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Business Philosophy

Our business philosophy is to genuinely try to help everyone we deal with, even if that means at times putting our own interests second.  We are committed to the principles of fair dealing, providing complete transparency, and bringing real value to the table. Consistent with this, we do not employ high pressure or misleading tactics of any sort.

Our Team

Rick Hungate is the founder and President of HRE Ventures. Rick has over 25 years of experience in real estate and finance, including senior and managerial positions at both boutique and large Chicago-area firms. In addition to real estate investing, his background includes commercial credit underwriting, investment advisory services, equity trading, and foreign exchange trading.

Rick Hungate

Rick currently resides in Joliet, IL with his wife and two children.  In addition to real estate, Rick is passionate about history and education and has taken time out from his business career to pursue advanced degrees and teach history and government at two local community colleges. While real estate and history are his twin passions, Rick also enjoys travel, sports, fitness, cooking, outdoor activities, and spending time with his family.

Steve Kalafut brings more than 30 years of experience in all aspects of residential construction to the team. Without his experience and commitment, we would not be able to offer the services we do. Steve manages all of our construction projects, up to 10 at at time, while overseeing multiple crews and tradespeople.  

Steve Kalafut

Ted Silva is another key piece of our team. As a retired police chief and private investigator with decades of experience, Ted excels in identifying, locating and contacting vacant property owners, while maintaining the highest standards of propriety. He can be reached directly at 815-242-1254  (call or text) or by email at

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Ted Silva
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