All Forum Posts by: Brent Sagissor

I've done all kinds of investing, including rural investing in some apartment complexes.  The properties tend to offer decent returns and sometimes it is easier to get a deal.  I'm about to sell a 16 unit apartment complex about 25 miles from Waco TX, so meets your definition.  Town is Marlin, TX, about 6,000 people for an amazing price--$399,000 or less than 25K a unit.  It would be a 10+ cap rate.  All units are 2-1.5 townhouse config at about 1000sqft each.  It stays fully rented most of the time until a move out and then it will fill back up.  There is one lady that has been in it 20+ years...  It would be hard to find a deal like this in current markets in a bigger town...  So that is a real deal to answer your question--so smaller towns offer opportunities out there that aren't in bigger ones.  There is some risk to the things you mentioned like large employer closing, etc but at the end of the day, if the size of property is smaller, there is probably always a tenant.