Good rental markets in Chicago

[Steve Iaco]

Hello BP

I currently live in NY and was looking into the Chicago market for long term rentals...

I had a few questions on what would be good target neighborhoods for rentals in this city and also what current rates would be for rehabbed properties?

Was looking at B properties/neighborhoods,

Any and all input is welcome!

Thanks.!

Steve

[Jeff Burdick]

Originally posted by @Nathan Gesner:

Originally posted by @Jeff Burdick:

Originally posted by @Nathan Gesner:

Look for states with the vast majority in red. This is not a political post. The facts are that a red state tends to create and enforce laws that are fair and just. Blue areas tend to create victim groups and then create and apply laws that elevate the said victim group while punishing the person that attempts to work hard and get ahead in life.

It's science.

 You say "this is not a political post" and then follow it up with erroneous political jargon?  

Definition of jargon: special words or expressions that are used by a particular profession or group and are difficult for others to understand.

There's nothing difficult to understand, nor is it political. The blue areas on the map are far more likely to have laws in place that protect people that violate legal contracts. I'm sure there are many successful Landlords in Chicago, San Francisco, Seattle, and New York City. However, the odds are against you when the going gets tough. I've been on this board long enough to know that Chicago can produce some good returns but it can also produce some serious headaches. Why not invest in a different area that produces the same level of returns without the added risk?

It's my opinion. It's ok if your opinion is different and there's no need to take offense. You can share why you think my opinion stinks and the OP can investigate and then make an educated decision.

 If you want to argue that red states typically have laws that are beneficial to landlords in comparison to blue states, that is a fair point and accurate and applies to this board.  But stating that blue areas "create victim groups" and "punish those who work hard and want to get ahead in life" is both political and inaccurate.