Quad Cities - IA vs. IL

[Isaac Lauritzson]

Hi all, I'm brand new to the real estate investment scene, and I'm hoping to start by house-hacking a multi-family residence. I live in the Quad Cities, and in doing my research, I was almost completely set on choosing Iowa over Illinois, until I looked at the appreciation rates on zillow and their subsequent forecasts. Homes in Davenport had risen in value 1.6% over the previous year, while homes in Moline had risen a dramatic 19.1%. Should this huge difference in appreciation change my mind about which state to invest in, despite the massive migration from Illinois to neighboring states?

[Pat Wilder]

Isaac, I’m in the Quad Cities as well.  With all that has been going on in IL, I still do buy houses on the IL side.. I know it seems most people state that they want to live on the Iowa side but I just look at differences in property taxes and make the best cash flow decision.  I am tending to lean toward the Iowa side more based on taxes and overall demand... but do buy  on the IL side.  It all depends on the numbers.