New to Real Estate · Joliet, IL · Member since 2022 · 14 posts · 7 votes
Hi everyone,
Im new to investing and am thinking of investing in either Ottawa or Streator. My main concern is cash flow. Do rental properties in that area cash flow well? Would you recommend investing in this area?
I own property in Ottawa and owned property in Streator in the past. You can definitely find properties that cash flow well in both places, but in my opinion Ottawa is a much nicer town with a lot more potential. It has a nice historic downtown with quite a few shops and some pretty good restaurants (and a great brewery!). It is a gateway to the Starved Rock area and gets lots of visitors from Chicago. They have big plans in place to redevelop the riverfront. And it is situated just off I-80 only about 30 minutes to the fringes of the metro area.
Yes, but if cash flow is really your number one concern, there are places closer to home (including Joliet) that will do so just as well. The important thing is just finding a good deal.