I am wondering if anyone has any experience with rural areas. I’m sure with the right marketing, deals can be made, but what do the seasoned investors think the minimum population should be to consider buy and hold or flip strategies? Is anyone running rentals or flipping in cities of less than 10,000? It seems to me that at some point, real estate might not make any money at all if the population is too small.
No less than one renter and one house in the area!
I avoid one employer towns and areas with low population and job growth.
I don’t think there should be some kind of format you follow for this one. Look around and make your assessment.
Low population usually means that people are more stable where they are and don’t move around, in my opinion. Prices probably stay very stagnent and don’t appreciate much.