I am new to Joliet (and Illinois) and just bought my first duplex in the Cathedral area in December. We were talking to a neighbor of ours and she told us that the city is putting in a new stadium (sounds like it will...

And Merced may also be a good location due to the university expansion although I haven’t looked too much into that yet.

Long story short- there is a historic (1870’s) home that a nearby city in Wisconsin needs moved to make room for a library parking lot expansion.

It's a big house on 20 acres, right down the street from a ministry school that  is doing a $96 million dollar expansion on their school, and has no dorm space.

Rents are going down in seattle as amazon is pulling back on expansion.

Expansion is a great thing.

@Blake LowdermanI would look deeply into the properties past rental performance. if the numbers are EXACTLY as you mentioned I would consider the deal.buying at these terms can be tempting but you have to make sure you are not "buying" some one else problems. definitely research the past years income and expanses and verify the numbers.I have personally dealt with properties in small towns like these - its a bumpy ride:-)

Your "problems" will arise in collecting rent (dependent on park demographics), dealing with the municipality/city (infrastructure issues) and expansion.

Along with the expansion of Grant Road, we predict that homes in this area are going to increase in value, rapidly.

However, I think the SGF market will continue to stay strong due to expansion of local industries, even after a slight correction or leveling out.The raw land we are currently developing is what we picked up in the downturn between '07-'10 at foreclosure/bankruptcy pricing.