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Welcome to another episode of the Straight Up Chicago Investor podcast, where we bring you the most insightful conversations with the industry's leading figures. Today, we're thrilled to share our latest episode featuring Ignacio Gonzalez, a seasoned investor and proud native of the Back of the Yards neighborhood.
Born and raised in this vibrant community, Ignacio has a unique perspective on the neighborhood's past, present, and future. He's not just an observer; he's an active participant in the area's growth, investing in properties and contributing to the community's development.
In this episode, Ignacio takes us on a journey through his life and career, starting with his first investment in the neighborhood. He candidly shares the lessons he learned from his initial rehab project, which, despite going over budget and schedule, laid the foundation for his future success. His experiences with large gut renovations are a testament to his resilience and commitment to his community.
Ignacio also provides an in-depth analysis of the Back of the Yards' real estate market. He discusses the explosive growth of property and rent values, offering his forecast on the neighborhood's trajectory. His insights are invaluable for anyone interested in real estate investment, particularly in emerging markets.
But this episode is not just about real estate. It's about the importance of community. Throughout the conversation, Ignacio emphasizes the significance of knowing and understanding the community you're investing in. He speaks passionately about the satisfaction that comes from contributing to a community's growth, painting a vivid picture of the symbiotic relationship between investors and the neighborhoods they invest in.
Whether you're a seasoned investor, a beginner, or simply someone interested in community development, this episode with Ignacio Gonzalez is a must-listen. His story is a powerful reminder that investing is not just about financial gain, but also about contributing to the growth and development of the communities we call home.
Don't miss out on this enlightening conversation. Tune in to our podcast and join us as we explore the Back of the Yards with Ignacio Gonzalez.
Watch Straight Up Chicago Investor Podcast Episode 212 in Full Here
Questions We Answer In this Show:
Q. Over Improving Properties for Long-Term Investment: Is it worth it?
Q. Discover the Hidden Real Estate Gems in Back of the Yards!
Q. Epic Transformation - Taking a Building Down to Its Original Bones and Rebuilding It
Show Notes:
03:08 Housing Provider Tip: Be mindful of tenant notice requirements and plan accordingly!
05:28 Intro to our guest, Ignacio Gonzalez!
06:17 How did Ignacio get started in Back of the Yards!
08:17 What are the borders of the Back of the Yards neighborhood?
10:55 Ignacio discusses his return to Back of the Yards!
18:30 What motivated Ignacio to keep going after his rocky first project?
24:27 Ignacio discusses rent growth in Back of the Yards!
28:34 Lessons learned from large rehab jobs.
38:38 How is Ignacio influencing his peers to invest in Back of the Yards?
40:25 Ignacio discusses his upcoming coffee shop!
44:15 What is Ignacio's competitive advantage?
44:40 One piece of advice for new investors.
45:05 What do you do for fun?
45:32 Good book, podcast, or self development activity that you would recommend?
46:24 Local Network Recommendation?
47:04 How can the listeners learn more about you and provide value to you?
Guest Name: Ignacio Gonzalez
Guest Company: Beyond Legacy Homes
Guest Link: https://beyondlegacy.homes/
Other Links for show notes:
Living with the Monks (Book Recommendation)
Chicago Investor Resources Shared
What You Must Know About Renting Your Property In Schaumburg
Survival Guide For Self Managers - 15 Tips Chicago Landlords Must Know(Especially House Hackers)
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