Under valued single family

[Jordan Maroules]

I am in the process of buying under valued property in an area I am extremely familiar with so I have confidence in the town.  I have been buying homes that are $45.00 - $50.00/ sq ft.  Most homes built post 1980.  I am renting these properties, but I am concerned they will continue to decrease in value, because of little economic growth within this area.   Population is 25,000 so its not a super small area, but I am buying properties that are $60,000.00 - $100,000.00 and renting them from $900.00 - $1,200.00.  I am curious if anyone has bought in a situation like this and should I continue buying all the deals I can and growing a rental portfolio or be skeptical.