An investor recently told us he was looking at buying two rental properties in Chicago. Our answer: never again will we invest money in Illinois in a landlord-tenant situation. Instead, we know of a deal with 12 duplexes directly across the border in Indiana, where insurance rates are lower, property taxes are lower and the landlord-tenant laws are better, and it’s still a 45-minute drive to downtown Chicago.
If you want rental exposure to the Chicago metro area, look across the border at a place that’s more favorable for investors. Insurance, taxes and landlord-tenant law can matter as much as the property itself.
Key points
- Ticker Tape avoids landlord-tenant rentals in Illinois.
- Example: 12 duplexes just across the border in Indiana.
- Indiana offers lower insurance rates, lower property taxes and better landlord-tenant laws.
- The properties are still about 45 minutes from downtown Chicago.
Accredited investors: learn about current opportunities at tickertapeinvestments.com.
