Episode 5: North Side House Hacking & How It Has Changed In Last 5 Years

from Straight Up Chicago Investor · host Mark Ainley and Tom Shallcross

If you've gone on the Bigger Pockets forums, you've probably seen the wealth of knowledge she shares with everyone, but today Brie Schmidt of Second City Real Estate is getting down to the Chicago specific details for you. Ever wonder why north center has had such a strong population decline while prices have skyrocketed? Or how you can house hack a property yourself? Brie tells it all for you without selling sunshine and rainbows, but her expertise keeps her clients coming back year after year. Not only that, Brie gives some insight into how she optimized her schedule from working 60+ hours a week to 20-30 max giving her more time to focus on her own life. You're not going to want to miss this. ----------------- Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: [email protected] Guest: Brie Schmidt of Second City Real Estate Bigger Pockets: https://www.biggerpockets.com/users/chicagobrie Book rec: https://www.amazon.com/Super-Human-Bulletproof-Backward-Forever/dp/0062882821 Midwest Real Estate Summit: http://www.midwestresummit.com Book rec: https://whttps://www.amazon.com/Getting-Things-Done-Stress-Free-Productivity/dp/0142000280ww.amazon.com/Why-We-Sleep-Unlocking-Dreams/dp/1501144316 GC Realty Section 8 Blog: https://www.gcrealtyinc.com/blog/what-will-section-8-pay-for-rent-in-cook-county 2018 Payment Standards: https://thehacc.org/wp-content/uploads/2018/04/2018-Payment-Standard-7-01-2018-approved.pdf ----------------- Mark's tip on section 8 housing 1:27 Guest Bio 3:04 Guest Questions What are some assumptions, either correct or incorrect, about the Chicago Market? 3:39 What neighborhoods are you in and how have they changed over time? 8:30 Is there anything happening in Irving Park and Avondale? 10:17 What are some of the expectations you set with clients looking to househack? 13:45 When does a househack not make sense for a client? 19:50 How do you show properties with illegal garden units? 23:50 What should clients expect when working with you? 28:52 What caused you to start investing in Milwaukee? 33:55 Wrap up questions What is your personal advantage? 44:50 What is one piece of advice you'd give a novice? 45:40 What do you do for fun? 46:00 What is a good self development product you've used recently? 46:30 Local network recommendation? 47:40 Thanks for listening! If you found this episode useful, leave us a comment and hit that like button, it helps us out tremendously! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2020.

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This episode was published on May 22, 2020.

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