Straight Up Chicago Investor Episode 58: Multi Family Investing in Chicago's Northwest Side with Gloria Weikert
One of the most important allies to an investor is the broker they work with. Gloria Weikert runs the X-Plus team and has a specialty in helping clients buy investment properties. In today's episode, Gloria gives some insight on what it takes to win deals in a competitive market that go past just offering more money; breakdowns of different neighborhoods; tenant and rental profiles in varying neighborhoods as well as plenty more. Listen in and if you liked what you heard, or learned something today, give us a 5-star review and share us with a friend.
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Email the Show: StraightUpChicagoInvestor@gmail.com
Guest: Gloria Wiekert of X-Plus Realty
Sponsor: Chicago REIA Sponsor: Appeal.tax Link: Sam Sharp Link: Tannehill Law LLC-----------------
Guest Questions
Strategies to win deals in a competitive market.
What does the market look like in the north Chicago neighborhoods? 5:45
Who are going to be the sellers in this market? 8:25
Are you able to find two units on the northside that make sense? 9:40
How do you handle clients who come and want to see a two flat with a non conforming unit? 11:20
Overview of the Avondale area? 13:30
Rental Expectations in Avondale? 16:15
Tenant profile on the west end of Avondale? 17:15
Escalation Rider explanation. 22:20
How do the rents change as you move south from Avondale? 27:45
Where are some people looking that are up and coming? 32:30
How do you see the future of the Loop? 35:50
What expectations do you give new buyers? 37:30
What is your competitive advantage? 39:30
Advice for new investors? 40:10
Wrap Up Questions
What do you do for fun? 40:30
Self Development recommendation? 41:30
Local network recommendation? 42:10
How can we learn more about you? 42:55
That's our show! Thanks so much for listening. Tune in next week.
If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/.
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Production House: Flint Stone Media
Copyright of Straight Up Chicago Investor 2021.