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Episode 281: One of the First Investors to Leverage The New 5% Down Lending Product on a Successful Househack With Brendon Heneks and Sarita Scherpereel

By Mark Ainley

Brendon Heneks of Team Facchini at Fairway Mortgage discusses the purchase of his first multi-family property under the guidance of his agent Sarita Scherpereel!

Brendon starts by sharing his buy box and how he was ready to pounce when he found the right property. Brendon and Sarita share great insights on how to jump at opportunities when the competition is fearful. Brendon explains worrisome moments and lessons learned during the purchase of his househack both before and after closing. Brendon breaks down the new 5% down lending product that everyone is talking about but few investors have actually utilized. This show is full of great tips for aspiring househackers and seasoned investors alike!

If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content!

03:20 Housing Provider Tip - Consider upgrading landscaping during the spring season.

04:36 Intro to our guests, Brendon Heneks and Sarita Scherpereel!

09:12 Brendon’s househack search!

11:08 What to know about gift funds.

14:15 Brendon’s buy box!

19:50 Opportunities in higher market time properties.

25:50 Mindset of buying in a higher interest market.

31:04 Worrisome moments while under contract!

39:36 Brendon’s lessons learned after his first multi-unit purchase.

40:44 Outlook on Chicago.

45:11 What is your competitive advantage?

46:16 One piece of advice for new investors.

46:54 What do you do for fun?

47:13 Good book, podcast, or self development activity that you would recommend?

48:10 Local Network Recommendation?

49:10 How can the listeners learn more about you and provide value to you?

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Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest Name: Brendon Heneks & Sarita Scherpereel

Guest Company: Fairway Independent Mortgage

Guest Links: https://www.fairwayindependentmc.com/lo/brendon-heneks-1778477

https://www.saritasells.com/

Other Links for show notes:

SUCI Ep 238 - Mike Facchini

SUCI Ep 247 - Sarita Scherpereel

Millionaire Next Door (Book Recommendation)

Ken (Inspector Referral)

Show Sponsors:

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Real Estate Agent Accelerator Course

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Author

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Mark Ainley
Investor, Managing Broker, and Property Manager
Price is what you pay, Value is what you get! I want to provide value to others and make some money along the way. I have a solid foundation in Chicago real estate because I am a Real Estate investor in both Residential and Commercial/Industrial markets while being a founding partner at GC Realty & Development LLC and co-host of Straight Up Chicago Investor Podcast. In the last 20 years we renovated 500+ properties, invested in commercial properties, managed over 7000 units/tenants, leased...
Price is what you pay, Value is what you get! I want to provide value to others and make some money along the way. I have a solid foundation in Chicago real estate because I am a Real Estate investor in both Residential and Commercial/Industrial markets while being a founding partner at GC Realty & Development LLC and co-host of Straight Up Chicago Investor Podcast. In the last 20 years we renovated 500+ properties, invested in commercial properties, managed over 7000 units/tenants, leased over 4,000 properties, featured on CNBC’s TV show The Deed, co-host on Chicago's AM560 Real Estate Revealed Radio Show, and invited to speak & sit on panels at numerous investment summits across the country. I have also been blessed with the opportunity to be a guest on over 30 top podcast platforms. GC Realty & Development, LLC, currently manages over 1,200 investment properties throughout the Chicagoland area. In 2019, 2020, 2020 and 2022, GCR&D was featured on the Inc. Magazine list of top 5,000 fastest growing companies in the United States. I take great pride in providing valued feedback to beginners and less experienced entrepreneurs on what steps not to take or what steps to take sooner in growing a younger business.
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