Location, Location, Location is what we hear in the real estate industry and that still rings true today.
This week, Larry discusses the importance of buying rental property in neighborhoods where people want to live. Too often, new investors are so excited about "getting a deal" that they buy in undesirable neighborhoods.
In order to keep vacancy loss at a minimum, we should always try to buy in desirable areas where families want to live. This simple idea helps reduce and in some cases eliminate vacancy loss.