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Updated 2 months ago on . Most recent reply

User Stats

27
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16
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Abigail King
  • Real Estate Agent
  • Peoria, IL
16
Votes |
27
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Real Estate Investors in Illinois

Abigail King
  • Real Estate Agent
  • Peoria, IL
Posted

Hello everyone! Anyone here a real estate investor in the Central IL area?

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4,073
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2,480
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Jonathan Klemm
  • Contractor
  • Chicago, IL
2,480
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4,073
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Jonathan Klemm
  • Contractor
  • Chicago, IL
ModeratorReplied

I love the idea of fix & flip right now @Abigail King, especially right now here in Chicago and I am sure it is similar for you in central Illinois -- it's winter so there are way less buyers and if you can get under contract soon you can likely rehab over the winter months and hit the spring market!   

Unless you absolutely love flipping I have often seen it is a means to generate short-term capital that you can then put into rentals (aka long term wealth).  You can get long-term wealth through flipping, but it'd have to be done by building a scalable business.

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