Based on the current economy, what would you do?

[Casey Wohl]

Based on the current economy with rising taxes and a slow exodus, what would your investment strategy be and why? Is it still a good opportunity for rentals or should we be looking to get in and get out (flips) as fast as possible? I know the play is different in the city vs rural areas, but I'm curious where everyone thinks Illinois is going.

[Corby Goade]

My strategy never changes based on the economy- I buy and hold, only consider 1% or better deals within a certain area and price range. If you change your strategy based on the economy, you are bound to have problems. I don't have any idea about the market in Illinois, but for me, when the economy changes, the only thing than changes for me is how many of those deals I can find; In a "hot" market or economy, fewer deals, more competition, easier to get money. Everything is opposite in a cooler market climate.