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Updated about 3 years ago,
Investing in lower income areas for first property a good idea?
I'm brand new to investment properties. I've been researching properties in my high priced market. I am looking at properties in lower income areas to BRRRR. Properties are fairly low priced and easily renovated into a nice unit. I'm more concerned about the areas and the tenants it will attract. I've never gone through the screening process of new tenants and worried I wouldn't get the refinance based on the area.
Good or bad idea to start in these areas to get into it for a lower price and try to gain momentum ?