Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

32
Posts
12
Votes
Tiffany J.
  • New to Real Estate
12
Votes |
32
Posts

Chicagoland and how to find a good tax advisor

Tiffany J.
  • New to Real Estate
Posted

Hello! I started looking at open houses in Chicagoland because it is the area that I know. Some people say to start off with an area that you are familiar with. 

However, I have also heard that the laws favor the tenants in Illinois. It also seems very difficult to find properties that will provide cash flow. Am I better off looking elsewhere even though I am new at this and this is the area that I know?

Also, do you have recommendations on how to find a good tax advisor? (Not asking for a referral but I am not sure how to find a good tax advisor.)

Most Popular Reply

User Stats

191
Posts
131
Votes
Tony Angelos
  • Real Estate Agent
131
Votes |
191
Posts
Tony Angelos
  • Real Estate Agent
Replied

@John Warren Also following this as I've been looking for a good tax advisor for a couple months. I just reached out to your suggestion so thanks for posting that!

@Tiffany J. Within the city limits itself, there is a pretty wide of variety of opportunity. You are likely able to find turn key or minimal cosmetic rehab in basically all areas, but have you thought about the type of return you are shooting to achieve? That will likely have a big influence in the area you decide to invest in.

Loading replies...