GREAT LAKES, IL MULTIFAMILY INVESTING

[Joshua Parinasan]

Good morning BP! 

I just moved to Great Lakes, Il and I am looking into buying a multi family home to hack.  I just finished Scott Trench's book "Set for Life" and I want to start applying some of the ideologies he mentions in his book.

I am not 100% locked into an area, I am willing to commute to work from Kenosha or the Chicago area if the return is worth it.  I just downsized my vehicle to a gas efficient (paid off car) and I am looking to rent out units and have a roommate to pay most of if not all housing costs.

Any advice will be greatly appreciated! 

[Corina Eufinger]

I personally wouldn't invest in Illinois right now.  It has a lot going on politically which is making the state less desirable for employers as well as more expensive for workers.  I actually have an investor client who's sole life mission right now is to be completely out of Illinois (including his primary residence) by the end of the year. 

@Brock Mogensen is correct.  Kenosha is absolutely on fire right now.  Completely independent of FoxConn too.  Beyond downtown, the suburbs of Kenosha like Pleasant Prairie, Salem and Trevor are starting to boom as well.