House Hacking Your Way To Lasting Wealth with Paul de Luca

House Hacking Your Way To Lasting Wealth with Paul de Luca How House Hacking Has Changed Paul de Luca’s Financial Future Buy and Hold Rentals, House Hacking, Property Management, Rehabs, Tenant Relations, Low Money Down Paul de Luca of The Axon Group joins us to provide great insights on leveraging house hacking to grow a portfolio and how to succeed as an investor-friendly real estate agent! Paul jumps right into the nitty gritty of his first couple house hack deals! He gives tips on getting off the ground as a new real estate agent and the 101 on Chicago non-conforming units. Paul shares how he handled various troublesome tenants and provides his take on emerging neighborhoods where he’s investing! Throughout the episode, Paul demonstrates how focus and taking action have been keys to his investing success! 00:00 Active projects, design choices, and rehab budgets 03:05 Housing Provider Tip: Adding central AC to boiler buildings to increase rent and reduce vacancy 04:19 Meet Paul De Luca – Axon Group broker and house hacker 08:12 First Berwyn duplex, pricing mistakes, and early lessons 12:23 Second Berwyn two-flat, mentorship under Jake Feman, and getting licensed 15:52 Leaving his W-2 job with $50K saved and first commission check 21:02 Belmont Cragin three-unit: non-conforming attic, bed bugs, and tenant issues 27:40 Comparing Berwyn vs. Belmont Cragin tenant profiles 31:07 Life as a live-in landlord and enforcing the lease fairly but firmly 34:08 Current focus neighborhoods: Portage Park, Belmont Cragin, Brighton Park, North Austin, Little Village 36:11 Setting realistic expectations with new house hackers 39:16 Axon Group’s growth to 22 agents and $76M+ in volume 40:33 Paul’s five-year plan: more house hacks, flips, and selective client work 43:19 Chicago’s outlook: bullish on affordability and two-to-four unit advantage 46:40 Lightning round: competitive advantage, advice, resources, and recommendations Join us as we share our winning strategies, success stories, obstacles we've encountered, and most importantly, the lessons we have learned along the way. If you are ready to learn the ins and outs of the investing in Chicago and suburbs. SUBSCRIBE: http://ow.ly/pNzU50BFJtU Got an idea for the show? Shoot us an email at straightupchicagoinvestor@gmail.com Follow us behind the scenes on Instagram: http://ow.ly/lquy50BGadL Make our acquaintance on our Club: http://ow.ly/RZvr50BGaei Give us a shout on Facebook: http://ow.ly/Qqr350BGaeM Visit our world directly: https://www.straightupchicagoinvestor.com/ Listen to the 𝗦𝘁𝗿𝗮𝗶𝗴𝗵𝘁 𝗨𝗽 𝗖𝗵𝗶𝗰𝗮𝗴𝗼 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿 𝗣𝗼𝗱𝗰𝗮𝘀𝘁 on your favorite streaming service: http://ow.ly/lI7050BGafp