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Updated almost 7 years ago on . Most recent reply

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Jason Malabute
  • Accountant
  • Los Angeles, CA
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MOST RENTERS COMMUTE

Jason Malabute
  • Accountant
  • Los Angeles, CA
Posted

Assuming everything else is good about a city you're thinking about investing in except that most of the residents commute for work to neighboring towns for work. In other words, the city you're thinking about investing in has no comic anchor. Would it be a bad investment to buy a property in this submarket ?

Thank you!

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Jim Cummings
  • Residential Real Estate Broker
  • College Station, TX
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Jim Cummings
  • Residential Real Estate Broker
  • College Station, TX
Replied

There is an old saying in Real Estate and Lending - Drive Until you Qualify! Meaning you drive outward from the place of employment until you find the house that suits your needs and your budget.

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