EPISODE · Mar 24, 2026 · 52 MIN
164 - Why That Vacant Lot is a Goldmine (Without the Craziness!) - Andy Ahitow
from Passive Income Adventures · host Emma Powell
Mastering the World of Real Estate Development with Andy Ahitow | Passive Income AdventuresJoin Emma Powell in another exciting episode of 'Passive Income Adventures' where she talks with Andy Ahitow, a seasoned real estate developer based in Chicago. Andy delves into his 26-year journey from apartment leasing to managing a multimillion-dollar development company, City Pads. Learn about the challenges, strategies, and insights of real estate development and investment. Andy also shares his expertise on understanding renter behavior, navigating the funding landscape, and forming sound operational systems. This episode is a must-watch for both new and experienced investors looking to understand the intricacies of passive income in real estate.Bio:Andy is a 25-year real estate veteran and a co-founder of CityPads. Andy currently owns and operates 500 apartment units in Chicago and has developed over 2,000 multifamily units throughout his career. Andy founded and owned Chicago Apartment Finders, an apartment marketing and leasing company, that leased 40,000 units throughout its 13 years, which he subsequently sold to Coldwell Banker. Andy has developed 1,500 units alongside Marc Realty, Angelo Gordon, ASB Capital Management and others and has raised over $100 Million of equity from high net worth and institutional investors throughout his career.Connect with Emma:https://InvestWithEmma.comhttps://Highrise.groupConnect with Andy:Email: [email protected]: cpadsre.com00:00 Introduction to Passive Income Adventures00:07 Early Retirement Journey00:34 Challenges of Self-Employment01:10 Today's Guest: Developer Andy Ahitow01:39 Understanding Multi-Family Real Estate04:47 Andy Ahitow's Background in Real Estate05:38 Building a Successful Real Estate Brokerage08:12 Transition to Development15:39 The Importance of Operational Systems24:35 Consumer Behavior in Real Estate28:14 Challenges in Transit-Oriented Development29:02 The Importance of Walkable Neighborhoods29:48 Selling the Concept of No Parking31:39 Balancing Amenities and Costs32:36 Navigating Investor Expectations35:16 Understanding Types of Investors38:44 The Role of Family Offices and RIAs42:59 Future of Real Estate Investment44:33 Personal Journey and Business Vision51:13 Contact Information and Final Thoughts
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164 - Why That Vacant Lot is a Goldmine (Without the Craziness!) - Andy Ahitow
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