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Updated almost 9 years ago on . Most recent reply
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The Suburbs or the City?
Hey guys and gals,
I am ready to pull the trigger on my first investment property. But just looking for any words of wisdom before I do. I found a great city in the suburbs that match my wants/needs and my niche. But I also have a great metropolitan city (>500k people) that also meet my wants/needs. Any advice for a long term buy and hold investor on one or the other? The 'burbs or the city?
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@John Roedermay tend to get more turnover in the city than in the burbs, which will add up quickly if you are using a realtor to list property, or have empty months. The city will probably command a higher price point..... just have to weigh the options.