Updated almost 8 years ago on . Most recent reply
Is It Possible To Market In Cities That Are Small? 10,000 People
I would like to get some quality feedback as to whether or not i'm in the right market for real estate investing. I live in a city called Clinton SC which is comprised of about 10,000 residents or less. The city next to me which is about 15 minutes away from her is called Lauren's SC; it too has the same demographics. I want to see if other investors are able to make it work for them. The next biggest city is Greenville SC which its about 45-60 minutes away. I currently hold an 8-5 regular technician job in Clinton, but have the flexibility to work my 8-5 as well as REI. Im trying to figure out if I can even make it a go here.
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I sure hope so because 21 of my 26 rentals are in towns with a population of 10,000 or less! No matter what the size of the town, people need to rent. You need to make sure that the town isn't saturated with rentals. How do you do that? Check Zillow & Craigslist for rentals along with their rental rates. Drive around the area and look for "for rent" signs. You could also put a false ad on Craigslist and see how much response you get.