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Updated 4 months ago on . Most recent reply

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Alec McGinn
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Small town purchase worth it?

Alec McGinn
Posted

If you had the opportunity to purchase a cash flowing property with no money down in a town of 500 that is 30 minutes from a metropolitan area of 130k in population, would you do it? The numbers look great but I am nervous to buy in such a small town. This would be a buy and hold long term deal.

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Drew Sygit
#2 House Hacking Contributor
  • Property Manager
  • Royal Oak, MI
6,242
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Drew Sygit
#2 House Hacking Contributor
  • Property Manager
  • Royal Oak, MI
Replied

@Alec McGinn research the rental market history.

How many units typically on the market?

How much demand is there?

Absorbtion rate?

Average Days On Market?

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Logical Property Management.
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