Multi-family investing in the Midwest

[Brad Stegall]

I am currently investing in the Peoria,IL area. I am looking for multi-family investors to network and share deals with. I love meeting people in my backyard but am also interested in Quad Cities (Moline, Rock Island, Bettendorf, Davenport). Where else in the Midwest are people having success?

[Spencer Gray]

Hi Brad,

I am a multifamily investor based out of Indianapolis and our group invests primarily in the Midwest. We currently have assets in markets like Indy, Columbus, Dayton, Ft. Wayne, Bloomington (IN), Lafayette (IN), Louisville, Lexington, Champaign, Evansville and a few others. We've looked at deals in Peoria but have never won anything. Always happy to share deals and information!

What's your opinion on Illinois's unfunded liabilities and the potential for further property tax increases? I know the Chicago region has been hit hard, but what do you think about the rest of the state?

We like the idea of investing more in Illinois but the state gov and tax situation has always made me nervous, especially coming from a lower tax and landlord friendlier state like Indiana.