Episode 314: Due Diligence for Off-Market Properties Like You’ve Never Seen with Morgan Basham
08/08/24 • 43 min
Morgan Basham is a real estate broker and investor with vast experience in off-market prospecting, acquisitions, and stabilization of investment properties!
Morgan shares her start in real estate and the ins and outs of investing in Braidwood, IL! She breaks down her first deal in Chicago; an impressive story of tremendous due diligence as part of the acquisition of an auction property! Morgan, Mark, and Tom discuss the mindset required to take the leap of faith and dive into real estate full-time. Morgan closes with golden nuggets on frugality hacks to save for your next investment and improve finances in general!
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: [email protected]
Guest: Morgan Basham, Kale Realty
Link: Morgan's Instagram
Link: SUCI Ep 188 - Forewarn
Link: Zach Karp (Lender Referral)
Link: The Four Agreements (Book Recommendation)
Guest Questions
01:59 Housing Provider Tip - Take final walkthroughs seriously and know what to look for.
03:53 Intro to our guest, Morgan Basham!
10:48 Morgan’s start in real estate!
13:31 Insights on Braidwood, IL.
17:55 Morgan’s first deal / auction story in Chicago!
28:00 Mindset for quitting the W2 and pursuing an entrepreneurial route!
31:31 What’s next in Morgan’s investing journey?
33:05 Hacks to be frugal and save money.
35:15 Outlook on Chicago.
37:14 What is your competitive advantage?
38:26 One piece of advice for new investors.
39:00 What do you do for fun?
39:17 Good book, podcast, or self development activity that you would recommend?
40:11 Local Network Recommendation?
40:27 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.
Morgan Basham is a real estate broker and investor with vast experience in off-market prospecting, acquisitions, and stabilization of investment properties!
Morgan shares her start in real estate and the ins and outs of investing in Braidwood, IL! She breaks down her first deal in Chicago; an impressive story of tremendous due diligence as part of the acquisition of an auction property! Morgan, Mark, and Tom discuss the mindset required to take the leap of faith and dive into real estate full-time. Morgan closes with golden nuggets on frugality hacks to save for your next investment and improve finances in general!
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: [email protected]
Guest: Morgan Basham, Kale Realty
Link: Morgan's Instagram
Link: SUCI Ep 188 - Forewarn
Link: Zach Karp (Lender Referral)
Link: The Four Agreements (Book Recommendation)
Guest Questions
01:59 Housing Provider Tip - Take final walkthroughs seriously and know what to look for.
03:53 Intro to our guest, Morgan Basham!
10:48 Morgan’s start in real estate!
13:31 Insights on Braidwood, IL.
17:55 Morgan’s first deal / auction story in Chicago!
28:00 Mindset for quitting the W2 and pursuing an entrepreneurial route!
31:31 What’s next in Morgan’s investing journey?
33:05 Hacks to be frugal and save money.
35:15 Outlook on Chicago.
37:14 What is your competitive advantage?
38:26 One piece of advice for new investors.
39:00 What do you do for fun?
39:17 Good book, podcast, or self development activity that you would recommend?
40:11 Local Network Recommendation?
40:27 How can the listeners learn more about you and provide value to you?
-----------------
Production House: Flint Stone Media
Copyright of Straight Up Chicago Investor 2024.
Previous Episode
Episode 313: Why Are Insurance Rates So High Right Now and What Can Investors Do to Minimize Premiums?
Why are insurance rates so high right now?
Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: [email protected]
Guests: Josh Steigelmann, State Farm Insurance
Link: Investor Stories Featuring Sean Morrissey
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Production House: Flint Stone Media
Copyright of Straight Up Chicago Investor 2024.
Next Episode
Episode 315: Streeterville High-Rise Developments and Top Tier Leasing Tips with Domu Founder Noah Schatz
Noah Schatz is the founder of Domu and CEO of Schatz Development. He has vast experience in design-driven developments in downtown Chicago and leasing apartments for operators through his apartment searching platform Domu.
Noah kicks things off by talking about his first development and land banking! He provides insights on the 600 N Fairbanks development; a luxury high-rise condominium tower in Streeterville. Noah shares the process of working with Helmut Jahn, a world-renowned architect who designed 600 N Fairbanks. Noah dives into the benefits of his apartment searching platform Domu and provides tremendous tips on rental listings to get units leased fast! To conclude the episode, Noah shares an optimistic outlook on the Windy 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: [email protected]
Guest: Noah Schatz, Domu Chicago Apartments
Link: Andrew Porter (Network Recommendation)
Link: 600 N Fairbanks Condo Development
Link: The Peter Attia Drive Podcast
Guest Questions
02:12 Housing Provider Tip - Adjust rental prices during the end of leasing season to minimize vacancy.
03:22 Intro to our guest, Noah Schatz!
08:38 Noah’s first development and land banking!
16:24 The value of architecture and design in development.
26:17 Pre-crash market and inception of Domu!
32:50 Benefits of Domu over other platforms.
35:45 Top leasing tips!
49:06 Noah’s outlook on Chicago.
51:15 What is your competitive advantage?
52:50 One piece of advice for new investors.
53:39 What do you do for fun?
54:15 Good book, podcast, or self development activity that you would recommend?
55:13 Local Network Recommendation?
56:04 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.
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