Is Illinois good to invest in?

[Dave Cieslicki]

I wanted to see if anyone has thoughts on whether or not the Illinois real estate market is a smart place to be investing given the current budget issues?

[Chang Hee Lee]

Hey Dave!

Hope this message finds you well, I know it's been awhile since you posted this. Despite everything going on in Illinois, there are still good deals to be found. As a realtor here in the Champaign-Urbana area, much of the investment property here is uplifted by the university and its large international student base which will only continue to grow, especially with the expansion of the medical program here. Therefore, good cash flow and ROI is possible.

Unfortunately, the budget issues, taxes, and etc. are pushing many individuals out of the state and there is a lack of buyers which is really putting a damper in the market here. However, I suspect many might take this as an opportunity to "buy the dip" in real estate here as one might say for stocks (I am also an equities investor/trader). The hardest part is investing with so much negative sentiment swirling around (and of course, nothing is guaranteed to get better) but that's what differentiates the good investors from the rest.