Episode 118: From Derivatives Trading to Chicago Real Estate Investing and Brokering with Lawrence Dunning

New development strategies, hot Chicago areas, derivative financing trading, long-term holds, and an Englishman! This episode is packed with nuggets across the board. With a background in finance and derivatives trading, Lawrence Dunning has shifted his analytical skills to real estate and is making a name for himself by linking developers to long-term investors before inventory hits the market.   Lawrence explains how the pandemic has affected the economy and real estate in Chicago. We had him drop street-level knowledge on areas that he's bullish on and directing his buyers towards. He also talks about the value of new construction buildings and how they compare to rehabbed buildings. He closes out the episode with how to project taxes on new construction and some pretty amazing stories on his background! 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: Lawrence Dunning, Main Street Real Estate Group Link: Lawrence Dunning LinkedIn Link: Enter the Lionheart Podcast Sponsors: Kiser Group and ClickInvest ----------------- Guest Questions 03:37 House Provider Tip: Be sure to check up on properties during these frigid cold days/weeks of the year! 05:47 House Provider Tip: Intro to our guest, Lawrence Dunning! 06:58 How has the pandemic impacted our economy and the asset classes? 08:41 Why did Lawrence choose to dive into real estate out of all the asset classes? 13:54 In retrospect, what areas of the city and what types of real estate had noticeable changes as a result of the pandemic? 15:50 What is Lawrence's business model and what areas is he focusing on? 19:08 How is Lawrence finding inventory for his clients in hot areas like Pilsen? 22:58 Where would Lawrence take a new investor who can't buy a new construction, but is looking for a solid but attainable investment? 25:15 Who is buying new construction buildings and how does new construction compare to rehabbed buildings? 28:50 What other areas is Lawrence seeing with good investment opportunities? 33:50 What are some signs or things to look for in an area that is or will be experiencing development? 38:54 What is the approximate cost per square foot of new construction? 41:18 How to estimate taxes on new construction? Wrap Up Questions 47:21 What is Lawrence's competitive advantage?  48:32 What is the one piece of advice for new investors looking to buy their first property in Chicago? 49:57 What do you do for fun? 52:10 Good book, podcast, or self development activity that you would recommend?  54:18 Local Network Recommendation? 55:45 How can the listeners learn more about you and provide value to you? That's our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2022.