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Updated over 8 years ago on . Most recent reply

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20
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2
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Vincent Parello
  • Residential Real Estate Broker
  • Hanover Park, IL
2
Votes |
20
Posts

Well water homes. Chicagoland

Vincent Parello
  • Residential Real Estate Broker
  • Hanover Park, IL
Posted

Hey everyone,

I wanted to hear everyone's opinion on buying rentals on well water. Pros and cons?

I am in the Chicago land area so hopefully, I can get some input from local investors.

Most Popular Reply

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4,613
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2,995
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
2,995
Votes |
4,613
Posts
David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied

@Vincent Parello,

All homes have maintenance issues, even brick construction (as opposed to face brick). It might not be wise to pass up an otherwise "cherry" deal just because it's in a rural or unincorporated area and has well and/or septic.

Look at each deal as a whole, and let it stand or fall on its own financial merit rather than your personal prejudices or concerns. You'll find much greater profit and success that way.

My $0.02 ...

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