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In the latest episode of the Straight Up Chicago Investor Podcast, listeners are treated to a wealth of insights from a seasoned professional in the Chicago real estate scene – Alex Morsch, Commercial Broker and Investor at Peak Realty. Alex shares his journey from the grind of being a leasing agent to his current role, offering a unique perspective on repositioning assets in the vibrant West Town neighborhood.
Alex kicks off the episode by delving into the early days of his career, sharing the challenges and triumphs of transitioning from a leasing agent to a real estate broker. Listeners get a firsthand account of the grind, highlighting the dedication required to succeed in the dynamic world of real estate.
An intriguing aspect of Alex's journey is his commitment to walking 100 buildings before making his first purchase. He unfolds the valuable lessons learned during this process, emphasizing the importance of a "nose to the ground" approach in real estate investment. This hands-on experience has become a cornerstone of his success, allowing him to add immense value to his clients and thrive as a broker.
The episode takes a deep dive into Alex's approach to investment property acquisition. Listeners gain insights into his strategies, the intricacies of the West Town neighborhood, and how creating opportunities in a tight inventory market has been key to his success. Alex's practical wisdom on house hacking adds another layer to the discussion, providing listeners with actionable tips for navigating the market.
As the conversation unfolds, Alex leaves listeners with a bullish 5-year outlook on Chicago real estate. His optimism and strategic insights provide a refreshing perspective amid uncertainties, inspiring confidence in the potential for growth and opportunities in the city's real estate market.
Key Takeaways:
Learn about Alex Morsch's journey from leasing agent to successful Commercial Broker and Investor.
Understand the importance of a "nose to the ground" approach in real estate investment.
Gain insights into investment property acquisition strategies, with a focus on West Town.
Explore practical wisdom on house hacking and creating opportunities in a tight inventory market.
Embrace a bullish 5-year outlook on Chicago real estate from a seasoned industry professional.
The Straight Up Chicago Investor Podcast continues to deliver engaging and insightful content, and the episode featuring Alex Morsch is no exception. Whether you're a seasoned investor or just starting in the real estate game, this episode provides a valuable glimpse into the strategies and mindset of a successful professional. Tune in for an enriching conversation that navigates the complexities of the Chicago real estate landscape and leaves you with a renewed sense of optimism for the future.
Watch Straight Up Chicago Investor Podcast Episode 236 in Full Here
Questions We Answer In this Show:
Q. How He Dominated the Personal Training Industry and Conquered Real Estate!
Q. Gutting His First Property and Unleashing Incredible Potential!
Q. The Art of Taking Action for Explosive Success!
Show Notes:
02:24 Housing Provider Tip: Check the faucet aerator when troubleshooting low water pressure!
03:56 Intro to our guest, Alex Morsch!
07:33 The grind of being a leasing agent.
12:52 Transitioning from leasing to a commercial broker!
16:30 Walking properties to gain experience.
26:38 Alex’s first investment!
37:57 The reality of House Hacking.
42:25 Breaking down the West Town neighborhood!
49:10 Finding deals and creating opportunities.
54:27 Alex’s 5 year outlook on Chicago Real Estate!
55:18 What is Alex’s competitive advantage?
55:35 One piece of advice for new investors.
55:53 What do you do for fun?
56:12 Good book, podcast, or self development activity that you would recommend?
57:05 Local Network Recommendation?
57:35 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: Alex Morsch
Guest Company: Peak Realty
Guest Link: https://peakrealtychicago.com/our-team/alex-morsch/
Other Links for show notes:
Rich Anselmo (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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