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Updated almost 11 years ago on . Most recent reply
Does anyone have rural experience?
Rural? Between three towns ~20,000 large in Illinois
They are growing towns and I'm interested in the opportunity the beat down rural/small town properties represent.
I'm looking at about 30 homes - all under 30k. While I know low price is not a decision factor, if a couple of these homes present good deals, I am going to go forward with them because I have a cash buyer.
Does anyone have experience in acquiring small/rural town properties, and, most importantly, successfully marketing these properties?
Thanks!
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- Investor
- Maui, HI
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It sure can be tough in some regards, but I do like rural investing. The toughest part is finding good contractors to work. Also, plan on having longer vacancies, but people seem to stay longer. Also, I wouldn't plan on prices going up much - so only do it for the cash flow :)