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Updated over 9 years ago on . Most recent reply

Tom Lynn's profile image
Tom Lynn's profile image
Tom Lynn
  • Accountant
  • from Lemont, Illinois
  • Member since Sep 16, 2015
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Tom Lynn's profile image
Tom Lynn's profile image
Tom Lynn
  • Accountant
  • from Lemont, Illinois
  • Member since Sep 16, 2015
Connect
Tom Lynn
  • Accountant
  • Lemont, IL
3
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8
Posts
Multi-Family and Apartment Investing

Southwest Chicago Suburbs (Joliet, Lockport, etc)

Tom Lynn
  • Accountant
  • Lemont, IL
Posted

Does anyone have direct multifamily home experience in the Joliet or near surrounding areas?  I live nearby and I see the cash flow potential in Joliet from the numbers but does the stereotype of the area hurt anything?

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Jaime Frausto's profile image
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Jaime Frausto
  • Investor
  • from Shorewood, Illinois
  • Member since Jul 15, 2011
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Jaime Frausto's profile image
Jaime Frausto's profile image
Jaime Frausto
  • Investor
  • from Shorewood, Illinois
  • Member since Jul 15, 2011
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Jaime Frausto
  • Investor
  • Shorewood, IL
18
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79
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Jaime Frausto
  • Investor
  • Shorewood, IL
Replied

I Invest in Joliet west and east. You have to know the areas. My properties are east of Larkin but west of center. Not very good appreciation but good cash flow . 10-15 % cap rates. 7-8% vac. Hope it helps.

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