Small Town America Investing
So I have heard Brandon Turner and others suggest only investing in larger towns and areas, but my first deal was on 8 units (retail and residential) for $390,000 which have a 31% cap rate in a town with a population of 14K.
I have just been accepted and offer on a 27% cap rate property (apartments- 12 units) in a town of 4K, about 20 minutes from the previous one.
I believe I will continue a small town strategy given the high cap rates.
Anyone have good experiences with this type of strategy?