Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago,

User Stats

2
Posts
0
Votes
Ryan Lepage
0
Votes |
2
Posts

Low end rentals bring low end tennants?

Ryan Lepage
Posted

Hey guys I'm looking at purchasing my first rental property. My dilemma is that I cant decide between buying a lower end property in a not great neighbourhood, or spend much more in a better area?

Option 1 

Purchase price 80-120k

potential rental income 800-1200/mo

Option 2 

Purchase price 200-280k

potential rental income 1200-1500/mo

My issues aren't  so much with the numbers per say but with the potential of bad tenants filling in the bad areas. I'm having a hard time trying to come up with a value for turnover and damages. Any help would be greatly appreciated.

Loading replies...