Episode 377: This is How Grit Can Take You Further in Chicago Real Estate with Daniel Baker
Release Date: 05/29/2025
Straight Up Chicago Investor
Properties for Sale on the North Side? We want to buy them. Email: Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: ============= Kevin Werner, CEO of Renovo Financial, has over 20 years of experience building and scaling successful lending companies! Kevin discusses his start in the lending business including his first company that did not survive the Great Financial Crisis. He shares lessons learned from...
info_outlineStraight Up Chicago Investor
Properties for Sale on the North Side? We want to buy them. Email: Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: ============= Rory Rubin shows us first hand how S.I. Container Builds is bringing high quality, low maintenance steel dwellings to help solve the housing supply shortage! Rory jumps right with a recap of modular housing and the advantages it brings over traditional brick and wood housing...
info_outlineStraight Up Chicago Investor
Properties for Sale on the North Side? We want to buy them. Email: Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: ============= How can I prepare my existing property to add an ADU? 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: Email the Show: Guest: Prashanth Mahakali, Link: ...
info_outlineStraight Up Chicago Investor
Properties for Sale on the North Side? We want to buy them. Email: Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: ============= Wonderful Togbey joins us to explain how he’s grinded to build a rental portfolio of 20 doors and is actively scaling! Wonderful shares his start in REI back in Omaha, Nebraska. He breaks down a deal in Bronzeville that closed right at the onset of COVID that came equipped with...
info_outlineStraight Up Chicago Investor
Properties for Sale on the North Side? We want to buy them. Email: Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: ============= Daniel Baker, owner of Teton Properties, explains how he’s built a portfolio with strategic house hacks and value-add renovations. Daniel discusses his move from Memphis to Chicago to get started in real estate. He shares some hilarious stories on househack value-add projects and...
info_outlineStraight Up Chicago Investor
Properties for Sale on the North Side? We want to buy them. Email: Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: ============= How Can I buy a new property before selling my existing property, while still not having my offer contingent on the existing sale? 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...
info_outlineStraight Up Chicago Investor
Properties for Sale on the North Side? We want to buy them. Email: Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: ============= Real Estate Nate shares how he has accumulated 26-units with healthy cash flow all while having a demanding W2 job! Nate shares lessons learned from his first few deals and compares small vs large multifamily buildings. He explains how he and his wife leverage their high-income W2...
info_outlineStraight Up Chicago Investor
Properties for Sale on the North Side? We want to buy them. Email: Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: ============= Corey Oliver, CEO of Strength in Management, is back three years later to share additional insights on managing in C/D neighborhoods. Corey starts by discussing recent compression of cap rates and investment financials in Chicago C/D class neighborhoods. He gets granular on...
info_outlineStraight Up Chicago Investor
Properties for Sale on the North Side? We want to buy them. Email: Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: ============= How can Chicago investors fund rehabs for 2-4 unit properties? 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: Email the Show: Guest: Perry Farella of Link: ...
info_outlineStraight Up Chicago Investor
Properties for Sale on the North Side? We want to buy them. Email: Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: ============= Kevin Schnell of Concord Capital has amassed a portfolio of over 400 rental units and has vast experience repositioning multi-family and mixed-use real estate investments! Kevin hits the ground running with how he grinded early in his real estate career to learn his markets and...
info_outlineProperties for Sale on the North Side? We want to buy them. Email: [email protected]
Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: GCRealtyInc.com/tenant-placement
Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: GCRealtyinc.com
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Daniel Baker, owner of Teton Properties, explains how he’s built a portfolio with strategic house hacks and value-add renovations.
Daniel discusses his move from Memphis to Chicago to get started in real estate. He shares some hilarious stories on househack value-add projects and getting extremely gritty to get projects to the finish line. He then breaks down a deal that closed right at the onset of COVID in 2020. Throughout this episode, Daniel gives numerous examples of how getting scrappy and persevering can be a competitive advantage that pays huge dividends.
If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content!
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Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: [email protected]
Guest: Daniel Baker, Teton Properties
Link: How to Win Friends and Influence People (Book Recommendation)
Link: Snowball (Book Recommendation)
Link: Jen Fritzshall (Attorney Referral)
Link: SUCI Ep 22 - Matt Fritzshall
Guest Questions
02:08 Housing Provider Tip - Consider making professional carpet cleaning a move-out requirement for tenants!
04:23 Intro to our guest, Daniel Baker!
07:35 Getting started in real estate with Marcus & Millichap.
18:46 Purchasing a Lincoln Square 4-Flat after a few house hacks!
26:48 Daniel’s top lessons learned after his first few projects!
29:41 Jumping into a deal with COVID looming.
39:33 Closing a deal while getting laid off!
44:40 What’s next for Daniel?
47:48 Daniel’s outlook on Chicago!
50:43 What is your competitive advantage?
51:11 One piece of advice for new investors.
51:30 What do you do for fun?
51:51 Good book, podcast, or self development activity that you would recommend?
52:22 Local Network Recommendation?
49:10 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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