ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Finding Wins In The Windy City-Part 1

Updated on January 12, 2012

Day One of Four Wrap Up

Chicago is one of my favorite cities to visit when I'm working with students due to the vast amount of quality sporting events and cuisine that I can enjoy after working with my students. Oh, and yeah, there are plenty of great deals that can be found in Chicago. I knew from previous visits that we would find plenty of "Wins In The Windy City!"

After getting a little R and R from spending Saturday night and all day Sunday recharging my batteries from a busy previous week in Los Angeles with 1:1 student, Jeremy Streeter (www.WeCloseNotes.com). Monday rolled around and I found myself making the short commute from my hotel in La Grange to Berwyn, Illinois. I met my 1:1 coachng student, Andrew Teutsch. Andrew just recently retired from Wrigley and was a relatively new, full-time student who had been a studying for several years, but was now ready to transition to investor.

We spent the first hour visiting (we had spoken for several hours on the phone prior to me coming out so it wasn't like I didn't know Andrew) and identifying along with outlining what we would be focusing on for the four days at hand. Day one would be spent putting together and scheduling interviews for potential team members for Andrew's team along with focusing on marketing and finding private money for Andrew's potential deals.

We made several phone calls to realtors that were listed on the Chicago Creative Investors Association (www.cciainfo.com) website, along with calling a few realtors that we found on Craigslist.com advertising themselves as investment realtors. One of the five called us back and recommended that we meet with one of his colleagues who worked in DuPage County. We set up an appointment to meet with him the following morning.

We then posted several Craigslist ads for Andrew to raise private money, attract other wholesalers, along with finding lease option/owner financed buyers. We also reviewed the posted ads and were able to identify two hard money lenders that had preferential terms. Andrew pulled out a list of nationwide hard money lenders that the CCIA club had given him. I made a few phone calls off of the list and was able to track down three mini pools of REO's in Atlanta, Illinois, and in Texas from one hard money lender!

After getting the tapes in, I explained to Andrew how he could put these under contract with nothing out of his pocket with a non-exclusive option agreement and market the properties to other investors and make a nice wholesale fee on each property purchase. He loved that idea and so we immediately contacted several other local 1:1 students for them to review the tapes for any properties that they might like along with requesting referrals for a local title company and some local private investors.

After reaching out to a few other investors, Andrew pulled up his website. We identified one lead off of the submitted leads and were able to get in touch with the seller who submitted the lead. It turned out Roseanne (the seller) was open to several creative ways of making the deal work and we found out she was a very active bankruptcy attorney. We decided to go take a look at her condo and set up an appointment to visit with her on Thursday morning. We were really excited to make that contact as it could lead to a lot of quality leads for Andrew later on.

We decided to wrap up the day around 6:00 pm so that we could make the drive up to Uno's in Chicago for some AWESOME deap dish pizza! Let's just say that after one slice of heaven I was stuffed, but I had breakfast for the next morning! Andrew was excited about Day 1 and what we had lined up for the rest of the week! Stay tuned to find out how we found a few more wins in Chicago, and I'm not just talking about the Blackhawks, Bulls, Cubs, or White Sox!

Oh, and I was able to line up sweet mid-court seats to Game 6 of the Chicago Bulls and Boston Celtics playoff game on Thursday night! Now if I could only line up a date! We'll see how that goes and if I can pull a rabbit out of a hat! Anyway, it promises to be a fun time, and another check off of my bucket list!

Andrew Teutsch-Real Estate Investor

Andrew Teutsch
Andrew Teutsch

Day One Wrap Up

Comments

    0 of 8192 characters used
    Post Comment

    • LorenaGerlach profile image

      LorenaGerlach 

      9 years ago from Dallas, TX

      Can't wait to hear more about Andrew's time with you!

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)