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3 Top Location to Buy Rental Properties

April 14, 2012 | Comments: 0 | Views: 144

You have heard it before; location,location,location. That word must be upper most in your mind as you search for your rental properties. Here I will share with you some of my favorite locations to buy and rent properties and why they are good locations. Here's a hint. It all has to do with money.

You are investing money in a rental property that you will eventually own,it will be yours; therefore,you want your property to be in a location that will not only be good for rental but will still be in a good resale location at the end of your use. A location that will hold it's value.

1. The first such location I would suggest for buying rental properties is a small town about thirty minutes from a city. The commute to the city is short. This is what I call the sweet spot of buying. It is convenient to the city but not in it. Homes in these areas are usually well maintained, the streets are usually cleaned on a seasonal basis and residents are every day working people and retirees. The reason I mention this is because people want to live in a location where they can identify with neighbors. This is one big attraction for almost any family searching for a property to rent,they are almost certain to find neighbors with something in common with them. You will usually find one or more transportation systems in these towns. You are in the business of renting properties for profit and this is about the best place to start.

2. If you are searching for rental properties in the city you will find it to be a great educational experience. Here is the way I look at this situation and found the best opportunities for making money with rentals. Look at it this way, the city is the hub and around it are spokes, some stronger than others. You will find that the spokes closest to a well maintained suburban area,that is not part of the city, usually is the best area for buying rental properties that are still part of the city. You might call this a borough of the city, but not down town. It usually has one or two transportation systems into the city or other towns nearby and easy transfers.

3. My third choice for buying rental properties is a college town or city. These are hot rental areas with students, college workers and others who find the areas interesting. If you plan on buying a rental property in this area do your home work first. Students come and go and sometimes drop out of school. if you talk to the housing office of nearby colleges you will get good insight into the rental situation and what to expect. They will be happy to help and you can get onto the housing list. You can also request post-grad and professors only as your tenants. This is usually easier on your rental property also,but you will never be short of tenants.

Anne Fagan has owned and managed several successful small businesses on and offline. She and Liz Osborn successfully buy and rent properties. Get your Free Email Rental course at:

Source: EzineArticles
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