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Updated over 6 years ago on . Most recent reply
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Looking to Invest
Hello!
I am a realtor and investor in West Virginia and own several rental properties here and I am looking to expand and invest outside of West Virginia so I was wondering if you had any suggestions about where to invest or if you live in an area where real estate investing is doing really well and would like to partner up I would definitely be open to something like that as well. Thank you!
Most Popular Reply
I would not recommend the chicago market. I have been in it for the last 10 years, and I am getting out of it. The laws and court system is obscenely tenant friendly, and so there are a lot of crazy punitive laws that landlords have to follow.
Also, good luck getting rid of tenants in chicago. Lawyers show up to court on behalf of non-paying tenants demanding money from you as well as the dismissal of your money count, or they file a bunch of made up random counterclaims and demand a jury trial. Our legal system at work.
Tenants know this and take advantage of the system.