Does anyone have experience with the Rockford Il Market?

Question

Hi,

I'm currently pretty active in a couple of areas in southern Il, but interested to know if anyone has experience in the Rockford market. The prices look to be appealing.

Thanks in advance,

JO

Kenneth Garrett · Answer

@Justin Oliver

Justin,

Rockford is a large community with some challenges.  High crime rates in parts of town.  Really need to research what part of town you are looking at.

Be weary if looks to good to be true. It doesn’t mean there are not opportunities there but you need someone local who knows the lay of the land.

Good Luck.

Craig Wilcox · Answer

@Justin Oliver,

Always happy to talk real estate.  Let me know when you are in town.

Justin Oliver · Answer

@Craig Wilcox Thank you for getting back to me, I'm just trying to get a feel for the area. I'm looking at the moment at Champaign, Urbana, Decatur and now Rockford. I'm set up with good management and contractor teams in Champaign, so thats my preference, but was interested in some of the potential prices and ROI I was finding in Rockford. If I come down in person to check it out in more detail, perhaps we could grab coffee? (Currently under contract on a purchase in Champaign with another in the pipeline, so might not be able to do anything until '19)

Craig Wilcox · Answer

Justin,

The home prices are most appealing in the high crime areas which are difficult with high turnover.  The most desirable areas, for homeowners and tenants, are in the NE.  There has been some good job growth lately and demand for rentals is very good.

Do you have specific questions?  We have a good group of active investors  that are always willing to share and are also active on BP.

Craig

Does anyone have experience with the Rockford Il Market?

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