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In this electrifying episode of Straight Up Chicago Investor, we're joined by Jake Fugman and Mike Scanlon, luminaries of The Axon Group, as they unveil their five bold predictions for the 2024 real estate market. From interest rates to emerging neighborhoods, Jake and Mike offer invaluable insights that promise to give Chicago investors a competitive edge in the year ahead.
Forecasting Interest Rates
The episode kicks off with the million-dollar question: what will interest rates do in 2024? Jake and Mike don their forecasting hats and share their expert opinions on the trajectory of interest rates, shedding light on how this pivotal factor will influence investment decisions in the coming months.
Identifying Growth Hotspots
In a city as dynamic as Chicago, identifying neighborhoods poised for exponential growth is key to maximizing investment potential. Jake and Mike highlight asset classes and neighborhoods that are primed for significant expansion in 2024, offering invaluable guidance to investors seeking lucrative opportunities in the market.
Condo Investments: The Turn-Key Advantage
For investors eyeing turn-key, low-maintenance investments, the discussion turns to areas with exceptional opportunities for condo investments. Jake and Mike dissect the landscape, pinpointing neighborhoods where condo investments hold immense promise for robust returns and long-term stability.
Navigating Commercial Real Estate
As the conversation unfolds, Jake and Mike delve into the realm of commercial real estate, offering insights into where cap rates are headed and sectors that may encounter turbulence in the year ahead. Their astute analysis equips investors with the knowledge needed to navigate the intricacies of the commercial real estate market with confidence.
Conclusion: A Competitive Edge for Chicago Investors
As the episode draws to a close, it's evident that Jake Fugman and Mike Scanlon's bold predictions are more than just conjecture—they're strategic insights that have the potential to reshape the landscape of Chicago's real estate market in 2024 and beyond. By staying ahead of the curve and leveraging their expertise, investors can position themselves for success in an ever-evolving marketplace.
Watch Straight Up Chicago Investor Podcast Episode 268 in Full Here
Questions We Answer In this Show:
Q. The Elections Impacts on Monetary Policy!
A. Video
Q. Condo Prices Predicted to Soar in 2024
A. Video
Q. Prepare for a PROPERTY VALUE SURGE in 2024!
A. Video
Show Notes:
02:33 Housing Provider Tip: Provide tenants with a credit reporting service to help them build their credit.
03:22 Intro to our guests, Jake Fugman and Mike Scanlon.
07:03 Bold Prediction #1: Interest Rates in 2024!
15:09 Bold Prediction #2: Asset class to appreciate at least 10% in value!
21:25 Bold Prediction #3: Neighborhoods positioned to boom in value!
28:07 Bold Prediction #4: Future of downtown condo prices!
37:18 Bold Prediction #5: Where are multifamily cap rates heading?
51:46 Jake’s and Mike’s motivation to be thought leaders in Chicago REI!
55:37 What is Jake’s and Mike’s competitive advantage?
57:23 One piece of advice for new investors.
59:10 What do you do for fun?
62:20 Good book, podcast, or self-development activity that you would recommend?
63:51 Local Network Recommendation?
65:28 How can the listeners learn more about you and provide value to you?
Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest Name: Jake Fugman & Mike Scanlon
Guest Company: The Axon Group
Guest Link: https://www.theaxongroup.com/
Other Links for show notes:
The Bank On Yourself Revolution (Book Recommendation)
Crushing It in Apartments and Commercial Real Estate (Book Recommendation)
Aparicio Law (Attorney Recommendation)
Show Sponsors:
Looking for a property manager?
Chicago Investor Resources Shared
What You Must Know About Renting Your Property In Schaumburg
Survival Guide For Self Managers - 15 Tips Chicago Landlords Must Know(Especially House Hackers)
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