Sam Patterson is a successful Commercial Real Estate Broker, Investor, and Restaurant Owner with vast experience in renovation and property management!
Sam opens with his experience in commercial real estate receiverships and his start in investing! He touches on structuring and leveraging partnerships to scale a real estate portfolio. Sam discusses ins and outs of DeKalb including the housing stock and the investment opportunities. In sharing his project experiences, Sam speaks to seller financing, TIF funds, and various other concepts to add to your real estate toolbox!
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03:39 Housing Provider Tip - Take precautionary measures to deal with Chicago’s frigid temperatures!
05:40 Intro to our guest, Sam Patterson!
08:41 Crazy receivership stories and becoming an investor!
19:48 Why invest in West Chicago?
23:01 Structuring a partnership.
29:57 DeKalb’s housing stock and investment expectations.
38:38 How TIF funds work!
41:13 Surprises on a large commercial property renovation!
44:16 An overview of Sycamore.
50:24 Refinance terms on a commercial loan.
53:17 What’s next in Sam’s investment journey?
58:24 What is your competitive advantage?
59:19 One piece of advice for new investors.
60:11 What do you do for fun?
60:49 Good book, podcast, or self development activity that you would recommend?
61:32 Local Network Recommendation?
62:11 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: Sam Patterson
Guest Company: RVG Commercial Real Estate Services
Guest Link: https://www.linkedin.com/in/sam-patterson-23805028
Other Links for show notes:
Sam’s Email: spatterson@rvgcommerical.com
Sheela Prahlad (Lender Referral)
