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Strategies for My local market Guadalupe, CA
Hi,
I went driving for dollars this weekend in the town I grew up in(Guadalupe, CA)and found some vacant properties that I'm going to try and wholesale. I'm sure I can get at least a few under contract however, I'm concerned about buyers. The city's economy isn't that great and the population is relatively old since generally not many young people want to live there. They would rather move to other cities around 15 miles away. The population is only around 7000 and mostly work in the farm industry. Also, they are scheduled to build 800 new homes in the next 5-10 years. That should bump the value of existing homes right?
What type of investor strategies do you think would work here?