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Welcome back to the Straight Up Chicago Investor Podcast! In this episode, we are thrilled to have a true real estate industry veteran, Jerry Ettinger of Ettinger Realty, as our special guest. With nearly 50 years of experience in the field, Jerry brings a wealth of knowledge and insights that every real estate enthusiast should not miss.
From Teacher to Real Estate Agent
Jerry Ettinger's journey into the world of real estate is nothing short of remarkable. He kicks off the podcast by sharing his transition from being a teacher to becoming a real estate agent in the 1970s. This transition alone speaks to the adaptability and dynamic nature of the real estate industry. Jerry's story is a testament to the fact that one can make a successful shift to a completely different career path if they are passionate and dedicated.
Rogers Park and North Side Neighborhoods
Jerry Ettinger's journey in real estate started in Rogers Park and extended to several other North Side neighborhoods. He takes us through the changes and transformations he has witnessed in these areas over the years. From shifting demographics to evolving market dynamics, Jerry provides valuable insights into how neighborhoods evolve and adapt to the times.
Investing in Hyde Park
Jerry's journey takes an exciting turn as he discusses his investments in Hyde Park, a historic neighborhood on Chicago's South Side. He shares his experiences and the unique opportunities he has encountered in this area. Hyde Park is known for its cultural richness and vibrant community, making it a fascinating case study for real estate investors.
Neighborhoods Primed for Growth
As we near the end of the podcast, Jerry Ettinger shares his thoughts on neighborhoods that he believes are primed for growth. These insights are invaluable for both novice and experienced investors looking to make strategic moves in the Chicago real estate market. Jerry's predictions are based on his extensive experience and deep understanding of the market's dynamics.
The Power of Buy and Hold Real Estate
Jerry closes the podcast by emphasizing the importance of buy and hold real estate. His perspective on this timeless investment strategy carries significant weight, coming from someone who has witnessed the ebbs and flows of the real estate market for nearly half a century. It's a reminder that patience and a long-term approach can yield substantial rewards in real estate.
Jerry Ettinger's journey in the real estate industry is a fascinating narrative that provides listeners with a treasure trove of wisdom and insights. Whether you're a seasoned investor or just starting out, Jerry's experiences and projections offer a unique perspective that can guide your real estate endeavors in the ever-evolving landscape of Chicago.
Watch Straight Up Chicago Investor Podcast Episode 232 in Full Here
Questions We Answer In this Show:
Q. How Interest Rates Dictate the Fate of Real Estate Investments?
Q. Navigating Commercial Real Estate in the Analog Era
Q. The Evolving World of Real Estate Brokers: Unveiling the Contrasting Realities of Past and Present
Show Notes:
02:28 Housing Provider Tip: Ensure common area windows have screens to protect all parties!
04:15 Intro to our guest, Jerry Ettinger!
05:00 Jerry’s start in real estate!
10:51 Commercial real estate in the 70s!
15:04 Rogers Park back in the 70s and 80s!
19:31 Looking back at other north side neighborhoods.
27:14 Being a Housing Provider: Then vs Now!
28:42 Jerry’s advice to young investors!
31:06 How did Jerry end up investing in Hyde Park!
35:33 Chicago Neighborhoods that Jerry is bullish on!
37:00 What is Jerry’s competitive advantage?
37:20 One piece of advice for new investors.
37:44 What do you do for fun?
39:01 Good book, podcast, or self-development activity that you would recommend?
40:09 Local Network Recommendation?
40:56 How can the listeners learn more about you and provide value to you?
Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest Name: Jerry Ettinger
Guest Company: Ettinger Realty
Guest Link: https://ettingerrealty.com/
Other Links for show notes:
Powerhouse Principles (Book Recommendation)
NBOA / Mike Glasser (Network Referral)
Albany Bank (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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