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Updated over 14 years ago,
How do you decide where to invest
I am a totally newcomer investor to this field. I have been going through bigger pockets for almost 5 days.
i definitely want to invest, but sometimes have second thoughts as to where and how much to invest. There are properties that are so cheap and need little work but rent good. so these can be cash flow properties.
But what if i need to sell these properties? would they attract buyers if they are less than market price. There is a reason i am asking this.... Its because i have seen a couple of desperate sellers on this forum, and i dont want to end like them.
So is it better to invest in upscale neighbourhoods where you are definitely going to find a buyer provided your prices are attractive. Or should you gamble with cheap properties in the low 20k - 30k and risk not finding buyers.
Would appreciate all inputs before taking the so called leap