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Updated almost 11 years ago on . Most recent reply
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Big city Vs Smaller City Investments ?
What are the pros and cons of Big city vs Smaller yet known city investments ?
Where i currently live has population of approx 70k and that is close to Milwaukee and Chicago (the giant) both are 1 hour and 3 hours away respectively. Do i start investment in bigger city with lots of tennants pouring in or smaller city with maybe more vacancies in long run ?
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It appears that your strategy is towards a buy and hold rather than flip market.
In either sense, your best answer is the market in which you understand the best or have the best professional resources to pride you with accurate data.
When the going gets tough, and it will at some point in every investors career, where do you want to go to clean up the mess?
These answers will send you in the right direction.
To really answer your question, what will be your competitive advantage? Can you compete where there are a lot of tenants to attract from, or where you can have the best properties for the few tenants that exist?