Straight Up Chicago Investor Episode 430: From Flipping Neighborhood Warehouses to Multifamily Rentals: Rapid REI Growth with Reed Meyer
Reed Meyer, founder and managing broker at Lease312, shares top tier leasing advice and how connecting with mentors has propelled his real estate journey's growth at such a young age!
Reed starts off by detailing the process of acquiring his first property; a 3-unit house hack in Logan Square. He talks about purchasing an industrial warehouse and flipping it for double the price in just 45 days! Reed shares golden insights on apartment listing marketing, leasing, and tenant expectations in prime North Side neighborhoods. To conclude, Reed gives a 5 year outlook on his business goals and Chicago's residential rental market!
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Guest: Reed Meyer, Lease312
Link: Reed's LinkedIn
Link: SUCI Ep 421 - Alec Greenberg
Link: SUCI Ep 259 - Sal Becovic
Link: SUCI Ep 22 - Matt Fritzshall
Link: SUCI Ep 51 - John Westbrook
Link: Gabe Horstick (Network Referral)
Link: Zeckendorf Autobiography
Guest Questions:
01:56 Housing Provider Tip - Get great pictures, get floor plans, and be responsive to optimize leasing of apartments!
03:15 Intro to our guest, Reed Meyer!
06:45 Reed's first house hack.
11:37 The nuances of industrial property investing.
16:40 Reed's transition from corporate to real estate full time!
22:12 Top leasing mistakes by landlords.
29:15 Jumping into a 5-unit house hack!
34:00 Tenant expectations in Lakeview.
40:50 Outlook on the Chicago leasing market and rent growth!
42:52 Reed's 5 year business outlook.
45:43 What is your competitive advantage?
45:53 One piece of advice for new investors.
46:10 What do you do for fun?
46:54 Good book, podcast, or self development activity that you would recommend?
47:26 Local Network Recommendation?
48:08 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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