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Updated almost 3 years ago on . Most recent reply

User Stats

471
Posts
342
Votes
Daniel Smyth
  • Rental Property Investor
  • Rockford, IL
342
Votes |
471
Posts

Looking for Rockford Illinois contacts

Daniel Smyth
  • Rental Property Investor
  • Rockford, IL
Posted

Educating myself for the rest of 2018, and scheduled to begin my new life mid January.

I am looking for people that may be more ahead in class. I am a quick study, and I like starting from the floor.

Individuals, new businesses, non local people and businesses that work this area are also looked for.

Rockford Illinois in at the top of Illinois, in the center of the state. 15 minutes from Wisconsin and 90 minutes from Chicago.

Chime in and say hi! Let's eat!

  • Daniel Smyth
  • [email protected]
  • Most Popular Reply

    User Stats

    109
    Posts
    443
    Votes
    Matt Lyons
    • Rental Property Investor
    • Chicago, IL
    443
    Votes |
    109
    Posts
    Matt Lyons
    • Rental Property Investor
    • Chicago, IL
    Replied

    I am out of St Charles IL and own 34 doors at this point. One single family and one 12 unit, the rest all between 2-4 units. Most in rural IL near 39 and 88 so to speak. I own one place in Holcomb about 15 minutes south of Rockford. I looked hard at Rockford about 3 months back and ended up walking away. The area cash flows really well so if that is your goal and you have the ability to micro manage properties it might make since. But if you want appreciation, easy tenants that are not tough on apartments and smaller issue I would not advise going there. Your property will never be worth more than what you paid in that area and tenants can be rough there as well. Lots and lots of nightmare stories. Also management companies are very hard to come by, most in that area are not taking on new properties and if they do only in certain areas.... it’s a math thing: 10% of $1000 rent is not worth all the hassles for them because there are a lot of hassles out of that area
    happy to discuss anything and everything anytime

  • Matt Lyons
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