Updated over 9 years ago on . Most recent reply
Property in a Rural Town
I have found a property that I would love to purchase. It looks like it would cash flow well, and it is in my home town so I know the area well. My concern is that since it is a rural village, how likely will it be that I can keep four units fully occupied? All of the essentials are right in town: schools, grocery store, gas stations, a few local restaurants/bars, but most people commute for work. The closest commercial areas are 20-30 minutes away. I'm just not sure if people are really drawn to the area. It is certainly not on the decline, if anything I would say it is growing slowly. The current tenants are also month to month which makes me nervous because they could up and leave at any time. I know this is kind of a collection of random thoughts! I just wanted to brainstorm with everyone and get some opinions, especially if anyone has properties in a similar location. Thank you!