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Straight Up Chicago Investor Podcast Episode 206: Finding A Niche In Chicago New Construction Developments With Prashanth Mahakali And Fernando Lopez

Mark Ainley - Friday, June 9, 2023
Straight Up Chicago Investor Podcast Episode 206: Finding A Niche In Chicago New Construction Developments With Prashanth Mahakali And Fernando Lopez

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!

Show Notes:

  • 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:

SUCI Ep 21 (Prashanth's Last Episode)

Alex Hormozi AI Video

Indistractable (Book Recommendation)

Darpet (Doors and Trim Vendor)

Hillside Lumber (Lumber Vendor)

Chicago Investor Resources Shared

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Author

post.authorName
Mark Ainley
Investor, Managing Broker, and Property Manager
Price is what you pay, Value is what you get! I want to provide value to others and make some money along the way. I have a solid foundation in Chicago real estate because I am a Real Estate investor in both Residential and Commercial/Industrial markets while being a founding partner at GC Realty & Development LLC and co-host of Straight Up Chicago Investor Podcast. In the last 20 years we renovated 500+ properties, invested in commercial properties, managed over 7000 units/tenants, leased...
Price is what you pay, Value is what you get! I want to provide value to others and make some money along the way. I have a solid foundation in Chicago real estate because I am a Real Estate investor in both Residential and Commercial/Industrial markets while being a founding partner at GC Realty & Development LLC and co-host of Straight Up Chicago Investor Podcast. In the last 20 years we renovated 500+ properties, invested in commercial properties, managed over 7000 units/tenants, leased over 4,000 properties, featured on CNBC’s TV show The Deed, co-host on Chicago's AM560 Real Estate Revealed Radio Show, and invited to speak & sit on panels at numerous investment summits across the country. I have also been blessed with the opportunity to be a guest on over 30 top podcast platforms. GC Realty & Development, LLC, currently manages over 1,200 investment properties throughout the Chicagoland area. In 2019, 2020, 2020 and 2022, GCR&D was featured on the Inc. Magazine list of top 5,000 fastest growing companies in the United States. I take great pride in providing valued feedback to beginners and less experienced entrepreneurs on what steps not to take or what steps to take sooner in growing a younger business.
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