Straight Up Chicago Investor Podcast: A Deep Dive into New Construction with Prashanth Mahakali and Fernando Lopez
Prashanth Mahakali, a returning guest, joins hosts Mark and Tom again, this time bringing his business partner Fernando Lopez. In this episode of the Straight Up Chicago Investor Podcast, Prashanth and Fernando discuss their partnership and experience developing new construction properties in Chicago.
Prashanth and Fernando explain how they were able to find a profitable model for new construction design and development. They offer a high level of customization for their home buyers and share some of the challenges that come with that. The two real estate investors also share which neighborhoods in Chicago they are most optimistic about for new development opportunities.
Prashanth and Fernando’s partnership combines their skills in development, design, and customer experience to create desirable new construction properties in Chicago. Tune in to hear their insights into the new construction market and lessons they’ve learned along the way.
Questions We Answer In this Show:
Q. Discovering the Advantages of Standardized Finishes and Upgrades in Home Building
Q. How Developers Finished 80 Home Construction Projects in JUST 4 Years!
- 02:12 Housing Provider Tip: Change door locks between turnovers!
- 05:25 Intro to our guests, Prashanth Mahakali and Fernando Lopez!
- 07:36 Prashanth and Fernando discuss the formation of their partnership and their first deal together!
- 19:38 How to be profitable building new construction homes.
- 27:44 How custom are these new construction homes?
- 33:53 Prashanth and Fernando share challenges they’ve faced!
- 43:24 Software and/or Practices for tracking buyer customization.
- 44:55 What neighborhoods are Prashanth and Fernando focusing on?
- 51:38 The impact of interest rates on new construction home pricing.
- 53:03 What is Prashanth’s and Fernando's competitive advantage?
- 54:07 One piece of advice for new investors.
- 55:19 What do you do for fun?
- 56:57 Good book, podcast, or self development activity that you would recommend?
- 57:41 Local Network Recommendation?
- 58:33 How can the listeners learn more about you and provide value to you?
Guest Name: Prashanth Mahakali and Fernando Lopez
Guest Company: Real View Design & Development
Guest Link: https://realviewdd.com/
Other Links for show notes:
Chicago Investor Resources Shared
- House Hacking Calculator
- Rent Vs Sell Calculator
- Chicago Investor Real Estate Meetup (Virtual & In Person)
- What You Must Know About Renting Your Property In Schaumburg
- Survival Guide For Self Managers - 15 Tips Chicago Landlords Must Know(Especially House Hackers)
- Need A Responsive Property Manager?
- Watch & Subscribe SUCI YouTube
- Watch & Subscribe GCR&D YouTube
- Subscribe to our Newsletter
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