CW 485 – Local Market Specialist John and Jason Hartman – Real Estate Investing in Chicago Illinois
03/05/15 • 47 min
In Jason's Creating Wealth introduction, he answers a listener question as well as shares an important tip to listeners who are currently experiencing vacancy issues or property manager issues. On the show itself, Jason invites local Chicago market specialist John to the show. John addresses Chicago's crime rate issue, the land lord unfriendliness, his company's screening process for tenants, and a lot more on today's episode.
Key Takeaways:
2:00 – Jason's new Longevity and Bio-hacking show is doing great on iTunes.
4:40 – Jason plays a listener question on the show and he answers his questions.
11:10 – You can own a much larger portfolio when you use leverage right versus the free and clear way.
15:20 – Jason shares an important real estate tip for those who are having vacancy issues.
18:30 – Jason introduces John.
25:30 – Crime in Chicago suburbs consists of petty thief and vandalism.
30:50 – John's company will redevelop a distressed house and bring it up to current construction code.
34:50 – John looks for A residences and address the topic of Chicago state being more tenant friendly.
38:10 – Out of 1,600 homes that John's company manages, less than 2% of those go through the eviction process.
42:50 – John breaks down some of the specials and offers his company gives to their clients.
Mentioned In This Episode:
JasonHartman.com
In Jason's Creating Wealth introduction, he answers a listener question as well as shares an important tip to listeners who are currently experiencing vacancy issues or property manager issues. On the show itself, Jason invites local Chicago market specialist John to the show. John addresses Chicago's crime rate issue, the land lord unfriendliness, his company's screening process for tenants, and a lot more on today's episode.
Key Takeaways:
2:00 – Jason's new Longevity and Bio-hacking show is doing great on iTunes.
4:40 – Jason plays a listener question on the show and he answers his questions.
11:10 – You can own a much larger portfolio when you use leverage right versus the free and clear way.
15:20 – Jason shares an important real estate tip for those who are having vacancy issues.
18:30 – Jason introduces John.
25:30 – Crime in Chicago suburbs consists of petty thief and vandalism.
30:50 – John's company will redevelop a distressed house and bring it up to current construction code.
34:50 – John looks for A residences and address the topic of Chicago state being more tenant friendly.
38:10 – Out of 1,600 homes that John's company manages, less than 2% of those go through the eviction process.
42:50 – John breaks down some of the specials and offers his company gives to their clients.
Mentioned In This Episode:
JasonHartman.com
Previous Episode
CW 484 – Jason Hartman – Why Real Estate is Still A Better Option Than Stocks & A Real Estate Market Overview of Chicago Illinois
Jason Hartman invites Randy on to the show to talk about mortgage financing and lending. In the show, Jason talks about having a Chicago market specialist be the guest for today's episode to talk about what's happening in the Chicago real estate market, but listeners can expect to hear from that guest on Wednesday's Creating Wealth show instead. Jason and Randy sit down to talk about the real estate market, the differences between FirstKey and B2R, and a lot more on this exciting Creating Wealth episode.
Key Takeaways:
3:20 – Randy talks about FirstKey and B2R and some of their benefits versus Fanny Mae/Freddie Mac.
10:10 – Randy compares a FirstKey/B2R type loan to a Fanny Mae/Freddie Mac loan.
15:00 – What about the underwriting?
19:00 – Indianapolis ranks number one for the best convention city.
26:00 – Randy shares his thoughts on Douglas Andrew's strategy.
33:30 – Most people don't understand the value of leverage.
36:10 – Nothing in this world is truly passive income. You always have to work for your money.
40:45 – What happened to the day trader?
42:00 – Look forward to next Wednesday's episode with the Chicago market specialist.
Mentioned In This Episode:
Missed Fortune by Douglas Andrew
Missed Fortune 101 by Douglas Andrew
Irrational Exuberance 1&2 by Robert Shiller
Next Episode
CW 486 FBF – Inflationary Pressures on Food Prices & Getting Paid To Borrow with Jason Hartman
Jason reveals how you can actually profit from prudent borrowing. Then Jason and Ben, a local businessman and caterer, discuss inflation and rising food prices.
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