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Updated almost 8 years ago on . Most recent reply

User Stats

22
Posts
7
Votes
Elex Price
  • Investor
  • Dallas, TX
7
Votes |
22
Posts

Worst house in great area or best house in not so great area?

Elex Price
  • Investor
  • Dallas, TX
Posted

Hello BP Fam,

I was having a discussion with a coworker that's is currently looking to purchase 1st home. I made the recommendation to buy the worst house in a good area, live in it and fix up. I made that recommendation because of the rising value of homes in our area. My coworker came back a few days later and said he made an offer on a house. He offered on an upgraded house in a bad area. His agent told him that he is investing in the future and that area has the potential to grow.

So I thought I would pose this question here to get some other opinions on this topic. Feel free to chime in and share your thoughts...

  • Elex Price
  • Most Popular Reply

    User Stats

    251
    Posts
    290
    Votes
    Paul Bowers
    • Real Estate Investor
    • Macedon, NY
    290
    Votes |
    251
    Posts
    Paul Bowers
    • Real Estate Investor
    • Macedon, NY
    Replied

    Seems like it would be a lot less risky to try to improve a single house in a great neighborhood than to count on the "revitalization fairy" to come in and make a whole area of the city better.

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