Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

2
Posts
4
Votes
Domineque Taylor
  • Rental Property Investor
  • Waukegan, IL
4
Votes |
2
Posts

Why do people invest in Illinois with taxes so high?

Domineque Taylor
  • Rental Property Investor
  • Waukegan, IL
Posted

I live in Illinois in lake county and I want to buy property were I'm at. (Currently renting). But then I thought about it and wondered what keeps people buying rental property in Illinois when we have the second highest taxes in the country? In lake county,its the highest in the state. So should I Invest elsewhere (I heard you get the bet bang for you buck Arizona or even Detroit) or should i look for deals in Illinois?

Most Popular Reply

User Stats

9,999
Posts
18,565
Votes
Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
18,565
Votes |
9,999
Posts
Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
ModeratorReplied

@Domineque Taylor they are passing the tax burden along to the tenant. Property taxes just force rents higher. Just look at taxes like any other expense.

  • Joe Splitrock
  • Loading replies...