If you are in the business of real estate investing, you are probably familiar with the mantra: location, location, location. You can change the color of the walls, the interior furnishings...even a home's layout, but you cannot change the location.
A home's proximity to reputable schools, shopping, business centers, amenities and entertainment add significant value to the rent amount. Tenants are often times willing to compromise on size, upgrades and general finishes of a home in order to live in desirable neighborhoods.
But is there ever an instance when cashflow potential can trump location? Continue Reading Cashflow Potential vs. Location