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Updated over 5 years ago on . Most recent reply

User Stats

6
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0
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John Turner
  • Contractor
  • Richmond, VA
0
Votes |
6
Posts

Rural investing or strategies

John Turner
  • Contractor
  • Richmond, VA
Posted
My main focus of area at this point would be rural areas. Small communities 3-10k populations , with Walmart , commuters to work and family in area. Does anyone have any experience or suggestion on books or podcast that target this market.

Most Popular Reply

User Stats

92
Posts
52
Votes
Jeff Bousquet
  • Rental Property Investor
  • Rhode Island
52
Votes |
92
Posts
Jeff Bousquet
  • Rental Property Investor
  • Rhode Island
Replied

@John Turner

I have a 4 unit in a rural town sub 3k in population. There's no trash or mail service. It's one of my best rentals for cash flow. I also never have a issue filling the apartment. It seems there are plenty of people in need of housing that cant buy. There are only a few options for apartments including mine. The biggest drawback is the age of the building and lack of local contractors. I also expect there won't be much appreciation long term.

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