Episode 50: Building a Chicago Empire with Andrew Holmes

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By Mark Ainley and Tom Shallcross and Straight Up Chicago Investor. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

For our 50th episode we thought we’d give everyone a special treat... Andrew Holmes is one of the most well-known names in Chicago Real Estate Investing. Andrew explains his incredible journey, from his early days as a hustling agent, to how he structured his first few investment deals. Andrew dives into specifics on how he finds deals, what attributes he looks for in an investment property, how he underwrites properties, and how he teaches others to scale. There is so much to break down here it’s an episode you’ll need to listen twice!

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Andrew Holmes of Andrew Holmes Real Estate

Sponsor: John Warren of Second City Real Estate Sponsor: Appeal.tax Link: The Intelligent Investor Link: National RE Invest

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Guest Questions

Guest Introduction 7:20

When you were a young agent, what separated you from the crowd? 8:40

How did you pivot from real estate agent to real estate investing? 13:10

How did you scale during 2008? 15:30

How are you doing this today with your students? 22:50

What are some strategies you teach students? 27:30

How are you suggesting students to underwrite for the soft costs? 31:50

How are you teaching students to buy properties in this competitive environment? 40:00

Why do you prefer single family over multifamily? 42:45

How are you accounting for some of the issues around the Chicagoland area? 45:20

How did you start and grow Chicago REIA? 47:20

Wrap Up Questions

What is your competitive advantage? 50:00

What is one piece of advice you’d give to a new investor? 50:40

What do you do for fun? 51:35

What is a good self development activity you’d recommend? 52:20

Who is one person you’d recommend from your local network? 54:40

How can we learn more about you? 55:50

That’s our show. Thanks for listening to another great episode!

If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/.

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Production House: Flint Stone Media

Copyright of Straight Up Chicago Investor 2021.

57 episodes