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Episode 344: Finding Success in Sourcing and Renovating Deals with Seasoned GC Boyan Salha

By Mark Ainley

Boyan Salha is a seasoned General Contractor and the leader of his company Best Fit Homes. He joins us to share how he learned to source and renovate deals from working with a large investment group.

Boyan starts by explaining the investing lessons learned by working with a large investment group alongside previous guest Kirby Atwell! He breaks down how he sources and finances distressed properties. He discusses his flipping experiences and how margins have changed over the years. Boyan talks about building relationships with subcontractors and the value that a quality General Contractor brings to their client. This show is full of golden nuggets from the perspective of an investor GC!

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

02:44 Housing Provider Tip - Adjust terms so rentals being marketed in the winter end during the spring/summer rental season.

05:17 Intro to our guest, Boyan Salha.

12:21 Connecting with Kirby Atwell and getting into real estate.

23:51 Starting a General Contracting business!

28:18 Financing distressed properties.

30:42 Transitioning from flips to owning rentals.

39:43 Working as a General Contractor for third parties.

42:31 Growing a team of sub-contractors and the value of a good GC!

48:58 Boyan’s investing strategy in 2024 and outlook on Chicago.

52:58 What is your competitive advantage?

53:30 One piece of advice for new investors.

54:35 What do you do for fun?

55:30 Good book, podcast, or self development activity that you would recommend? 

57:08 Local Network Recommendation? 

58:36 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: Boyan Salha

Guest Company: Best Fit Homes

Guest Link: https://bestfithomes.com/

Other Links for show notes:

SUCI Ep 321 - Kirby Atwell

George Wyatt (Home Inspector Referral)

Patrick Bet David (YouTube Channel)

Atomic Habits (Book Recommendation)


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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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