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Updated about 6 years ago on . Most recent reply

User Stats

74
Posts
65
Votes
Aaron Hollingshead
  • Flipper/Rehabber
  • Roswell, NM
65
Votes |
74
Posts

Anybody else prefer investing in small cities with no growth?

Aaron Hollingshead
  • Flipper/Rehabber
  • Roswell, NM
Posted

I invest in a small city that's had a population of 45,000 for the past 50 years.  Appreciation is slow, houses sit for a long time on market and there's not a ton of industry in town.  While this violates lots of conventional wisdom about where to invest, I absolutely LOVE investing there!  

Homes can be purchased off the MLS for a great value, simple things like a quartz counter top can put a house miles ahead of the competition, relationships go a long way and best of all, there's very little competition from other investors. Does anybody share my enthusiasm for these types of cities?

Most Popular Reply

User Stats

33
Posts
20
Votes
Green Hill
  • Rental Property Investor
  • Corpus Christi, TX
20
Votes |
33
Posts
Green Hill
  • Rental Property Investor
  • Corpus Christi, TX
Replied

I agree Aaron the market I invest in has little to no population growth but there are not much investors there and I am able to have the best rentals in the market and get top dollar.

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