals, BRRRR, and 1031 exchanges, with no signs of stopping now! This episode is full of nuggets on deal acquisition and things to keep in mind when looking for your next investment, whether it’s in Chicago or a different market! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: [email protected] Guest: Kory Dieter Link: http://www.naiopchicago.org/ Link: https://www.gcrealtyinc.com/brrrr-investment-strategy-must-knows Link: https://www.gcrealtyinc.com/blog/house-hacking-101-in-chicago Link: https://www.straightupchicagoinvestor.com/house-hacking-calculator Link: https://www.straightupchicagoinvestor.com/podcast/episode-43-househacking-scaling-and-large-multifamily-deals-with-one-of-chicagos-best-power-couples Sponsors: State Farm and Appeal.tax ----------------- Guest Questions 03:30 House Provider Tip: Be Ready To Address Issues When Tenants First Move In 05:40 Intro to our guest, Kory Dieter! 06:45 Starting with a househack in Andersonville 12:15 The importance of knowing the neighborhood 21:15 Out of State Real Estate Investors Must Have Mindset 25:50 Pro Forma Vs Actual Is Usually Different in Real Estate Investing 27:57 Scaling As A House Hacker 30:58 How To Prepare Your Portfolio For the Future 34:01 Challenges Faced Transitioning From a W2 To Self Employed Real Estate Investor Wrap Up Questions 42:39 What is Kory’s competitive advantage?  43:15 One piece of advice for new investors. 53:25 What do you do for fun? 43:42 Good book, podcast, or self development activity that you would recommend?  45:02 Local Network Recommendation? 45:53 How can the listeners learn more about you and provide value to you? That’s our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.