Location. Location. Location.
Buy property in the path of growth.
Don’t tell me where, just tell me what…to look for.
Business trends. Public Transportation. Median incomes. Trends in median income. etc.
On the flip side of this:
High cash flow properties make sense to me - like in college towns:
150k rooming house can pull in say 2000 a month - that’s a 1.3 rent-to-value ratio.
Now does the fact that this type of property may appreciate less than 1% a year even matter?
Thoughts on college town rentals? And what about Alcohol Restrictions in the Lease?
Please someone respond.