Small town flat population growth

[Jacob Wutke]

I am looking at a small portfolio of properties In a small town (population 6k) about 50 miles NE of Kansas City. I am struggling with how to weigh out the risk of it being such a small town. I dont know how to get a bit of a feel for how difficult the homes may be to sell if/when needed. Looking for some thoughts from those more experienced how to weight out this side of the deal.

[Brett G.]

Disclosure:  I do not currently invest in small towns.  However, I am originally from small town Missouri. 

Small towns that far from the city will have very little, if any appreciation, so make sure the cash flow will work for you.  Wages there will be lower, too.  Don’t pay too much and don’t over-improve the properties. 

Good luck with this endeavor!