Lake in the Hills, IL · Member since 2017 · 3 posts · 2 votes
Hello all,
I've been doing a lot of research lately about where I should purchase a rental property (or multiple). I was wondering which states have landlord-friendly laws, and which ones don't, to save me some headache. I live in Illinois, which I imagine is very tenant-friendly, but I'm not opposed to out-of state investing. Which states are the best and worst for landlords? Thanks in advance for your input!
- Nina
Real Estate Entrepreneur / Investor · Chicago, IL · Member since 2016 · 688 posts · 367 votes
9y
There are deals in Illinois. But it depends where you invest. Also Indiana as well as Milwaukee are good areas to invest in. I usually try to get my investors great deals where the numbers work great for
Them. No matter the cash on cash return or ROI for a flip.
My company and I invest out of state and mostly in landlord friendly states. We have good experience with the law in North Carolina and Pennsylvania. I also here Indiana is good. If you google it, there is a list of around 8 different states that are currently landlord friendly BUT just be careful because states like Florida that are landlord friendly still vary based on the county.
Lake in the Hills, IL · Member since 2017 · 3 posts · 2 votes
9y
Elbert Dockery Thanks so much for the area-specific information! I'm definitely considering Wisconsin.
Steve Kontos Thank you for your input! Very useful. I'll definitely try to find those lists.
Real Estate Investor · Memphis, TN · Member since 2016 · 940 posts · 695 votes
9y
@Nina Gabriel - I agree with looking for only landlord friendly states. Just reading through some of the problems that landlords have in some of these anti-investor states, makes me not want to ever do business anywhere else but here in Tennessee. I'm sure there are plenty of posts like this one on the forums: https://www.biggerpockets.com/forums/52/topics/430...
You can also ask in the state specific forums what the landlords think.