Arthur Barkan Shares How REI Allowed Him to Quit His Six-Figure W2
Arthur Barkan of Barkan Realty joins us to share how he rapidly scaled his multifamily portfolio to 80 units!
Arthur breaks down the ins and outs of investing in North Chicago, current market deal flow, and evaluating troubling tenants and potential evictions! He also shares strategies for scaling faster, tools to improve property management operations, and lessons learned from working with villages in the northern suburbs. Arthur gets granular on financing properties, capital recycling through refinances, and evaluating cash flow vs long-term net worth. He closes with his five-year vision to continue rapidly scaling his portfolio!
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02:43 Housing Provider Tip - Understand cost segregation implications if planning to sell a property in the near term.
03:28 Intro to our guest, Arthur Barkan!
08:40 The ins and outs of North Chicago.
17:26 Assessing a potential eviction scenario.
26:17 Deal flow in today’s market.
33:12 Strategies to scale faster!
36:53 Tools to streamline property management.
44:40 Dealing with the Village of North Chicago.
51:39 5 Year Outlook on Arthur’s business!
57:37 What’s your competitive advantage?
57:53 One piece of advice for new investors.
58:01 What do you do for fun?
58:22 Good book, podcast, or self development activity that you would recommend?
59:15 Local Network Recommendation?
59:23 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: Arthur Barkan
Guest Company: Barkan Realty
Guest Link: https://www.barkanrealty.com/
Other Links for show notes:
Arthur’s Phone Number: 224-433-4553
