Episode 43: Househacking, Scaling, and Large Multifamily Deals With one of Chicago’s Best Power Couples

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By Mark Ainley and Tom Shallcross and Straight Up Chicago Investor. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Have you ever looked at your significant other and wanted to build an empire with them? That’s exactly what Nicky and RJ De Leon have been doing since the early days of their relationship. Today, they tell their story from start to current day, diving into how they had all those hard conversations about deciding on the first location, getting on the same page as your partner and so on. Since that initial househack, they moved on into bigger projects but not alone. Listen to how they went about networking and building those partnerships that helped propel them further. All that they have accomplished has also been with full time jobs. Listen to their journey and leave us some feedback.

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Sponsor: GC Realty & Development

Guest: Nicky and RJ De Leon of NVR Properties LLC, EJC Partners

Link: Operation Family Secrets: How a Mobster's Son and the FBI Brought Down Chicago's Murderous Crime Family Chicago Multifamily Club (Chicago, IL): MeetUp | Facebook Link: The Real Estate InvestHer Link: EJC Partners - Value-add Construction for Real Estate Investors Link: First State Bank | Personal & Business Banking Link: The Only Woman in the Room: A Novel Link: The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM) Link: Shoe Dog: Knight, Phil, Butz, Norbert Leo: 9781508211808

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Guest Questions

Landlord Tip of the Week 2:45

How did your first house hack get started? 6:20

What happened after your first househack was a success, where did you go next? 11:40

What was different about the due diligence between the 3 unit and 6 unit buildings? 13:20

What were some things that surprised you about owning a 6 unit? 15:07

What were some improvements you’ve considered doing when you bought the 6 unit building? 19:40

What did you do with the equity you gained from the first 3 flat in bronzeville? 22:40

Can you dive into the 3 flat rehab project details? 24:30

How did you get into Avondale? 29:40

Do you take on projects outside of your own investments for EJC Partners? 31:40

Can you share some details about how you found and got involved in your current large multifamily? 34:50

Where are deals coming from? 38:00

Wrap Up Questions

What has been your competitive advantage? 43:05

What is one piece of advice you’d give a new investor? 44:08

What do you do for fun? 45:40

Who would you recommend as a quality resource? 48:25

That’s our show! Thanks for taking the time to listen and please leave us a 5 star review. Also consider joining our Facebook group at https://www.facebook.com/groups/3265227216848263

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Production House: Flint Stone Media

Copyright of Straight Up Chicago Investor 2021.

71 episodes