How to Quit Your W2 After 1 House Hack with Moises Correa

00:00 – Intro & Market Updates: Mark shares GC Realty growth, new hires, and active investments, including a Schaumburg sale-leaseback and Huntley industrial acquisition. 02:37 – Housing Provider Tip: Don’t “get creative” with leases—stay compliant with Chicago’s RLTO or Cook County RTLO and always use a local real estate attorney. 03:44 – Guest Intro: Meet Moises (Mo) Correa, founder of Proximal Equity Group, who scaled from house hacking to over 200 multifamily units. 04:24 – First Deal Story: Mo buys his first Avondale two-flat in 2020, lives in the non-conforming in-law, faces tenant issues, experiments with Airbnb, and learns the importance of insulation and screening. 12:46 – Leaving the W2: After a successful refi and savings cushion, Mo leaves his investment job to pursue real estate full-time, emphasizing timing, calculated risk, and support from his fiancée. 22:26 – Networking That Pays: Mo sends 100+ emails and takes countless coffee meetings—building relationships that later turn into partnerships and capital sources. 29:36 – Louisville Acquisition: Mo’s first large multifamily deal—160 units bought at $55k per door, raising $4.1M and achieving ~30% rent growth through conservative underwriting and strong local partners. 43:22 – Scaling to 200 Units: Adds a 40-unit adjacent property to the Louisville portfolio, creating management efficiency and value through scale. 49:14 – Fort Wayne Off-Market Deal: Locks up a 168-unit LIHTC property before it hits market, leveraging local insight, speed, and creative deal structure. 57:11 – Key Advice: Surround yourself with the right partners, stay consistent, and don’t overanalyze your first deal—execution and learning matter more than perfection. How to Quit Your W2 After 1 House Hack with Moises Correa Moises Correa Explains Going From House Hack To Syndicating 200+ Apartment Deals Buy and Hold Rentals, Apartment Buildings, Out of State Investing, Capital Raising, Partnerships Episode description EXACTLY as you want it to appear on the website: Moises Correa, Principal of Proximo Equity Group, leads a team that specializes in value-add multifamily real estate across the Midwest. Moises provides the ins and outs of his first couple house hacks in Avondale and how he burned the boats and left his W2 job after the first one! He explains how he formed partnerships to purchase a large multifamily building in Louisville, KY and gets granular on the due diligence process. Moises shares great insights on capital raising and structuring partnerships to be able to take down these large acquisitions. He breaks down how he leveraged a broker relationship to acquire a deal in Fort Wayne, IN well below market value. This episode showcases how building a team and fostering relationships can truly pay dividends in REI! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! 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