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Updated over 11 years ago on . Most recent reply

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Jeremy W.
  • Investor
  • Chicago, IL
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144
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Does anyone have rural experience?

Jeremy W.
  • Investor
  • Chicago, IL
Posted

Rural? Between three towns ~20,000 large in Illinois

They are growing towns and I'm interested in the opportunity the beat down rural/small town properties represent.

I'm looking at about 30 homes - all under 30k. While I know low price is not a decision factor, if a couple of these homes present good deals, I am going to go forward with them because I have a cash buyer.

Does anyone have experience in acquiring small/rural town properties, and, most importantly, successfully marketing these properties?

Thanks!

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Brandon Turner
#3 Questions About BiggerPockets & Official Site Announcements Contributor
  • Investor
  • Maui, HI
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Brandon Turner
#3 Questions About BiggerPockets & Official Site Announcements Contributor
  • Investor
  • Maui, HI
Replied

It sure can be tough in some regards, but I do like rural investing. The toughest part is finding good contractors to work. Also, plan on having longer vacancies, but people seem to stay longer. Also, I wouldn't plan on prices going up much - so only do it for the cash flow :)

  • Brandon Turner
  • Podcast Guest on Show #92
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