Jul 17, 2018
Originally from Houston, Weston Harding was about to move to
Dallas for a job. Before his supposed move, he had a serious
conversation with his father over lunch and was advised to
explore another big city. He wound up moving to Chicago, where he
took a one-day mentorship with Harold E. Eisenberg Foundation
resulting to a career in the commercial real estate. Fast forward
and Weston has become well-respected in the Chicagoland real
estate and sits on the board of directors of the reputable
foundation. Geared with expertise and knowledge, he founded X Plus
Real Estate in 2011, the no. 1 seller of 2-4 unit property in
Chicago to date. Without holding back, he shared about 2-4 unit
properties, hot neighborhoods and financing advantages on this
episode.
Key Market Insights
- Moved
to Chicago from Houston to explore another big city as advised by
his father
- Worked for Essex Group, which introduced him to
2-4 unit property
- As
President, founded X Plus Real Estate in January 2011
- No. 1
seller of 2-4 unit property in Chicago
- Couldn’t keep up with the number of clients,
end up losing some to competitors
- Hired
employees to disseminate tasks and provide quality
service
- Sold
$20 million dollars plus of real estate in 2017
- Ranked number 62 out of 15,000 realtors in
Chicago
- 80%
of current buyers are house hackers
- Buyer’s vision: Live in one unit have the other
2-3 units pay off the mortgage
- 2-4
unit property: Alternative way to living for free, and earning
passive income
- House
Hacking Tips: Screen tenants, identify building and property needs,
secure property funds for maintenance and repairs
- 60618
zip code: Avondale, Irving Park, Roscoe Village is the number one
seller in 3-4 unit properties for the last four years
- Hot
Sub-Market: Areas along the blue line train, a natural draw for
renters
- Number one driver: Updated Home Possible Loan
Program by Freddie Mac - stretches loan limit up to $870,000
available anywhere in Chicago
- Pilsen: Emerging art community lots of
buildings and giant murals
- Continuous growth and development in the
Southside area. Prices remain significantly lower up to
date
- Provides proforma which includes current rents,
projected returns, etc. on every single property available in X
Plus Real Estate
Bull’s Eye Tips:
Winning Your Market:
Getting out there and actually getting into it.
Tracking Marketing
Changes: Getting together for coffees and lunch with other
people doing things in the area.
Daily Habit: Get up
early. If you can, be the first person in the office and the last
person to leave.
Resources:
Home Possible Loan Program
Book
Recommendation:
Never Eat Alone by Keith Ferrazzi
Digital Resources
Easy Texting Software
Tweet This:
“Get off the couch. Get out from
behind your computer, and go look at properties.” - Weston
Harding
“When you make a mistake, you
have something very big to learn.” - Weston Harding
Places to Grab a Bite:
Staropolska
Connect with Weston:
www.xplusrealestate.com
westonharding@xplusrealestate.com
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