Indian Hill, Country Club Hills, IL 60478

[Emilio Caamano]

Any one familiar with this location?

I'm analyzing a deal from a turnkey operator on Chicago and got to a deal that might make sense

But in the map, looks far from Chicago 

Wondering about the local market. Any one familiar?

I'm concern about tenants turnover and DOM to close the lease.

Regards,

Emilio

[Mike H.]

Sorry. Didn't answer your other question.  You will not have to worry about DOM or getting it rented. If you price it right, you'll have a ton of people applying. The problem is in the collections.   The tenant pool in those areas (country club hills, richton park, etc) is just not very good.

I've got 6 out of 40+ houses in those areas in cook county. I would say my problem payer months there run about 60%. Its just a constant battle. I've tried section 8. I've tried business owners. I'm priced under market. I've tried everything out there. It doesn't really matter. 

Its just a difficult tenant pool. And its also a declining market. Prices really took a bath out there during the bust and there isn't much sense that they're going up any time soon in those areas.  If they do, I will be the first one to sell my properties out there and move the equity back near me and in counties with better eviction laws.  6 mos of no payments plus 1k in attorney fees will kill you.