Episode 268: Five Bold Predictions For Chicago Real Estate in 2024 with Jake Fugman and Mike Scanlon

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! If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: [email protected] Guest: Jake Fugman & Mike Scanlon of The Axon Group Link: SUCI Episode 200: Which Chicago Neighborhoods are Hot and Which are Not? Link: Episode 138: Straight Up Tues Tip 28 - Mike Scanlon Talks Through How He Sourced an Off Market Househack Deal Link: The Bank On Yourself Revolution (Book Recommendation) Link: Crushing It in Apartments and Commercial Real Estate (Book Recommendation) Link: Aparicio Law (Attorney Recommendation) ----------------- Guest Questions 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? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.