Good places in Chicagoland to buy a Multi Family?
Hi folks-
I am looking into purchased my second rental investment home. My first one was a SFH in Cincy that has been doing fairly well for 1200/month rent on a 104K property. I live in Chicago but manage it remotely and it has been exceptionally easy and cash flowing solid for me.
For my next deal I figured I would do a Duplex to realize stronger Cash on Cash on returns. Since it is a Multi, I figured I would try and invest locally since their may be a few more headaches. Since the city is fairly pricey, I've been looking in the burbs. Joliet, North Chicago and Waukegan have been where my search has been centered around.
I find solid properties on the MLS but their property taxes are Exorbitantly high (at times around 6.5%). Any one have a clue where I can get cheap Multis in Chicagoland with low taxes?