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Episode 183: Forty-Six Years of Chicago Real Estate Knowledge with Pioneer Vince DePaul

Vince begins by talking about his previous career as a rockstar manager (Styx)! He shares stories about Roseland and Humboldt Park in the 60s and 70s. Vince transitions into his journey as both a real estate broker and investor. He dives deep on the pros/cons of getting a broker’s license as an investor and the requirements to get licensed. Throughout the episode, Vince speaks to the power of real estate as a wealth generator and the importance of education!

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03:08 Housing Provider Tip: Provide temperature sensors to tenants to document heating and cooling issues!

06:30 Intro to our guest, Vince DePaul!

10:03 Did any of the skills Vince learned in his previous career of managing entertainers translate to real estate?

11:50 Vince talks about Roseland and surrounding neighborhoods in the 60s/70s!

17:40 What was Humboldt Park like back in the day?

18:50 How were Vince’s first couple years in real estate?

21:43 Vince talks about his journey from real estate broker to investor!

26:44 Should real estate investors get a real estate broker’s license?

33:43 What are the costs and requirements to get a real estate license?

40:30 Vince talks about his real estate school’s offerings!

42:16 What is Vince’s outlook on real estate brokers given advances in technology?

46:36 What is Vince’s competitive advantage? 

48:03 One piece of advice for new investors.

48:54 What do you do for fun?

49:33 Good book, podcast, or self development activity that you would recommend? 

50:10 Local Network Recommendation?

50:57 How can the listeners learn more about you and provide value to you?

That’s our show! Thanks for listening!

Guest Name: Vince DePaul

Guest Company: Your House Real Estate Academy

Guest Linkhttps://www.yourhouseacademy.com/

Other Links for show notes:

Chicago Heat Ordinance

Frank Zappa (Network Recommendation)

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