Do any of you invest in rental properties, wholesale, or flips in small towns? I’d be looking for areas with major stores or ones that are close to a big city but not too far. I’m thinking a small town could be a great place for me to start compared to big cities. I’m considering either buying a rental since it’s cheaper or purchasing a flip if the market is booming enough. Anyone currently investing in small towns? Let me know your thoughts below
Small towns can be lucrative depending on the unemployment level, population trends and safety. I live in Lancaster, PA and it's a lot here that's very positive.
Our market is historically pretty stable and hasn't been subject to sharp increases followed by sharp decreases in property values. Our unemployment is very low and there has been a trend of increasing population and employment.
Do your research and determine where it is you want to invest. Then make sure there are ample property management companies in case you'll have any attrition. If I can be of any assistance, feel free to connect.
I work for a property management company in downtown Lancaster. Would love to connect and see where you're at in the process. Happy to provide insight and be a resource for you.