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Episode 289: VA Loans, ADUs, and Turning a Funeral Home Into an Airbnb with Andrew Dorazio

Andrew Dorazion is a former Army officer and accomplished real estate broker, investor, and property manager!

Andrew jumps right in with a cool story involving a funeral home turned short term rental! He shares tips on finding partners and structuring partnerships to help scale more quickly. Andrew drops valuable nuggets on pumping a building’s NOI through reconfigured floor plans and adding ADUs. He does a deep dive on the Zoning Change Process in Chicago! Throughout the show, Andrew emphasizes the importance of taking action to propel your growth in real estate and any other endeavor!

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02:00 Housing Provider Tip - Maintain AC units as the weather gets warmer!

03:15 Intro to our guest, Andrew Dorazio!

03:45 Andrew’s “killer” deal!

07:28 Andrew’s start in real estate.

12:11 How to find partners to scale faster?

17:00 Early mistakes on Short Term Rentals.

24:04 Ways to reposition an asset.

35:05 The Process of a Zoning Change!

44:56 Building Department for requirements for ADUs!

50:25 What’s next for Andrew and his team?

53:14 What is your competitive advantage?

54:03 One piece of advice for new investors.

55:34 What do you do for fun?

56:17 Good book, podcast, or self development activity that you would recommend?

57:48 Local Network Recommendation?

58:38 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: Andrew Dorazio

Guest Company: Dorazio Real Estate

Guest Link: https://www.doraziorealestate.com/

Other Links for show notes:

https://www.bcgrealestategroup.com/

Andrew's ADU Blog

My First Million (Podcast Recommendation)

Buy Then Build (Book Recommendation)

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SUCI Ep 224 - Jason Wagner

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