Wholesaling in low-income neighborhoods...

[Bradley Bladon]

I've located a number of properties (I'm new w/ no offers) that are in lower income neighborhoods...a number of which are F&C or very little is owed.   If I could acquire one of these would it be a good idea?  many of them are on streets where all the houses are run down...HOwever you can go 1 or 2 streets over and find same style homes, same age etc...that have been reasonably maintained. Do you want to be the guy that rehabs a house and comps against those knowing everybody else on your street lives in a dump.  Sure it will comp nicely to the guy 1 street over, but the subject street is a POS...I would assume that in and of itself would impede the sale greatly after repairs....but I'm not sure...thought's....experiences...????

Thanks