Episode 82: Flipping Houses in Chicago’s Northwest Side

Knowing a couple neighborhoods intimately is better than a hundred superficially. That’s exactly what the Property People did in Chicago’s northwest neighborhood. It’s how they know how deep they can dig a basement out and how much value they’ll add. What certain features are expected and what can they pass on? Greg and Jenny are a rockstar duo that have grown tremendously and have even more ambition for the future. If you learned something, 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: Jennie Berger and Greg Kyler from Property People LLC Sponsor: Cost Segregation Services   Sponsor: Appeal.tax Link: FortuneBuilders: Real Estate Investment Coaching Programs Link: Never Split the Difference: Negotiating As If Your Life Depended On It Link: Think Like a Monk | Jay Shetty Link: Nonviolent Communication: A Language of Life: Life-Changing Tools for Healthy Relationships (Nonviolent Communication Guides) Link: Rich Dad Poor Dad: The #1 Best-Selling Personal Finance Book Ever Link: Chicago Real Estate Attorney | Justin C. Strane — Chicago Real Estate Attorneys Link: [email protected] | Follow they on Instagram (@propertypeoplellc) ----------------- Guest Questions Tip of the week 3:00 Guest Intro 5:00 How did you decide on your location and investing style? 8:40 What is Norwood Park like demographically? 10:30 How much difference in ARV does a full second story account for? 13:00 Basement evaluation and rehab costs. 14:20 What other areas do you cover? 16:20 How do new construction projects work? 17:00 What is the PLN? 20:50 What are some red flags for inspections? 25:00 What is Kilbourne Park like demographically? 26:00 Things to consider for comparing ARVs? 29:15 Buyer expectations in rehabbed houses? 30:00 How did you decide to join fortune builders? 32:45 Has their network benefitted you? 34:30 Wrap Up Questions What is your competitive advantage? 38:20 One piece of advice for a new investor? 40:30 What do you do for fun? 42:15 Self development recommendation? 42:45 Local network recommendation? 44:30 That’s our show! Thanks so much for tuning in this 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.