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Updated over 5 years ago on . Most recent reply
Buy or pass: condo next door to the community pool
Newbie investor here. I am brand new to investing (reading and researching daily, though), and will close on my first investment property (not the one described below) at the end of this month.
I just viewed a beautifully renovated condo that I'm interested in purchasing for my second property. It's 3bdr/1.5ba, move-in ready, only its directly across from the community pool and playground. While these things might or might not bother some tenants, I personally would never consider taking up a lease in a location with the potential noise factor. Background: I'm childless, an introvert, and enjoy my peace and quiet.
Should I pass on this investment property because of the location? Am I projecting too much of my own preferences on this one?
I'm assuming the tenants would have kids since it's a 3bdr. What's your experience in renting out units near a potentially noisy area?