Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
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!