In this episode we have on my great friend and business partner Anand Trivedi, managing partner of AUM Capital.  A real estate investment company specializing in value-add multifamily and mixed-use assets throughout the Chicago-land area. 

Learn the details of what it really takes to operate and manage a multifamily real estate portfolio in the city of Chicago.  We'll hear the major issue facing investors today such as Chicago's frustrating tax increases, competing against syndicates and the challenges in sourcing deals at what could be the top of a real estate market cycle.

Tune in and hear as Anand explains what it really takes to navigate a successful boutique investment firm in a state and city with uncertain fiscal problems.  He also shares the growing pains of being an operator and how having a defined set of principles has allowed him to resolve the many issues that arise.  As he states, "we are in the firefighting business" where in addition to trying to grow a successful portfolio we are also faced with having to iron out problems before they escalate.

If you are looking to invest in real estate, or are already an operator, this is a podcast you do not want to miss.

In this episode we dive into the world of real estate development with Michael Skoulsky, president of Stas Development.  Here we listen to a step-by-step break down of the critical thinking behind each new project which includes site selection, underwriting, zoning, financing, development and disposition.  His projects have shaped the landscape of Chicago's hottest neighborhoods like Roscoe Village, Wicker Park, Ukranian Village, Noble Square, Lincoln Park and Logan Square.  Listen as he shares his latest plan to rescue and transform a 116 year old Catholic church into luxury residential units and the challenges he's faced along the way. 

When NBC's Chicago P.D. approached Mike to shoot at his first real estate project little did he think the scene they shot would soon become a reality.  Hear his story as he finds out while on the airplane headed to vacation that catastrophic events, similar to the shoot, were unfolding.  Also, learn about the surprises behind the walls and how he still manged to successfully sell the project.

Guest:  Michael Skoulsky (developer)
Instagram: https://www.instagram.com/847mike/
Company: Stas Development
http://www.stasdevelopment.com/
Instagram: https://www.instagram.com/stas_development/

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Check out our Partners: 

El3ment Studios 
About: Full service media production company
https://el3mentstudios.com/
Instagram: https://www.instagram.com/el3mentstudios
Facebook: https://www.facebook.com/el3mentstudios/

Goldbay Advisors
About: Servicing middle-market commercial real estate
https://goldbayadvisors.com/
Instagram: https://www.instagram.com/goldbayadvisors
Facebook: https://www.facebook.com/GoldBayAdvisors/

AUM Capital 
About: Acquiring value-add multifamily deals throughout the country.
Instagram: https://www.instagram.com/aumcapitalllc/
Facebook: https://www.facebook.com/aumcapitalllc/

On this episode we are fortunate to have two guests on the show.  The first is my business partner Alexander Stoyanov, managing partner and founder of Goldbay Advisors.  We also have on a special guest Naser Ahmed, president of Yafa Construction and Development.

Tune in to learn more about the commercial real estate industry as Alexander explains the secrets on how he managed to broker over 1,000 units in the first year of business. Get an inside peek at how he is currently sourcing and servicing institutional clients and investors.  We will hear about the challenges facing the industry and what he is doing differently to address and resolve those problems.  He will also share with us the journey from starting as a residential broker to opening a boutique commercial real estate firm and brokering one of the states largest non-portfolio transactions.

If you have ever thought about becoming a real estate developer then you are in for a special treat.  Listen as Naser explains all of the intricate challenges facing developers from politics, community groups and contractors to zoning changes, timelines and budgets. He explains the importance of building banking relationship and being bankable. He also gives us an uncut and unfiltered look at the challenges he has had to face on his road to success from going to single family rehabs to a multi-million dollar mixed use development.

In this episode you'll learn about how having consistency, discipline and faith can help you achieve some of your greatest goals.  You'll hear about the personal sacrifices that were taken in order to make a long distance love relationship work and how having faith in uncertain times, coupled with tenacity, allowed dreams to become realized.  Jonathan shares his personal life experiences about starting a family at the early age of twenty while being financially broke, to co-founding with his college buddies a multi-million dollar real estate investment firm and commercial brokerage that has successfully brokered on over 1,000 units in their first year of business.