Episode 259: Time For Serious Chicago Investors with Sal Becovic

Sal Becovic returns to the show to discuss how he has continued to grow his portfolio despite the challenging market! Sal jumps right in by sharing his philosophy on acquisitions and being "rate agnostic". He gives an extremely bullish outlook on Chicago leaving us feeling great about this special city. Sal discusses the ins and outs of his latest and largest acquisition; a 28-story condo building with value-add potential. Throughout the show, Sal emphasizes the importance of establishing solid fundamentals, surrounding yourself with great people, and being a good person; rules of life not just RE investing. 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: Sal Becovic, Becovic Realty Link: NBOA Chicago Link: Bloomberg.com Link: The Economist ----------------- Guest Questions 02:35 Housing Provider Tip: Ideas to make unit turnovers more efficient! 04:10 Intro to our guest, Sal Becovic! 07:31 Being in acquisition mode! 13:57 Being "rate agnostic" in today's market. 18:52 Sal's perspective on the Chicago RE market. 23:32 Sal's latest and largest deal! 37:21 What's next for Sal? 41:55 Operations and building a team. 47:30 Sal's closing tips on optimizing your RE portfolio! 51:03 What is Sal's competitive advantage? 52:35 One piece of advice for new investors. 53:49 What do you do for fun? 54:38 Good book, podcast, or self development activity that you would recommend? 56:23 Local Network Recommendation? 57:34 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2023.