Brendan McElhaney Does Deals, Flips, and Holds In Chicago
Brendan McElhaney, founder of Cash for Chicago Houses, is a real estate wholesaler and investor who specializes in sourcing off-market deals through direct-to-seller marketing!
Brendan explains how he started in real estate with a house hack and how that helped him leave his corporate job to pursue real estate full time! He talks about renovation mistakes and leasing insights that he learned on his first few deals. Brendan dives deep on getting a wholesaling business off the ground, establishing a team, and lessons learned from wholesales gone wrong. He shares how he is leveraging social media to provide value to others and grow his business and also provides an outlook on Chicago. Throughout the show, Brendan demonstrates that hard work and grit have been the keys to his success!
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03:19 Housing Provider Tip - Understand the limits on collectible security deposits.
05:09 Intro to our guest, Brendan McElhaney!
10:37 Leasing mistakes and lessons learned.
16:58 Getting a wholesaling business off the ground!
25:11 Wholesale deals gone wrong.
32:14 Building a reputation as a new wholesaler!
40:59 Establishing a wholesaling team and process.
43:34 Leveraging social media.
48:00 Brendan’s outlook on his business and Chicago!
51:05 What is your competitive advantage?
52:24 One piece of advice for new investors.
53:08 What do you do for fun?
54:08 Good book, podcast, or self development activity that you would recommend?
54:42 Local Network Recommendation?
54:56 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: Brendan McElhaney
Guest Company: Cash for Chicago Houses
Guest Link: https://www.cashforchicagohouses.com/
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