Jake Fugman and Mike Scanlon of The Axon Group return to discuss Chicago’s REI market performance, predictions, and exciting developments!
Jake and Mike kick things off by assessing their 2024 predictions regarding mortgage rates, appreciation, and cap rates! They then break down the impacts of the Northwest Side Housing Preservation on landlords in the area and provide noteworthy predictions for 2025. These predictions include what the new presidential administration will mean for the downtown market, househacker purchasing power with 5% down, the 1901 project, the path of progress, and much more!
If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content!
02:25 Housing Provider Tip - Consult with your attorney and insurance agent on handling slip and fall incidents.
03:17 Intro to our guests, Jake Fugman and Mike Scanlon!
7:59 House Hackers unlocking huge leveraged returns with 5% down!
16:13 What did cap rates do in 2024?
20:22 Prediction 1: The return of 100% bonus depreciation.
24:37 Impacts of the Northwest Side Housing Preservation Ordinance.
38:00 Will downtown Chicago make a comeback?
49:24 Investing in 2-4 unit new construction buildings.
54:37 The 1901 Project!
63:04 What is your competitive advantage?
65:33 One piece of advice for new investors.
67:28 What do you do for fun?
68:25 Good book, podcast, or self development activity that you would recommend?
70:26 Local Network Recommendation?
71:17 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:
SUCI Ep 268 - 2024 Predictions with Jake and Mike
SUCI Ep 327 - Luke Blahnik on NW Preservation Ordinance
