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Updated 2 months ago on . Most recent reply

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6
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Springfield, IL investing

Posted

I live in St. Louis and looking at buying a property in Springfield, IL. Springfield is only about 2 hours from me, but don't know much about the market. Properties seem to be pretty inexpensive. Many duplexes are under $100k and LTR at $750, STR at $100-$125/night and midterm at $1500. I'm looking at a duplex and running half as STR and the other as mid-term for travel nurses. Is this reasonable idea for this market? With this plan I would need cleaners and contractors/handymen. Any input would be appreciated. Thank you!

Most Popular Reply

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53
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32
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ThomasRoy Penland
  • Rental Property Investor
  • Albuquerque, NM
32
Votes |
53
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ThomasRoy Penland
  • Rental Property Investor
  • Albuquerque, NM
Replied

I have ventured in to this market as of April this year (2022).  I bought 2 homes and am using a property management company. I have never seen the homes in person, but got a good walk through from my realtor. It is still early, but if you are still looking at starting up in Springfield, hit me up. It would be great to compare notes and work together.  

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