Investor · Melrose Park, IL · Member since 2015 · 77 posts · 24 votes
I am thinking about buying in the Plainfield, IL. area, a SFH around 2200-2900 sq ft. Basically I am going to rent it out for a few years, then move into it. I see rents for homes in Plainfield, IL. that were built from the late 1990's to 2010 renting for around 2600-2900/month. Are investors finding it hard to find qualified tenants for these large SFH's at these rent prices? I am looking at 4 bedroom homes to buy.
Rental Property Investor · Clarkston, GA · Member since 2012 · 2k+ posts · 1k+ votes
4y
Why don't you call those ads? some will be ma-pa and glad to talk. I've even chatted up PMs who are bored. :)
The key to rentals / rental demand are jobs and best growing jobs. Know your area's jobs. indeed.com set radius on left to 5 mi, then comparee the jobs numbers to other same pop size towns to get a relative strength.
Is there a college, hospitals, gov workers? Amazon warehouse?
I wrote a paper on how to buy a bullet proof portfolio. I linked that file off my BP profile 1st paragraph. Jobs; location to freeway, commercial area = good rental demand and long stays (key).