Episode 7: Over 500 Rehabs on the Southside of Chicago with Bryan Sonn

May 29, 2020

Nothing kills a real estate investing career quicker than a horrendous rehab experience that spirals from the original budget and timeline. In this episode, Bryan Sonn gives golden advise on how to avoid this scenario and ultimately scale your construction process.  Bryan has a skill for people that has earned him a consistent network of quality workers. This network, combined with his proven approach to streamlining the rehabilitation process has saved his investors a tremendous amount of money and frustration. 

 

Bryan shares some great stories, lessons learned, and wisdom for everyone looking to create value through rehabbing properties in need. His experiences in some of the tougher areas of the city have prepared him for anything and everything. Share Bryan's story with a friend, and if you liked what you hear, don't forget to subscribe and leave a review!

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Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: [e-mail]

Guest: Bryan Sonn of GC Realty & Development

Never Lose Another Customer:  https://www.amazon.com/Never-Lose-Customer-Again-Lifelong/dp/0735220034

Who moved My Cheese: https://www.amazon.com/Moved-Cheese-Spencer-Johnson-M-D/dp/0743582853

Contact Bryan:  [e-mail]

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Guest Intro 3:25

Guest Questions

Where are the majority of the properties you’ve rehabbed over the years? 4:40

Why do you need a house sitter or security for your rehabs? 8:00

What did you do to find quality contractors, and how did you keep them working? 14:00

What advice would give to someone looking to build a team of contractors? 19:25

How did you finance the rehabs? 22:50

How does your mindset change from the first property to the 500th? 26:40

Why do you think it’s important that you control the rehab materials instead of contractors? 29:00

What’s the importance of partnerships in real estate investing? 34:40

What’s the oldest home you’ve ever rehabbed in Chicago? 36:42

Wrap up questions

What advice would you give someone about to invest South Deering? 38:12

What’s your competitive advantage? 39:00

Any advice for new investors? 39:38

What do you do for fun? 40:35

Any self development product you’d recommend? 41:00

Who would you recommend in your local network? 42:00

Would you ever do another reality TV show? 42:32

How can people get a hold of you? 43:00

Thanks for listening! If you found this episode useful, leave us a comment and hit that like button, it helps us out tremendously!

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Production House: Flint Stone Media

Copyright of Straight Up Chicago Investor 2020.