Straight Up Chicago Investor Straight Up Chicago Investor

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.

What are tangible property regulations and how can investors leverage this IRS code to pay less in taxes?
Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest: Brenten Blakeman, Tangible Property Tax Methods
Link: Build Your Team | Straight Up Chicago Investor Podcast
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Production House: Flint Stone Media
Copyright of Straight Up Chicago Investor 2024.

Moses Hall is a top producing commercial real estate broker and leads a brokerage that serves investors, landlords, and tenants.
Moses discusses his start in real estate, taking the plunge to start his own business, and the challenges that came with that. He dives into his geographical areas of focus in Chicago and his investment strategy. Moses sheds light on the Chicago Association of Realtors (CAR), his leadership position on the board, and the value that CAR brings to all its members. Moses closes with a bullish outlook on Chicago emphasizing why we are and will continue to be a world class city!
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: Moses Hall, MoHall Commercial & Urban Development

Link: Kevin Rocio (Network Recommendation)
Link: Moses' LinkedIn
Link: SUCI Build Your Team
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Guest Questions

02:00 Housing Provider Tip - Make yourself visible for CHA and City Inspections!
04:00 Intro to our guest, Moses Hall!
10:10 Biggest unforeseen challenge when starting a business!
11:49 Drama with Tiffany Henyard.
13:53 Moses’ areas of focus.
16:16 Chicago Association of Realtors (CAR) and their mission!
23:39 Benefits of being a CAR member.
25:43 How is CAR working with NAR on the recent settlement?
37:27 Other areas of focus for CAR!
40:47 Efforts to make adding affordable housing easier.
41:55 Moses’ outlook on Chicago.
43:33 What is your competitive advantage?
44:07 One piece of advice for new investors.
44:38 What do you do for fun?
44:55 Good book, podcast, or self development activity that you would recommend? 
45:26 Local Network Recommendation.
49:59 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.

Brian Tibbs is an investor and best-selling author who teaches others how to thrive financially!
Brian starts by sharing how he hit the ground running by house hacking multiple properties and scaling up to 10-units before the age of 30! He explains how he saved money for down payments and the setbacks he experienced during his early REI days. Brian explains “The HACKER Method” - a wealth-building system to “hack” your lifestyle to grow great wealth. He breaks down each part of the system and reveals the practical steps to save more, invest more, and build wealth. Throughout the show, Brian emphasizes the importance of strategically budgeting and investing for anyone looking to thrive financially!
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: Brian Tibbs of The Unexpected Investor

Link: The Unexpected Investor Calculators
Link: All-In Podcast
Link: The 21 Irrefutable Laws of Leadership
Link: Brandon Turner Instagram
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Guest Questions

03:11 Housing Provider Tip - Understand HOA rules if you’re considering changing flooring!
05:15 Intro to our guest, Brian Tibbs!
11:24 Brian’s RE acquisitions following his first duplex.
16:21 Early setbacks that Brian experienced!
19:07 Intro to The HACKER Method!
29:50 The power of compounding money.
41:00 How to scale responsibly.
43:55 Jumping into short-term rentals.
49:45 How anyone can apply the HACKER method!
54:16 Passing on good financial habits to your children.
57:33 What is your competitive advantage?
58:19 One piece of advice for new investors.
59:08 What do you do for fun?
59:37 Good book, podcast, or self development activity that you would recommend?
60:56 Local Network Recommendation?
61:56 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.