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Illinois Real Estate Q&A Discussion Forum
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Updated about 7 years ago on . Most recent reply

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Kent Phillips
  • Mokena, IL
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What's going on in the rural Chicago suburbs

Kent Phillips
  • Mokena, IL
Posted

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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Chris T.
  • Investor
  • Downers Grove, IL
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Chris T.
  • Investor
  • Downers Grove, IL
Replied

@Kent Phillips

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.

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