Chicago Rental Properties Have Multiple Growth Opportunities
Chicago rental properties can bring their owners substantial investment income at the same time they are quietly building equity. It sounds clever—and it is clever, as many legendary titans of industry have pointed out.
Nineteenth-century millionaire-philanthropist Andrew Carnegie’s “Ninety percent of all millionaires become so through owning real estate” is typical.
More recently is this quote from wealth-creation expert Robert Kyosaki, author of the mega-bestseller, Rich Dad, Poor Dad:
If you don’t like real estate, all you have to do is make hamburgers, build a business around that hamburger, and franchise it.”
Kyosaki’s sly observation lets us draw our own conclusions about the relative likelihood of becoming a one-in-a-billion entrepreneurial superstar like McDonald’s Ray Kroc…versus choosing a canny real estate investment!
That’s not to say that the road to riches is a simple one-step process—especially when the chosen strategy includes actively managing a rental property. For Chicago rentals properties to maximize cash flow in addition to their underlying equity growth, the original purchase needs to be made in a market-wise manner—then followed with managerial skill.
Lofty Real Estate property managers and brokers are here to help clients identify and acquire the Chicago property that fits their investment objectives—and right now, Chicago has a number you will probably find worth investigating.
Despite the latest pandemic-related precautionary measures, it’s still possible to explore the current offerings while maintaining maximum safety.