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Updated almost 6 years ago on . Most recent reply
Dumpy Neighbors and asssment of my triplex
Hello! I’m looking into my first real estate investment. I’ve found a church in central KY listed for $39k that could be turned into a triplex, and Brrrr’d. HOWEVER, the neighbors are a stones throw away and live in a trailer and have about 10 old cars in their yard. Am I correct in believing the neighbors dumpyness would severely hurt my property’s reassessment for refinancing? Everything lines up except for that, and I feel like I should still stay away but am looking for some people with more experience than I to give their opinions. Thanks!