- Mandar NaikParticipant@mandarn10gmail-comJoin Date: 2019Post Count: 0
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
JaxonParticipant@jaxonaJoin Date: 2014Post Count: 284
- This topic was modified 1 week, 6 days ago by Mandar Naik.
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!
JPA Financial services
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