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In this captivating episode of Straight Up Chicago Investor, we had the pleasure of hosting Daniel Kaufman, a seasoned attorney with over a decade of experience representing real estate developers in transactions and litigation, with a specialization in the foreclosure auction arena. Not only is Daniel a legal expert, but he's also an investor who navigates the intricacies of tax auctions with finesse, leveraging specialized assistance to secure lucrative deals.
A Legal Luminary in Real Estate
Daniel's journey into real estate law began with a fervent passion for serving clients embroiled in tax auction properties. He regales us with tales from his early days, including a memorable first deal—a 3-flat nestled in the vibrant United Center neighborhood. Through riveting anecdotes, Daniel provides invaluable insights into the inner workings of tax auctions and the legal intricacies that accompany them.
Navigating Renovations and Deconversions
As Daniel's career evolved, so too did his involvement in real estate ventures. From collaborating with the City on renovation projects to spearheading single-family home deconversions, Daniel's breadth of experience offers a treasure trove of knowledge for aspiring investors. His firsthand accounts shed light on the challenges and triumphs inherent in real estate transactions, serving as a guiding light for those navigating similar paths.
Nuggets of Wisdom: Sourcing Deals and Market Mastery
Throughout the episode, Daniel imparts a wealth of wisdom gleaned from years of dedication to his craft. From the importance of sourcing deals to the relentless pursuit of market knowledge, his insights underscore the importance of diligence and perseverance in the pursuit of real estate success. By grinding to learn the intricacies of your market, Daniel contends, investors can gain a competitive edge that sets them apart in a crowded landscape.
Conclusion: Empowerment through Education
As the episode draws to a close, it's clear that Daniel Kaufman's expertise transcends the realms of law and investment. His unwavering commitment to excellence and relentless pursuit of knowledge serve as a beacon of inspiration for investors seeking to navigate the multifaceted world of real estate. By harnessing the power of education and leveraging specialized assistance where needed, investors can unlock a world of opportunities and pave the way for lasting success.
Watch Straight Up Chicago Investor Podcast Episode 269 in Full Here
Questions We Answer In this Show:
Q. Escape Student Debt Uncover the Untapped Real Estate Auction Strategy!
A. Video
Q. Housing Market Slump Creates Opportunity?
A. Video
Q. Housing Market Slump Creates Opportunity?
A. Video
Show Notes:
03:31 Housing Provider Tip: Routinely check your vacant properties even if the vacancy is temporary.
04:19 Intro to our guest, Daniel Kaufman!
07:11 Starting off in real estate with tax auction properties!
11:05 Bank-owned properties and Daniel’s United Center 3-flat story!
19:07 Tax auction properties.
23:28 Daniel’s next project in the United Center neighborhood!
25:50 Obtaining plans and permits and working with the City.
31:27 Sourcing deals.
35:02 Daniel’s SFH deconversion!
41:49 Daniel’s outlook on Chicago Real Estate.
47:27 What is Daniel’s competitive advantage?
47:51 One piece of advice for new investors.
48:29 What do you do for fun?
48:50 Good book, podcast, or self-development activity that you would recommend?
51:09 Local Network Recommendation?
51:26 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: Daniel Kaufman
Guest Company: D. Kaufman Law
Guest Link: https://kaufmanlawchicago.com/
Other Links for show notes:
Outliers (Book Recommendation)
The Compound (Podcast Recommendation)
James Sheehan (Network Referral)
Show Sponsors:
Looking for a property manager?
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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