Oct 15, 2020
In this week’s episode, Sean Morrissey of Chicago Realty Group LLC breaks down investing in and around Aurora, focusing on the downtown redevelopment taking place to bring the old riverboat city back into the spotlight. Aurora is full of diverse opportunities, including tax credits, and unique zoning discrepancies that allow the clever investor the ability to redevelop mis-zoned land. Sean also explains how certain parts of Aurora fall into neighboring town school districts, which allow for pockets of strong investment opportunity.
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Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Sponsor: Smith REO
Guest: Sean Morrissey of Chicago Realty Group LLC
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Guest Questions
Landlording Tip of the Week 2:15
Guest Intro 5:00
Can you explain what the rent to price ratio of 1.0? 5:50
Tell us about the housing in Aurora and the surrounding area? 7:20
What is your investment strategy in Aurora? 9:30
Are there Opportunity zones in Aurora that are better than others? 12:25
Can you explain what the redevelopment of downtown Aurora looks like? 13:25
Can you explain TIF districts? 17:15
How do the good school districts in other towns affect the aurora residential market? 22:15
What kind of opportunities are you seeing there? 24:30
What’s the rental market in Aurora like and how do rental licenses work? 26:00
What are some nuances an investor might have to look out for? 30:00
How do you think Aurora will come out of COVID? 34:40
Wrap Up Questions
What’s your competitive advantage? 35:45
What’s one piece of advice you’d tell a new investor in the area? 36:45
What do you do for fun? 38:00
Can you give us a good self development activity you use? 38:40
Who would you recommend in your network as a quality resource? 40:21
How can we learn more about you? 41:38
That’s our show, thanks so much for listening!
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Production House: Flint Stone Media
Copyright of Straight Up Chicago Investor 2020.