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Updated over 5 years ago on . Most recent reply

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Yvette Valencia
8
Votes |
6
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First investment prop. But not 100% sure on the neighborhood

Yvette Valencia
Posted

Hi guys! I put in an offer on my first cash flow prop. And it has been accepted!! How ever I am now second guessing if buying in that Particular neighborhood was a good choice. There is not a lot of diversity, doesn’t have the best appearance but investment properties there are selling like crazy. I had previously put in offers on 2 other properties in the same neighborhood that have gotten rejected due to cash offers. I did my numbers and I hope to get $200 in cash flow every month. My question is should I be worried about the neighborhood not looking like the best neighborhood in town?

Most Popular Reply

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Jim K.#3 Investor Mindset Contributor
  • Handyman
  • Pittsburgh, PA
13,747
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Jim K.#3 Investor Mindset Contributor
  • Handyman
  • Pittsburgh, PA
Replied

@Yvette Valencia

Still trying to read between the lines here.

Does "Not much diversity in that particular neighborhood" really mean THIS IS A BLACK NEIGHBORHOOD? Does "I will be limited to certain tenants" really mean GANGSTAS PARADISE? Does "doesn’t have the best appearance" refer to multiple graffiti tags reading, "WHO SHOT BIGGIE?"



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