Investing in Lower Income Locations
Hello!
So I would like to ask for some advice in the thought and or experience on those who have invested in lower income property.
For starters, I am a new investor, and where I live on Long Island homes are pricey and taxes are high. However, there are a few locations that homes run about in the 200K range and taxes are not as high. I have no big intentions to get a run down location to flip, but a location that will need a touch up here and there and to hold on to for rental.
I am familiar with the locations I have in mind. School district, closeness to transportation, crime rate, etc. I just would like some experience investors or anyone who has dealt with this situation before.
Thank you all for any feedback.
Ricardo