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Updated over 5 years ago on . Most recent reply

Jay Kumar's profile image
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Jay Kumar
  • Member since Oct 8, 2019
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Jay Kumar's profile image
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Jay Kumar
  • Member since Oct 8, 2019
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Jay Kumar
0
Votes |
9
Posts
Buying & Selling Real Estate

Illinois high tax issue - buying vs renting

Jay Kumar
Posted

What are your thoughts on buying single family house vs townhomes vs renting in Chicago. I wanted to buy vs rent to put money in equity but the Illinois tax is so high that it equates to ~8 months of rent. Townhomes are better in terms of tax but hoa makes it even. Are we just breaking even If we invest as a primary residence?

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