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Updated about 10 years ago on . Most recent reply
Undesirable Property Attributes
What are some undesirable property attributes that a new investor might not think about when purchasing a property? For example, being across the street from a school sounds like a plus, but I am told that it is a negative (or at least doesn't increase value). And I wouldn't think having power lines behind your property would be a big deal, but I am told that it is.
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Well first of all, I think " would I live here ?". Then I look for anything that someone MIGHT find undesirable: noisy/large pet next door, messy neighbors, heavy drive by traffic...etc. What are other rentals doing in the area? Is there a lot of vacancy? My thinking is that pretty much any property is rentable ....at the right price.