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Collete English Dixon has overseen over $8 billion in real estate transactions and joins us to discuss how the industry has changed.
Collete explains how large real estate transactions are different today compared to 25 years ago and discusses the impact that large institutional investors have had on the market. She breaks down the difference between large scale deals and smaller transactions. Collete talks about her transition into the education field and the value offered by her real estate programs at Roosevelt University’s College of Business. She elaborates on the variety of academic real estate offerings by her team and closes by talking about her advisory work with our friends at CIC!
Questions We Answer In this Show:
Q. Is completing a real estate transaction in Chicago different from 25 years ago?
A. Video
Q. Can I get a degree in Residential or Commercial Real Estate Investing somewhere in Chicago?
A. Yes. Compared to 20 years ago you have options and one of those options is the degrees you can earn at Marshall Bennett Institute Of Real Estate at Roosevelt University.
Q. Are there rent ready items I need to consider when taking my planned Chicago flip and change course to turn it into a long term rental?
A. Yes, the items you might focus on when selling vs renting are often different. When selling or flipping a home in Chicago you are worried about curb appeal, flow of the house, quality building material, appealing kitchens, and anything else that will help your Chicago flip get to the closing table faster. With renting, those items are all important and may help you attract potential renters to your rental but you now need to focus on the long term. What has to happen to make this place rent ready? Was it cleaned enough or does it need cleaning again? Did I add door stops to prevent holes in the walls while someone is living there? (Video - Chicago Flippers Transitioning To Renting May Not Have a Rent Ready Product)
Show Notes:
02:30 Housing Provider Tip: Consider items required to make your flip project rent ready if necessary!
05:13 Intro to our guest, Collete English Dixon!
06:49 What attracted Collete to real estate?
08:05 How are real estate transactions different now compared to 25 years ago?
12:53 How has capital from large institutional investors impacted small investors?
14:35 What’s different about large commercial transactions when compared to smaller multifamily and/or residential transactions?
19:58 Collete shares some hiccups she’s seen in dispositions of large commercial assets!
22:35 Collete talks about investment strategies!
25:42 How did Collete transition into education?
31:00 Who should be looking into the programs at the Marshall Bennett Institute of Real Estate?
39:17 Collete talks about her role within the CIC Board!
42:12 How would Collete tackle the affordable housing issue in Chicago?
47:55 What is Collete’s competitive advantage?
48:28 One piece of advice for new investors.
49:04 What do you do for fun?
49:45 Good book, podcast, or self development activity that you would recommend?
51:18 Local Network Recommendation?
52:00 How can the listeners learn more about you and provide value to you?
That’s our show! Thanks for listening!
Guest Name: Colette English Dixon
Guest Company: Roosevelt University - Walter E. Heller College of Business
Guest Website: https://www.roosevelt.edu/academics/faculty/profile/cenglishdixon
Chicago Investor Resources Shared
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