How much does luck play into success in real estate? For me, quite a bit! And I’m sure the same is true for a lot of folks reading this.

I’m a firm believer in that adage “the harder I work, the luckier I get.” The real estate journey I’ve been on has been a get rich slow train — and I honestly prefer it this way. But luck certainly played a role in getting to where I’m at today, no doubt about it. Let me break it down…

The Chicago multifamily real estate market can be complex, and at times filled with potholes and landmines. It is extremely vital - if you are going to invest in multifamily properties in Chicago - that you do these four things…

Despite the challenges, BCG Real Estate Group started our own property management company due to bad past experiences with outsourcing and a desire for cost control and better tenant care. Building these "PM muscles" internally allowed us to scale with acquisitions and ensure the smooth operations of our Chicago buildings. While acquiring clients is tough, retaining them is easier with good service. And though managing properties isn't easy, BCG values helping people, maintaining beautiful buildings, and having direct control over costs, making it rewarding and the right move for our situation.

The economics of a mid-term rental are kind of like a goldilocks scenario when it comes to revenue, not as hot and lucrative as short-term rentals but not as cold and boring as long-term rentals, kind of just right.