@Chelsea Pfeiffer There is a big contingent of chicago investors that make their way out to sevier county for sure.

They did a good job and helped answer any questions I had about the 1031 exchange I did here in Chicago. 

Chicago cap rates are lower then interest rates so what I see clients do is rehab to add a ton of equity/boost rents and then either just hold it or do a partial cash out to get back 1/3 or 1/2 the money in the deal which gives you a higher COC.

My only question for him and you would be. Are

There are a few markets in the US where you are forced to look outside like LA, SF, NYC, Boston etc, but even for Chicago investors it does not make sense to invest in Milwaukee due to the added cost and complexity

Maybe one of my chicago friends could tell you their experience here @Mark Ainley or @Zach Shepard?

The bottom line is, the strategy can open doors you didn’t even know existed.. it’s not just a tax hack, it’s a wealth-building strategy that rewards a little patience and a lot of foresight.If you’re floating around Chicago, Omaha, or even dipping your toe in the Phoenix or San Antonio scenes, I’d love to help you navigate this territory.

My longest recent rehab was 2.25 months and added a half bathroom, took down 4 walks including load bearing, put up 3 walls, new plumbing, electrical, flooring, huge percentage of drywall, an eye brow porch, new kitchen with full layout change and new bathroom with full layout change.  

If you’re weighing options in Chicago or have an eye on emerging neighborhoods in that city, I can get you in touch with someone who knows their way around the Windy City’s rental regs and local quirks.

Hello,My name is Luke Helliker, and I’m an investor based in Chicago.