A short talk (YouTube video) by Tim Hubbard describing characteristics, advantages, and risks of investing in affordable, long-term rental properties in urban/suburban areas. Emphasis is on properties with existing or easily re-rentable long-term tenants, favorable bank financing, and resilience during recessions compared to vacation/exotic rentals.
Chapters
What are these types of properties? Well, these are going to be our more affordable properties, I guess you could say more traditional. These are going to be properties that either have currently a long term tenant in them or have the easy ability to put a long term tenant back in them. So they're likely going to be in the city or near the city or in the suburbs. Right. We're not going to be off in the forest somewhere. We're not going to be two hours away at some beautiful lake destination. These are more of our city type properties. So the pros best financing options, if there's long term tenants in there, our bank's going to be comfortable with that. They will give you a loan as long as it makes sense. And I'm also going to give it a one in terms of safety, this is the safest sector to be in because if there is a recession and people have less disposable income, they're not going to be going on these exotic trips as much. They're not going to be staying at beautiful, beautiful vacation rentals that cost $5,000 a night. Not as much, I should say.