New to Real Estate · IL · Member since 2020 · 4 posts · 5 votes
I live in a very Rural area, I would have to drive over an hour to get to a city. I was planning on managing the property myself. I feel like when I get a tenant in the rural setting they will probably stay longer, but be harder to fill when vacant. Where should I invest?
Rental Property Investor · Ocala, FL · Member since 2017 · 138 posts · 100 votes
6y
@Jacob Temple you may sacrifice appreciation in the rural market but I agree that you'll likely have longer term renters. You are more likely to find a flip better appreciation in an urban market plus you're more likely to have more demand for renters. Survey the market for current listings to get a feel for the areas you're exploring.
Rental Property Investor · Fairmont, MN · Member since 2019 · 184 posts · 123 votes
6y
@Jacob Temple in rural areas you will generally not get the appreciation, but probably better cash flow. In smaller towns generally less rental regulations (at least from an enforcing standpoint) so lot of time a lot of smaller "mom and pop" type investors who are less experienced investors and at managing tenants. Lot of opportunities to find value add cash flowing properties, but harder to scale quickly in a small town if that's your goal.