Anyone know the market for Champaign Il
I was looking around online at the US census and saw that Champaign had a massive increase since 2010. I decided to look at the housing price and rent and it seems pretty good. A lot of houses seem to perform at the 2% rule. I was wondering if anyone else thought these numbers were too good or if they are what there are. Any response is great! Thanks
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The rates will eventually go back down, but they also keep building nice, new buildings, so I'm not sure when. There are niches that aren't as effected, but I would exercise caution in the predominantly undergrad areas.
From what I hear, crime may have ticked up a bit, but its all about which neighborhood you are in. From what I have seen, most of the 2% rule homes won't be in great neighborhoods, so you'll have to weigh that.
We primarily invest in surounding towns becasue the purchase prices are much lower, but the cash flow is still decent.