The State of Illinois

2 Replies

Given everything that is happening in the state of Illinois; taxes, the pension crisis, and all the liabilities the state currently has, I find myself reluctant to invest on property in Illinois. 

How confident are you investing here? If you are currently investing can you share your reason for doing so? 

I am new but plan to begin investing in the near future. Don't want to make a mistake of buying property I can't sell. I have been looking at investing in Northwest Indiana for that reason.

Any advice and opinions on the matter are greatly appreciated.

Thank You.

Originally posted by @Pedro L. :

Given everything that is happening in the state of Illinois; taxes, the pension crisis, and all the liabilities the state currently has, I find myself reluctant to invest on property in Illinois. 

How confident are you investing here? If you are currently investing can you share your reason for doing so? 

I am new but plan to begin investing in the near future. Don't want to make a mistake of buying property I can't sell. I have been looking at investing in Northwest Indiana for that reason.

Any advice and opinions on the matter are greatly appreciated.

Thank You.

 Here are some great threads on the topic

https://www.biggerpockets.com/forums/311/topics/53...

https://www.biggerpockets.com/forums/311/topics/202582-chicago-illinois-property-tax-hikes-making-me-jittery-about-investing?page=9

https://www.biggerpockets.com/forums/311/topics/515210-is-illinois-good-bad-or-average-for-investing

https://www.biggerpockets.com/forums/93/topics/464033-illinois-in-shambles

https://www.biggerpockets.com/forums/664/topics/469847-educated-millennials-are-moving-to-the-city-of-chicago-link

https://www.biggerpockets.com/forums/556/topics/455189-illinois-property-taxes

My wife and I have been investing in Illinois since 1993. Yes I would like lower taxes. Yes I wish the folks in Springfield would wake up. We are not leaving anytime soon.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here