All Forum Posts by: Tricia Haggard

Andrew,

I live an hour south of Chicago. What city is the duplex in? I may know the area.

Bryan,

I myself prefer small town living(and people), but like every other investor, we are in business to make money.

It's important to not make decisions based solely on getting a house for cheap, but if there is a rental market there.

Just because you and I enjoy small town living does not mean I will see a large ROI.

P.S I'm pretty sure everyone loves country folks!

James, I am talking approximately 5k for small town. The "hot" areas by me are popluation 15k, rent out quick for top dollar.

Kirk, I was thinking the same as you. It may be more difficult to get someone in the unit, but they're more likely to stay once their there.

James,

I appreciate your response to this topic! The towns I am looking in have been established for awhile, but remain small town living.

The towns I am looking into are diversified as far as employers, which is a plus.

I'm intrigued to here other responses.

Do any investors/landlords buy properties that aren't in high population areas? For example, I recently bought an investment property in a prime area,monthly profit $350.

The benefits of that particular rental are: low vacancy rates and quality tenants.
The drawbacks are: higher priced notes and a lot of competition when buying.

There are many nearby cities that have lower priced homes, and less competition. The cities I am referring to are in safe areas and good school districts, just not as populated.

I would prefer to buy in these areas because I have far less competition and the note I'd carry is much smaller.

I realize the vacancy rate will be higher, but by how much? I would assume you can get just as good of tenants, but I'm not positive about that either.

What's your opinion? Any investors buy in both high and low population areas? What's your experience?

I have seen that land contracts can trigger the due on sale clause. Is there a way to protect yourself against it? Subject-to's seem to have the same issue. Do you prefer one over the other? Why?

I would appreciate your input!