Ever heard of a guy named Sam Zell?
Don’t worry, outside Chicago many folks don’t know much abot this Billionaire. I thought I might bring some hope to all the newbie real estate investor / baseball fans out there with this little piece of news:
The Tribune Company Plans to Sell the Chicago Cubs before the end of 2007
Basically, the Cubs were owned by Tribune who was just bought out by Mr. Zell. Zell made his fortune investing in real estate. At one point (possibly still), one of his companies was the largest owner of apartments in the USA, and another was the largest office owner in the country. Pretty impressive stuff! If you don’t know much about the man, I recommend doing some research, as it is an interesting story . . . more importantly, it is inspiring to see what some knowledge in real estate can get you.
Zell decided that he didn’t want to hold on to the Cubs and has offered the team for sale; he wants to close the deal by the end of the baseball season.
Interested?
Get off your computer and start making some real estate deals so you can get in on the bidding!
Article Author:
Joshua DorkinJoshua has written 539 articles for us.
Visit Joshua's Website: http://www.biggerpockets.com/
BiggerPockets.com was founded by Joshua Reed Dorkin in August 2004. An entrepreneur, web designer, real estate investor, and one-time realtor, Joshua was not satisfied by the online offerings of other real estate sites out there, and decided to build one himself. Mr. Dorkin's vision for BiggerPockets has helped to propel it into becoming one of the top real estate destinations online. His vision for the site and its future has brought national press attention to both Mr. Dorkin and to BiggerPockets.
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I think Mr. Zell can make more money in real estate than maintaining a baseball team that hasn’t been winning for several seasons now.