 |
even the dying city has some decent neighborhoods.
there are pros and cons investing in Midwest, the main problem in rusty belt is no high end jobs, and mid range jobs are slowly disappearing, so there is virtually no growth, that is why these big cities are dying.
but even these dying cities has good areas, I suggest you invest in some mix neighborhood such as blue collar working areas, if you only pay 10k to these condos, I am pretty sure is inner city black area where crime is the main concern, you don't want to carry a gun to collect the mere $400.
The biggest advantage in midwest is the relatively low house price vs. rent, you can easily achieve positive cash flow and and build you rental empire to a certain scale you can retire on.
I live and invest in Indiana, and I am happy to be here, I am just 4-5 hours from Ohio, luckily my area is more orthopedic related than automotive related. |
|
|
