Podcast

Episode 51: Becoming "Brick Rich" on the Northside; Owning 74 Doors by Age 29

Podcast

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

Muros | A Global Art Activation Agency

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