Updated almost 8 years ago on . Most recent reply
Investing in Illinois
Hey BP community!
What are your thoughts on investing in Illinois. I live in central Illinois and have 35 units. We do very well on taking our time to find great cash flowing deals but there’s the growing concern of property taxes increasing and the state not being ran well as a whole. Are there any out of state investors that enjoy investing in Illinois? Local people are you worried about the future? I’ve been looking into it of state investing but curious of others opinions.
Thanks!
Matt
Most Popular Reply
I invest in the Quad Cities. I have no problem finding great deals on the Illinois side just because everyone is afraid of the taxes. They cash flow well in spite of taxes being 25% more than my home state of Iowa. As far as the future, Illinois took some steps last year to improve their fiscal situation. I’m of the opinion that property taxes can’t jump too much higher. Long story short, if it cash flows, look at it.