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Updated almost 9 years ago on . Most recent reply

User Stats

40
Posts
5
Votes
John Roeder
  • Investor
  • San Clemente, CA
5
Votes |
40
Posts

The Suburbs or the City?

John Roeder
  • Investor
  • San Clemente, CA
Posted

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?

Most Popular Reply

User Stats

402
Posts
177
Votes
Josh Mitchell
  • Real Estate Agent
  • Naperville, IL
177
Votes |
402
Posts
Josh Mitchell
  • Real Estate Agent
  • Naperville, IL
Replied

@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.

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