Daniel Kaufman is an attorney with over a decade of vast experience representing real estate developers with transactions, as well as litigation, with a lot of practice involving the foreclosure auction! Daniel is also an investor who purchases at the tax auction for himself, using the specialized assistance of another attorney who specializes in that specific legal work.
Daniel kicks things off by discussing his start in real estate where he served as an attorney on tax auction properties! He shares a great story on his first deal which was a 3-flat in the United Center neighborhood. He dives deep into working with the City during renovations and tells us about his current single-family home deconversion. Daniel drops great nuggets on sourcing deals and grinding to learn your market to give you a competitive edge!
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03:31 Housing Provider Tip: Routinely check your vacant properties even if the vacancy is temporary.
04:19 Intro to our guest, Daniel Kaufman!
07:11 Starting off in real estate with tax auction properties!
11:05 Bank-owned properties and Daniel’s United Center 3-flat story!
19:07 Tax auction properties.
23:28 Daniel’s next project in the United Center neighborhood!
25:50 Obtaining plans and permits and working with the City.
31:27 Sourcing deals.
35:02 Daniel’s SFH deconversion!
41:49 Daniel’s outlook on Chicago Real Estate.
47:27 What is Daniel’s competitive advantage?
47:51 One piece of advice for new investors.
48:29 What do you do for fun?
48:50 Good book, podcast, or self development activity that you would recommend?
51:09 Local Network Recommendation?
51:26 How can the listeners learn more about you and provide value to you?
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Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest Name: Daniel Kaufman
Guest Company: D. Kaufman Law
Guest Link: https://kaufmanlawchicago.com/
Other Links for show notes:
Outliers (Book Recommendation)
The Compound (Podcast Recommendation)
James Sheehan (Network Referral)
Show Sponsors:
