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In an enlightening episode of the Straight Up Chicago Investor Podcast, we are joined by Edgar Barbosa, an investor and realtor dedicated to helping clients embark on their real estate investment journey. Edgar's unique perspective, shaped by his military background, offers listeners a profound insight into the lessons learned during his service and how he applies them to build wealth through strategic real estate investments.
Military Lessons: A Foundation for Success
Edgar sets the stage by reflecting on his military service, highlighting the resilience and discipline instilled during this challenging period of his life. Listeners gain valuable insights into the lessons learned in the military and how Edgar seamlessly incorporates them into his current lifestyle and real estate investments.
House Hacking in Cicero: Strategic Investment Decisions
Our guest takes us on a deep dive into his first house hack in Cicero, unraveling the decision-making process behind the investment type, price point, and location. Edgar shares the power of the VA loan and his strategic plan to continue leveraging this benefit for future investments. This segment provides aspiring investors with a firsthand account of building wealth through smart and strategic choices.
Condo Investment in Fulton Market: A+ Location Perspective
Edgar walks us through his second investment, a condo in Fulton Market. His perspective on investing in an A+ location offers valuable insights into the considerations that go into choosing prime real estate. Listeners gain a nuanced understanding of how location impacts investment success, and Edgar's experiences serve as a guide for those navigating similar decisions.
The Repeated Theme: Building Good Habits and Discipline
Throughout the episode, a repeated theme emerges—Edgar emphasizes the importance of building good habits and being disciplined. These qualities, he argues, are integral not only to success in real estate but also to a fulfilling life. Aspiring investors are encouraged to cultivate these habits as they embark on their own wealth-building journeys.
Doing Right by Others: A Path to Success
Edgar concludes the episode by underscoring the significance of doing right by others. Whether in real estate or life as a whole, he believes that ethical and considerate behavior is a key component of long-term success. His message resonates with listeners, reinforcing the importance of integrity in all aspects of business and personal interactions.
A Call to Action: Applying Lessons for Success
As the episode wraps up, Edgar leaves listeners with a powerful call to action. Armed with insights into military lessons, strategic investments, and the importance of good habits, discipline, and integrity, aspiring real estate investors are encouraged to apply these lessons on their own paths to success.
Edgar Barbosa's episode on the Straight Up Chicago Investor Podcast is a treasure trove of wisdom for those seeking to build wealth through real estate. From military lessons to strategic investment decisions and the importance of personal habits and integrity, Edgar's experiences provide a roadmap for aspiring investors. Tune in for an inspiring journey that offers practical insights and actionable advice for navigating the dynamic world of real estate and wealth building.
Watch Straight Up Chicago Investor Podcast Episode 254 in Full Here
Questions We Answer In this Show:
Q. The Challenges of the First Week in the Military
A. Video
Q. Using a VA Loan for House Hacking in Real Estate
A. Video
Q. Unexpected Expenses and Surprises in Real Estate Investments
A. Video
Show Notes:
02:50 Housing Provider Tip: Check appliances for roaches and other pests!
04:15 Intro to our guest, Edgar Barbosa!
07:43 Joining the military and lessons learned!
15:13 Life after the military and starting in real estate.
18:26 Edgar’s first househack!
21:02 The Power of the VA Loan.
25:14 Edgar’s second deal.
29:59 Renting to family and friends.
31:29 Fulton Market condo as an investment.
35:57 Edgar’s search for a SFH rehab project.
38:52 Getting a Real Estate license.
42:16 What is Edgar’s competitive advantage?
42:47 One piece of advice for new investors.
43:09 What do you do for fun?
43:18 Good book, podcast, or self development activity that you would recommend?
43:57 Local Network Recommendation?
44:25 How can the listeners learn more about you and provide value to you?
Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest Name: Edgar Barbosa
Guest Company: RE Investors Brokerage
Guest Link: https://linktr.ee/ededdnedgar?utm_source=linktree_profile_share
Other Links for show notes:
Discipline is Destiny (Book Recommendation)
Chicago Investor Resources Shared
What You Must Know About Renting Your Property In Schaumburg
Survival Guide For Self Managers - 15 Tips Chicago Landlords Must Know(Especially House Hackers)
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