Using the Population percent change over the last 10y on Census

[Christophe D.]

Hello to all experts.

I am looking for my second deal. And one of my criteria is to select a city with always a positive population % change over the last 10 years.

My strategy is a long-term rental.

Am I right or is it not a good criterion?

For example, I see a house in Canton, OH, with a pretty good Cash on Cash rate. But the city of Canton has -4% of population decrease for the last 10 years. So I think over the long term, I may have problems finding tenants. And the evaluation of the house over the year will be very little.

What do you think?

Thank you.

[Bruce Woodruff]

I think you're playing a guessing game. So what if a city or area has experienced a small loss for X years? No one knows if it is going to turn around tomorrow. What if Amazon opens a distribution center nearby? What if a completely new industry pops up (tech) nearby? What if, what if?

Pick an area that is popular and has at least a decent industry base and a reason to go or be there....

Just my .02