Chicago, Chicago!

Published: Nov. 17, 2018, 8:55 p.m.

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FAR 202 Chicago Chicago

Expected Air Date: 10/25/18

Opening

What a day! What a City! Chicago Illinois, the third largest city in America and as you are going to hear in a few moments, the nation\\u2019s leader in Pumpkin Spice Lattes! Today we are going to focus on Chicago. We are going to speak with a leading realtor and a couple of leaders from the investor community there. And as a bonus, out bumper music is the big band song \\u201cChicago\\u201d performed by the band named Chicago. Did you know they put out an entire Big Band album a few years ago? They surely did. It was their 18th studio album, released in 1995 and although I\\u2019m a fan of Chicago already, is one of the best things they ever did. But I digress\\u2026

Let\\u2019s visit Chicago...

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Announcements:

  • FlipStarter Nov 2-3, Atlanta, GA \\xa0
  • Lunch with me every Wednesday.
  • Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It\\u2019s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
  • Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. \\xa0

News!

Topic: Comment Line calls and Questions

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Emails:

questions@flippingamericnanetwork.com \\xa0Tell us where you\\u2019re from!

  • Curtis, Murphy, NC, \\u201cI have a neighbor who inherited his mom\\u2019s house over in Franklin. He doesn\\u2019t have the time or money to fix it up. He says it\\u2019s not bad, but his mom lived alone the past 15 years and there are several minor things that need to be fixed. He just wants it gone - he doesn\\u2019t want to rent it out and every month the payment just comes out of the estate. The loan balance is a little more than $83,000. It\\u2019s probably worth about $110,000. This seemed like a great opportunity until I listened to a few of your shows and learned some things about the numbers. Do you have any suggestions? I\\u2019ve been wanting to do a deal, but just don\\u2019t know what can be done here. (We asked offline and the payments are $476 PITI and the fair market rent is $750. The repairs to rent ready condition are estimated at $6500. Also ten years left on loan).
  • Jessica, Boulder, CO, \\u201cI\\u2019m having a hard time getting my contractor to listen to me. I think it\\u2019s because I\\u2019m young and female. I can\\u2019t do anything about that. But what can I do to make him do things the way I want?\\u201d

Motivational Thoughts for the day

    • It\\u2019s not about \\u201cperfect.\\u201d It\\u2019s about \\u201ceffort.\\u201d And when you bring that effort every day, transformation happens. That\\u2019s how change occurs.

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  • Jillian Michaels
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