All Topics / General Property / Cash flow in remote area

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  • Profile photo of Mandar NaikMandar Naik
    Participant
    @mandarn10gmail-com
    Join Date: 2019
    Post Count: 0

    Hi

    i am a newbie investor and cash flow positive properties make lot of sense for investments. Such properties are generally found in remote areas. My question is how do we handle the vacancies and find new tenants in such areas? And how these risks can be mitigated specially for the areas where population is low

    • This topic was modified 1 week, 6 days ago by Profile photo of Mandar Naik Mandar Naik.
    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284

    Good Day Mandar,

     

     

    I agree for most situations I do not see why you wouldn’t get an asset that makes money instead of losing it. :)      (some exceptions)

    So not always remote (depending on your view of such)

     

    So you study the vacancy rates / call agents, study the area & understand the staple local economic situation e.g. farming/mining vs tourism/business etc

     

    that is such a good question about population & I do have a view that’s quite multi-layered but a simple answer would be review

    -risk of low population (how many renters vs owners / vacancy rate / growth of sales prices / industry reports)

    -future calculations of growth based on reasons to live there

    among many other things.

     

    if you can learn to understand these things & more you will see the risk’s for what they are.

    (once again this is not catered to you in any way this is just my general view of your statements)

     

     

    Enjoy your week!

    Kind regards

    Jaxon Avery
    JPA Financial services

     

    https://jpafinancialservices.com.au/

     

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