Apr 20, 2023
Ignacio Gonzalez joins us to explain everything you need to know about the neighborhood he was born and raised in, and currently invests in; Back of the Yards!
Ignacio jumps right in by explaining how he started investing in
the neighborhood and defines its geographical borders. He shares
lessons learned from his first (over budget and over schedule)
rehab project and other large gut renovations that he’s taken on.
He provides insight on the explosive growth of property and rent
values along with his forecast of Back of the Yards’ trajectory.
Throughout the show, Ignacio emphasizes the importance of knowing
your community and the satisfaction that comes with being a
contributing member to a community’s
growth!
If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content!
Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest: Ignacio Gonzalez, Beyond Legacy Homes
Link: SUCI Ep 202 - Ben Sussman
Link: Living with the Monks (Book Recommendation)
Link: Beyond Legacy Website
Link: Beyond Legacy Instagram
Link: Dream Catcher Cafe Website
Sponsors: Midwest RE Networking Summit and Essex Realty Group
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Guest Questions
03:08 Housing Provider Tip: Be mindful of tenant notice requirements and plan accordingly!
05:28 Intro to our guest, Ignacio Gonzalez!
06:17 How did Ignacio get started in Back of the Yards?
08:17 What are the borders of the Back of the Yards neighborhood?
10:55 Ignacio discusses his return to Back of the Yards!
18:30 What motivated Ignacio to keep going after his rocky first project?
24:27 Ignacio discusses rent growth in Back of the Yards!
28:34 Lessons learned from large rehab jobs.
38:38 How is Ignacio influencing his peers to invest in Back of the Yards?
40:25 Ignacio discusses his upcoming coffee shop!
44:15 What is Ignacio's competitive advantage?
44:40 One piece of advice for new investors.
45:05 What do you do for fun?
45:32 Good book, podcast, or self-development activity that you would recommend?
46:24 Local Network Recommendation?
47:04 How can the listeners learn more about you and provide value to you?
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Production House: Flint Stone Media
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