Episode 107: Lessons From a 300k Rehab on My Near West Side Househack with Alex Martinez

You may have already listened to our househacking from hell episode (Episode 89).  Today, we don't have tenants stealing cars or anyone overdosing, but we do have typical obstacles faced with a first-time househack; all compounded with the fact that this project included a gut rehab. Our guest today, Alex Martinez, dove in head first, encountered numerous challenges, and has not only lived to tell about it, but he now owns a wonderful 3-unit building and accumulated more experience than most early investors. Whether you are experienced or just starting out, tune in as Alex candidly talks through his experience from start to finish to learn something new. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: [email protected] Guest: Alejandro Martinez of Century 21 SGR Link: Episode 89: My Tenants Stole My Car; The Chicago House Hack from Hell with Joey Pochinskas Link: Building Permit and Inspection Records: Agreement Sponsors: Appeal.tax and Pavlovcik Architecture ----------------- Guest Questions Housing Provide Tip Of The Week 02:14  Why did I buy my first investment property near the United Center? 05:06 What to look for when buying in a new Chicago neighborhood? 09:00 Understanding the negotiation & due diligence in a Chicago real estate transaction. 10:25 How do you look up City of Chicago building violations for a specific property? 16:49 Best advice when having to get plans and permits in Chicago! 18:40  Breaking down the emotional roller coaster of buying an investment property in Chicago. 22:32 Red flags looking back on my first Chicago rehab. 32:40 Wrap Up Questions Competitive advantage? 40:20 Advice for new investors? 51:10 What do you do for fun? 53:00 Self development recommendations? 53:50 That's our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.