Former visitor looking to invest in Peoria IL

[Allen Berrebbi]

So I used to work for a basketball tournament that played in Washington IL every year and so I often visited that town plus Peoria. I have always been fascinated with Peoria, though I’m not sure how investor friendly Illinois is. And now I see it mentioned here and in newsletters as an up and coming place.

I’m a huge fan of industrial neighborhoods and buildings and it has a cool little district.

I have two interests.

One is a mixed use building in the core or downtown, but as a remote investor, concerned about lengthy vacancies.

The second is a long term play. A small house or duplex for my grandson, a set it and forget it type of investment. I won’t be touching the cash flow for many years, just looking for rent stability and some growth.

Any thoughts or advice?

[Brad Stegall]

Quote from @Allen Berrebbi:

Quote from @Jonathan Klemm:

Hello hello @Allen Berrebbi!  If you are a fan of Perioa Illinois you should connect with @Brad Stegall he's a big investor in the area and has a large meetup there.

I say invest for your Grandson!  You can probably also teach him about real estate which would be invaluable.

I will and thank you so much!

 Would love to discuss Peoria with you sometime.  Everything that we own is within 1 hour of here.  We have 500 residential units and quite a bit of commercial too.