Episode 89: My Tenants Stole My Car; The Chicago House Hack from Hell with Joey Pochinskas

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By Mark Ainley and Tom Shallcross and Straight Up Chicago Investor. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

In episode 85, David Geen said househacking is the Stephen Curry cheat code of real estate. Many folks agree and have leveraged this strategy to kick off successful REI careers. However, there are real risks that arise the moment you become a housing provider.

Today’s guest, Joey Poshinskas, is an extremely resilient househacker who persevered through numerous obstacles to stabilize his building. Hear Joey’s outrageous tenants horror stories, how he handled each situation, and how he ultimately learned from the process. Listen in on a great episode with Joey and find him on instagram at reijoey. If you enjoyed today’s episode, take a quick moment to leave a review and share us with a friend.

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest: Joey Pochinskas | Instagram (@REIJoey)

Link: Vivid Vision: A Remarkable Tool For Aligning Your Business Around a Shared Vision of the Future

Sponsor: Prime Lending Sponsor: Appeal.tax

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Guest Questions

Intro 4:45

FHA 203K Loans? 12:30

Challenges with 203k loans? 17:30

Get deposits to verify income.23:40

10 months into the house hack, what now? 32:20

How have these issues impacted your view of real estate investing? 33:40

Wrap Up Questions

Competitive advantage? 37:15

Advice for new investors? 38:20

What do you do for fun? 38:45

Self development recommendations? 39:20

That’s our show! Thanks so much for tuning in!

If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/.

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Production House: Flint Stone Media

Copyright of Straight Up Chicago Investor 2021.

105 episodes