Episode 58: Multi Family Investing in Chicago’s Northwest Side with Gloria Weikert

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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.

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.

Connect with Mark and Tom: StraightUpChicagoInvestor.com

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

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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.

70 episodes