Investing in Real Estate in an area with very little population.

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Hello Everyone,

I'm from western SD and was curious if anyone has any advice on how I should go about investing in a place with such little population. I live in a town of 380 people and realize investing here is probably not an option, but was curious how big of a town i should look at to invest in. For me to find a town of over 100,000 people it's like an 8 hour drive. Any advice would be greatly appreciated.


Ryne Baier

i invest in rural areas (although not that rural). the advantage there is typically less competition, but deals will be few and far in between. Most likely you know that area very well, so use this to your advantage. Set criteria, and be patient. Deals will not come along as often, but if you believe in the underlying fundamentals of the area, then when they do jump on them. It also depends what your long term goals are. if you are looking to scale to a larger business, then you can start in your area but will need to branch out eventually. 

Check out David Green's book on long distance real estate investing.