Would you trade salary for knowledge? John Westbrook spent time straight out of college working for one of Chicago’s largest property managers to build-up his foundational knowledge of the industry. John has since transformed this knowledge into a substantial portfolio of multifamily buildings on the Northside. John explains how he plans for the long-term with his rehabs, appreciates previously gutted buildings, and focuses on the end users experience to differentiate his investments (it’s much more than numbers on a spreadsheet). John also shares the importance of finding mentors and how his partnerships have catapulted him to success. If you enjoy today’s episode, please leave us a review and share us with someone who may also find value in this content.
Timeline
Intro. 9:30
What are some key things you learned while working for such a large landlord? 13:20
Did you ever consider buying smaller buildings rather than larger buildings? 14:30
What are some neighborhoods you’re active in? 16:00
What are you looking for on a deal in Humboldt Park? 17:45
When you got artwork commissioned, did you need to get permissioned for it? 25:30
What would you tell someone who owns a 3 unit in terms of financing? 32:10
Walk us through this large multi family. 33:50
How do you estimate how long it will take to rehab a large building? 38:20
What can you tell us about west humboldt park? 42:30
What is your competitive advantage? 45:33
What is one piece of advice you’d give to a new investor? 46:23
What do you do for fun? 47:30
What is a good self development activity you would recommend? 49:20
Quality resource 50:10
How can we reach you? 50:50
That’s our show, see you next week!
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Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest Name: John Westbrook
Guest Company: @properties
Guest Link: John Westbrook | Logan Square Real Estate Broker | @properties
Other Links for show notes:
Luke Blahnik - Chicago Real Estate Broker | @properties
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