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Updated almost 6 years ago on . Most recent reply
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Anybody else prefer investing in small cities with no growth?
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
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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.