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Welcome to another exciting episode of the Straight Up Chicago Investor podcast! In this episode, we had the pleasure of hosting Baris Yuksel, a seasoned investor with an impressive portfolio of over 100 rental units in Chicago. Baris shares his journey, valuable insights, and experiences in the world of real estate investing. Get ready to dive deep into the mind of a successful investor and gain valuable knowledge to help you navigate the Chicago market.
Baris kicks off the episode with a captivating tenant horror story that involves a fridge being thrown off a rear porch. It's a reminder that being a landlord comes with its fair share of challenges and unexpected situations. Baris then takes us back to his start in real estate, sharing how he acquired a mixed-use building for a restaurant business. This early venture set the foundation for his future success.
One of the key aspects of Baris's success is his ability to obtain the capital needed to scale his real estate portfolio. He shares valuable insights on various strategies and approaches to secure funding for investment properties. Additionally, Baris dives deep into the world of self-management, discussing the ins and outs of managing his own properties. He provides practical tips and advice for investors looking to take on this responsibility.
As a seasoned investor in the Chicago market, Baris offers his perspective on different neighborhoods and what investors can expect in terms of opportunities and challenges. He shares his insights on the evolving landscape of the Chicago real estate market and provides valuable advice for those looking to make informed investment decisions.
Baris Yuksel's journey and experiences in real estate investing serve as an inspiration for both seasoned investors and those just starting out. His insights on obtaining capital, self-management, and understanding the Chicago market are invaluable. Whether you're looking to scale your portfolio or make your first investment, this episode of the Straight Up Chicago Investor podcast is a must-listen.
Watch Straight Up Chicago Investor Podcast Episode 220 in Full Here
Questions We Answer In this Show:
Q. Insider Tips for First-Time Buyers!
Q. Unlock Your Property's Hidden Potential with a Professional Property Manager
Q. Chicago House Hunting: The Best Time to Find Your Dream Home!
Show Notes:
03:25 Housing Provider Tip: Understand Gross vs Net Income when screening tenants!
05:16 Intro to our guest, Baris
10:20 Why did Boris start with a mixed-use building?
19:31 Establishing a Geographical Focus and Finding Capital to Scale!
22:11 Self-Managing a Growing Portfolio.
31:39 Discussion on different Chicago neighborhoods!
37:15 Baris’ outlook on Chicago Real Estate!
40:22 What is Baris’ competitive advantage?
40:45 One piece of advice for new investors.
41:19 What do you do for fun?
41:37 Good book, podcast, or self development activity that you would recommend?
42:08 Local Network Recommendation?
42:52 How can the listeners learn more about you and provide value to you?
Guest Name: Baris Yuksel
Guest Company: Supreme Capital
Guest Link: https://www.biggerpocketscom/users/barisy
Other Links for show notes:
John Warren SUCI Ep 196 (Network Referral)
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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