Episode 8: Working a 9-5 While Building a Robust Real Estate Operation with Ibn Abney

May 29, 2020

39:28

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So many people working day jobs want to build wealth through real estate but don't know how to get started. Ibn gives great advice on how to leverage the day job as a springboard to grow your real estate business. Ibn not only oversee his own rehabs and self-manage his tenants, but goes the extra mile to understand his community and create win-wins for everyone. And where there wasn't a meet-up for his specific area, he started the South East Chicago Real Estate Club! Ibn dishes out advice on how to find deals, source tradesmen for jobs, and assess risk. If you like what you heard, please hit the subscribe button and leave us a review!

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Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Ibn Abney of South East Chicago Real Estate Club

Chicago Enterprise Zones: https://www.chicago.gov/city/en/depts/dcd/supp_info/enterprise_zone_program.html Enterprise Zone Map: https://data.cityofchicago.org/Community-Economic-Development/Boundaries-Enterprise-Zones/64xf-pyvh South East Chicago Real Estate Club: Facebook: https://www.facebook.com/pg/ChicagoBRRRRTeam/posts/ Book Recommendation - Atomic Habits: https://www.amazon.com/Atomic-Habits-Proven-Build-Break/dp/0735211299 ----------------- Landlording Tip 3:00

Guest Intro 5:10

Guest Questions

How has the gentrification you saw in Brooklyn influenced how you invest in Chicago?6:20

What are areas you're currently invested in that you see gentrification occurring? 7:40

What can a TIF district do to benefit you? 11:25

How has your background as a W-2 employee benefitted your real estate career? 13:20

How are you financing your investment properties since you do have a W-2? 14:50