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Kirc

Considerations for L/O in low population areas (aka outskirts)

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Hi: I'm seeing a lot of deals in low population areas of 5000 to 20,000 people or so. I'm tempted to lock up the house and try to lease option it, but to be honest I'm not confident in my ability to fill the property. Are there any special precautions you guys take when dealing in properties in sparsely populated areas?

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If the property is priced correctly and you market it effectively, you'll find your tenant/buyer. The community may be a small one, but folks still need a place to live and still want to own rather than lease in most cases.

Worst case scenario is that you can't find a t/b after all. The agreement we use allows us to cancel at anytime for any reason. Your risk is limited to whatever marketing dollars you spend, which needn't be alot.

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