Rural vs. Urban

[Paul MacInnis]

Hi all,

I'm curious to your thoughts on the following topic:

With regard to small multi-family properties (2-6 units) do you always buy in urban centres or have you branched into any rural markets.

I ask because all of my properties are in rural markets.  I have little to no vacancy, decent rents, and although appreciation isn't going to skyrocket (even in a boom period), I find the properties very accessible in terms of cost.

Part of me is tempted to gravitate towards my next property in an urban area BUT when the sticker price is 2-3x what it is in the rural setting......it's difficult to decide!

Love to hear your thoughts!

Cheers