Vendor Portal
Roger Luri, a seasoned real estate investor, has been making waves in Chicago since the 90s with his focus on new construction multi-family properties. With decades of experience under his belt, Roger shares valuable lessons learned, insights into the last housing crash, and a bullish outlook on Chicago's real estate market.
Finding a Niche in New Construction
Roger stumbled upon a unique opportunity in new construction, and he hasn't looked back since. In his blog, he takes us through his journey of discovering the potential in building multi-family properties from the ground up. He shares how he identified the untapped market, strategized investment plans, and capitalized on the demand for modern living spaces in Chicago.
Lessons Learned from Years of Investing
With nearly three decades of experience in real estate investing, Roger has encountered his fair share of challenges and triumphs. In his blog, he imparts his wisdom gained through these experiences. He discusses the red flags he observed leading up to the last housing crash, allowing readers to learn from past mistakes and build a more resilient investment strategy.
The Emergence of North Side Neighborhoods
As Roger delves into the Chicago real estate landscape, he shines a spotlight on the emergence of north-side neighborhoods like Uptown, Edgewater, and Buena Park. These once-underrated areas have experienced significant growth and revitalization, offering promising opportunities for investors. Roger breaks down the factors that make these neighborhoods attractive and shares his insights on their potential for profitable new construction projects.
Identifying Profitable Areas for New Construction
Knowing where to invest is key to success in real estate. Roger shares his expertise on identifying areas where new construction has the potential to be profitable. He discusses market trends, demographics, and economic indicators that play a crucial role in making informed investment decisions. With his advice, readers can gain a solid understanding of what to look for when scouting for investment opportunities.
The Key Players of Your Real Estate Investing Team
Building a successful real estate investing team is essential in navigating the complexities of the market. Roger highlights the key players that make up this team, from real estate agents and contractors to property managers and lenders. He offers guidance on selecting the right professionals for each role, ensuring a smooth investment process, and maximizing returns.
A Bullish Outlook on Chicago
In closing, Roger takes out his crystal ball and paints a positive picture of Chicago's real estate market. He shares his optimism for the city, highlighting its diverse economy, cultural attractions, and strong rental demand. With a bullish outlook, he inspires readers to consider Chicago as an investment destination, backed by his years of experience and knowledge of the market.
Roger Luri's blog is a treasure trove of insights and advice for anyone interested in investing in new construction multi-family properties in Chicago. As you follow his journey, you'll gain valuable knowledge, avoid pitfalls, and be equipped to seize opportunities in this thriving real estate market.
Watch Straight Up Chicago Investor Podcast Episode 214 in Full Here
Questions We Answer In this Show:
Q. The Future of Chicago Real Estate
Q. Rehab Vs New Construction in Real Estate
Q. Upcoming Neighborhood Development
Show Notes:
02:24 Housing Provider Tip: Leverage Google Earth as a due diligence tool when purchasing property!
04:19 Intro to our guest, Roger Luri!
07:41 Finding a niche in new construction!
11:28 What red flags did Roger notice leading up to the last housing crash?
14:39 Working with neighborhood groups when redeveloping property!
16:24 Seeing Development in Uptown, Edgewater, and other North Side Neighborhoods!
21:42 Determining locations where new construction is profitable.
25:46 Keys to building a solid real estate team!
32:00 Roger compares rehabs and new construction!
41:02 How to set up Joint Ventures?
43:25 Roger’s outlook on Chicago!
46:45 What is Roger’s competitive advantage?
47:44 One piece of advice for new investors.
48:31 What do you do for fun?
49:12 Good book, podcast, or self-development activity that you would recommend?
50:17 Local Network Recommendation?
51:02 How can the listeners learn more about you and provide value to you?
Guest Name: Roger Luri
Guest Company: LD2 Development
Guest Link: https://ld2development.com/
Other Links for show notes:
Don't Buy Multi-Family! BUILD IT (Roger's Book)
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)
Want extra Hacks & Tricks? Follow us on Facebook & Youtube!
Looking for a breakthrough in your career? Join Our Team!
SUBSCRIBE on to our podcast on iTunes | Spotify | Stitcher | TuneIn Radio
