Chicago currently sits #1 in the nation for rent growth in the last 3 quarters and is #1 for least new supply.
“Chicago Posts Top Rent Growth, Outpacing Other Major Markets”
In today’s episode, Drew sits down with Jordan Gottlieb, a seasoned multifamily investment sales broker at Essex Realty to discuss why this is happening and the opportunities and challenges facing the Chicago market both novice and experienced investors should be aware of.
Episode Highlights:
3:01 - Jordan's Introduction and Overview of Chicago's Real Estate Market
11:52 - Why Chicago has the Highest Rent Growth in America
21:17 - The Intricacies of Real Estate Taxes in Chicago
29:28 - The Impact of Domestic Outward Migration
38:12 - Financing Multifamily Properties in Chicago
48:44 - Comparison with the 2008 Financial Crisis
56:20 - Importance of Realistic Property Valuation in a Volatile Market
Want to connect with Jordan?*
Topics Covered:
- Chicago's booming rent growth and what's fueling it
- The scarcity of incoming supply in the real estate market
- The importance of a dependable tax structure
- Value-add investing strategies for the Chicago market
- Financing multifamily properties: Insights and options
- Comparing the current market scenario with the 2008 financial crisis
- Being realistic about property valuation in fluctuating markets
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About The Breneman Blueprint:
Real estate is the most proven way to build wealth. But learning how to invest in real estate is not easy. You need a blueprint from other successful investors. That is what this podcast is all about.
In each episode, join Drew Breneman, a real estate investor who owns more than $200M in property, as he and his guests teach you what you actually need to know to be a successful investor. Whether you are a full-time active investor, a passive investor, close to retiring, just starting out, simply looking for an alternative to the stock market, this podcast is for you.
His company, Breneman Capital, is a private real estate investment management firm specializing in the multifamily property sector. Breneman Capital employs a deliberate investment approach, leveraging data analytics and proprietary technology to generate superior risk-adjusted returns for investors.
Breneman Capital has developed an investment strategy that aims to exploit market inefficiencies and reveal superior risk-adjusted opportunities through comprehensive use of technology and analytics.
Get started today as an investor or learn more at:
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What is Breneman Blueprint: Real Estate and Entrepreneurship Podcast?
Real estate is the most proven way to build wealth. But learning how to invest in real estate is not easy. You need a blueprint from other successful investors. That is what this podcast is all about.
In each episode, join Drew Breneman, a real estate investor who owns more than $200M in property, as he and his guests teach you what you actually need to know to be a successful investor. Whether you are a full-time active investor, a passive investor, close to retiring, just starting out, or simply looking for an alternative to the stock market, this podcast is for you.