Warner Robins, GA · Member since 2009 · 8 posts · 0 votes
I am curious about peoples opinions on purchasing rental property in a county that just lost its school accreditation.
http://www.wsbtv.com/news/17323636/detail.html
Some great deals to be had in Clayton county. Problem is if you where renting would you rent in a county where its schools are some of the absolute worst?
Make sure the cashflow is correct and very conservative. Also if this happend recently , I would wait for a 6month period before purchasing so it will be reflected in the comps
Originally posted by David Wolf:
I am curious about peoples opinions on purchasing rental property in a county that just lost its school accreditation.
http://www.wsbtv.com/news/17323636/detail.html
Some great deals to be had in Clayton county. Problem is if you where renting would you rent in a county where its schools are some of the absolute worst?
My tenants with kids are very concerned about school districts.
Tenants without kids don't care. But the problem that I see is that if tenants with kids won't rent, that leaves a lot of vacancies for the childless to chose from.
It's possible that the county will fix the problem with the accreditation. That won't help a lot if the schools are really bad.
Schools are just 1 element. What's the total picture on this area?
The school system would be a great leverage when buying there currently and that situation with the school board is only temporary. And don't forget you generally want to buy when everyone is selling.