Jake Fugman and Mike Scanlon, leaders of The Axon Group, return to provide Five Bold Predictions on the 2024 Real Estate Market!
We kick things off with a hot topic; what will interest rates do in 2024?! Jake and Mike weigh in on the asset class and neighborhoods positioned for big time growth in 2024. For turn-key, low maintenance investments, the group discusses areas with great opportunities for condo investments. Lastly, Jake and Mike discuss where cap rates are headed and sectors of commercial real estate that may be in trouble. As usual, Jake and Mike bring tremendous value and insights to give Chicago Investors a competitive edge!
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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?
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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)
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