Buy & Hold in Peoria Illinois

[Alex Velazquez]

Hello BP! Is anyone investing in Peoria Illinois Buy & Hold? Looking to build a Team there, please help. I'd greatly appreciate any feedback on the area. Anyone willing to share their experience. Looking forward to hear from you.

Thank you.

Alex

Buy & Hold in Peoria Illinois

[Steve Sanchez]

@Alex Velazquez I'm a buy and hold investor in Peoria, IL, I have about 50 doors (all SFR). Have done a flip or two, doing an AirBnB and done some contract for deed. Boots on the ground is pretty difficult in this area. The property managers won't take on places where the ROI is the best. The few out of state investors that I've seen have not lasted, it really is a boots on the ground investment area. You really need that one "key" person to be here and run things for you. For me that was my daughter and her husband, who I've partnered with which allows me to now be a snowbird.

Main issue is with the houses so inexpensive here and take so much work to "run" the rentals it doesn't make sense to have an out of state investor to partner with. Hope that helps!

-Steve