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Updated about 19 hours ago on . Most recent reply

Investing in Jackson, MS - Bad Idea?
Hi all,
I'm Tom, i work in sales in Utah and have purchased my first two investment properties around Jackson, MS. Both properties cash flow and between them bring in about $600-650 per month. One i put 20% down and the other i put 25% down. This is before any capex - so obviously scale is key in the market like this.
My goal was to buy three in MS for every one in Utah - allowing me to balance cash flow and appreciation equally through the two locations.
Have a great realtor / prop management team there and feel great about them and my relationship with them.
I just read about the declining population in Jackson, it being one of the fastest declining in the nation. How much should this affect my strategy there? Is it a big enough deal to sell the properties and redistribute cash? Or is it something i should monitor and find the good areas within the state? Or just hold on to those two but diversify the portfolio elsewhere also?
Any thoughts may be helpful. TIA
Most Popular Reply

I just saw the population decreases in Jackson MS.
It had 200,000 people in 1980 and now there are 150,000 which is a 25% drop in just 40 years.
That sounds scary as an investor.
I looked into the reason why and one thing that popped up with an issue with the city having potable water in 2022...
I would personally look elsewhere to invest, There are other markets that are likely just as affordable and have stable population growth.
- Basit Siddiqi
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