Chicago Real Estate Perspective

Dave Nimick: Real Estate as Part of Your Wealth-Building Plan

Episode Summary

In this episode, Dave discusses: The upsides and downsides of real estate as an investment. Similarities and differences between real estate versus stocks. Landlord best practices. Mindset of owning real estate investment property. Key Takeaways: Owning real estate helps to diversify your portfolio. The longer you own a property, the more likely you are to see huge appreciation and greater passive income. Real estate is a tangible entity in a way that stocks are not. If a landlord keeps a property well maintained, the tenants will typically follow suit. "You cannot live within a stock portfolio, but everyone needs a roof over their head, including you. Even if you're buying a property for investment, if you need a place to live at some point, you can live in your property." —  Dave Nimick Connect with Dave Nimick: Website: https://thenimickteam.com/ Email: dave@thenimickteam.com YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos LinkedIn: https://www.linkedin.com/in/davenimick/ Facebook: https://www.facebook.com/thenimickteam Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty Show notes by Podcastologist: Chelsea Taylor-Sturkie Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.

Episode Notes

In this episode, Dave discusses:

• The upsides and downsides of real estate as an investment.
• Similarities and differences between real estate versus stocks.
• Landlord best practices.
• Mindset of owning real estate investment property. 

Key Takeaways:

• Owning real estate helps to diversify your portfolio. 
• The longer you own a property, the more likely you are to see huge appreciation and greater passive income. 
• Real estate is a tangible entity in a way that stocks are not. 
• If a landlord keeps a property well maintained, the tenants will typically follow suit.

"You cannot live within a stock portfolio, but everyone needs a roof over their head, including you. Even if you're buying a property for investment, if you need a place to live at some point, you can live in your property." —  Dave Nimick

Connect with Dave Nimick:

Website: https://thenimickteam.com/

Email: dave@thenimickteam.com

YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos

LinkedIn: https://www.linkedin.com/in/davenimick/

Facebook: https://www.facebook.com/thenimickteam

Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.