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Updated about 7 years ago on . Most recent reply
What's going on in the rural Chicago suburbs
I'm new to Illinois, specifically Joliet area. I am coming from Austin, TX where they are experiencing a tech boom with lots of growth consistently making Austin one of America's fastest growing cities. Coming here I am surprised to see a lot of growth here too. It appears to be a lot of farms that are being converted into new home developments. I see this happening a lot in New Lenox and Manhattan.
My question to the forum is what is driving this growth? Are people fleeing the Chicago area to the more rural suburbs? Is there a specific industry growing in this area or are they all city-commuters?
My follow-up question is what can I do in this real estate market? Are my options the same as most other markets, wholesaling, flipping, renting, etc. or should I look at this differently to get a piece of the new home market?
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Search some of the forums here about chicago and you can get more feedback from others
lets talk about the chicago economy
There are a few REIA in the southern suburbs you should check out. @Jeff Valentino runs a good group in Orland Park.
https://www.meetup.com/Orland-Park-Real-Estate-Inv...
The more local investors you talk to, the more it will benefit you. There are A LOT of submarkets here in Chicago land area.