Decoding Chicago Multifamily: 2023 #1 Rent Growth and #1 Least New Supply w/ Jordan Gottlieb @ Essex Realty

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”https://product.costar.com/home/news/shared/2106659681
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?* Find out more about Essex Realty at their website essexrealtygroup.com/team/jordan-gottlieb/, or reach out to Jordan directly at www.linkedin.com/in/jordangottliebessex/.
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
--
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:https://www.breneman.com
Watch All Episodes On Youtube:
https://www.youtube.com/@brenemanblueprint
-- Social Media --Follow Drew on SocialLinkedIn:
https://www.linkedin.com/in/drewbreneman
Twitter:
https://twitter.com/drewbreneman
Facebook:
https://www.facebook.com/drewb
Instagram:https://www.instagram.com/drewbreneman
Breneman Blueprint on SocialFacebook:https://www.facebook.com/profile.php?id=100088350404003
Instagram:https://www.instagram.com/brenemanblueprint
TikTok:
https://www.tiktok.com/@brenemanblueprint
Breneman Capital on SocialLinkedIn:
https://www.linkedin.com/company/brenemancapital
Twitter:
https://www.twitter.com/brenemancapital
Facebook:http