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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 more than 20 years of experience in real estate and finance. The last 10 in his current position. Prior experience includes commercial credit underwriting, equity trading, and proprietary foreign exchange trading at both boutique and large Chicago area firms. Rick specializes in identifying and resolving complex real estate problems, finding value and creating solutions where others may not see any.

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, Executive Project Manager, is the backbone of or our rehab/construction operation. He brings more than 30 years of

experience in all aspects of residential construction, having managed literally thousands of projects. Prior to joining our team, Steve served as Regional Quality Control Manager at a large national residential remodeling firm. He currently oversees our entire rehab operation, which typically means multiple ongoing projects across several states.

Steve Kalafut

Ted Silva is a retired police chief and private investigator who specializes in identifying, locating, and contacting vacant property owners and heirs. He is a consummate professional with the highest standards of integrity and propriety. Ted 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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