All Forum Posts by: Shavin Patel

it is doable, but it depends on how rural. Is it rural, but within and hour or so of a bigger city? Their are a lot of factors that can make it or break it. Every lender is different and flexible in their own ways. Happy to chat or if you provide more info here maybe I can point you to the right lender.

population is roughly 7,000 the closest largest city has a population over 100,000 and its less then 45 minutes away and another city a hour away has a population over 600,000

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Quote from @Devin Peterson:

Quote from @Shavin Patel:

Good evening,

I am looking for lenders who can provide loans in rural areas for fix and hold as well as refinancing into DSCR once renovations are completed.

How rural? Where is it located

Currently populations under 10,000

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Good evening,

I am looking for lenders who can provide loans in rural areas for fix and hold as well as refinancing into DSCR once renovations are completed.

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Quote from @Kai Kopsch:

Ultimately, the decision should align with your investment goals, risk tolerance, and the amount of time you can dedicate to managing your properties. Diversification can also be a key to a robust investment strategy, so considering a mix of both rural and urban properties could be beneficial. Happy investing!

I do believe it would be best to invest in both the urban properties for long term since the properties will appreciate over time then the ones in the rural as they are just cash cows.

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Quote from @Bjorn Ahlblad:

I bought a 12 unit building a few years ago in a town/city of 16,000. It is a better than average property and is netting 70k year and growing. Small city tenants are a breath of fresh air. They are grateful, they accept responsibility and there are far fewer free loaders!

Yes, the cashflow is great in these smaller towns, but im looking for long term since lot of these small towns do not grow appreciation like the larger cities.

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Quote from @Clint Jusino:

Quote from @Shavin Patel:

Hello everyone, Im relatively new to investing. Right now, I own some rentals in a rural area, and they're performing well. I am considering whether to keep investing in similar rural areas with populations below 15,000 or to transition to purchasing properties in larger cities.

Can you clarify when you say performing well? What's the cash flow looking like? How's the equity on the rentals? I say if it's not broken then don't fix it. keep doing what is working for you.

The properties are cash flowing with a low entry cost to purchasing the property. Thats one of the Cons is theres hardly any appreciation growth. One issue i will run into is funding since alot of dscr loans do not fund in rural areas.

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All Forum Posts by: Shavin Patel

Shavin Patel has started 2 posts and replied 7 times.

Post: DSCR Loans in Rural Areas?

Post: DSCR Loans in Rural Areas?

Post: DSCR Loans in Rural Areas?

Post: Investing in Rural Areas Pros and Cons?

Post: Investing in Rural Areas Pros and Cons?

Post: Investing in Rural Areas Pros and Cons?

Post: Investing in Rural Areas Pros and Cons?