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Updated over 5 years ago on . Most recent reply
First investment prop. But not 100% sure on the neighborhood
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
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?"