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Updated almost 18 years ago,

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Bad Hoods

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Hey guys, need some insight on this.. There are several homes in my area, around $15,000-$30,000.. But they are in crap neighbor hoods.. Is this a gold mine, or not.. It seems no-one wants to do anything with these homes.. Should I look into these, and try to gather homes in the same hood, to maybe try to turn things around? Wouldn't you think that at some time, things will get better, with lighting and alarms, and nice taken care of yards? The thing is, you can look at comps, and they range from $45,000-$60,000..., but then a new house goes up, and sells for $120,000...., in the same hood.... So, am I looking at a glass half full, or half empty here? Some-one has to do it, right? Ghetto folks want updated homes, right? LOL, I know it sounds funny, to some, but this is serious.. I have thought about this alot, and it seems to me like could work out... :superman: I mean right now, I can find about 20-30 homes, in this range, with-in 5 miles from me...

LOL, makes me sound like I'm in the ghetto, LOL, :shock:

What do you guys think about this..

Also, there is a new thing going around here with the fire dept.. All homes must be inspected, for working windows, and things like that.. I am thinking that this might be a big cash-in opp, just from owners ( out-of-town renters ) because they dont want to invest to get things right, and might just sell cheap.. Ummmmm.. Thats one of the big problems aroiund here, being lack of good land-owners, to take care of the properties, while living out-of the area.. They just dont care, as long as they get the money from rent.. You should see some of the places around here, lol.. But I'm sure you folks know what I'm talking about..

Hey, thanks for the in-put, and have a great day..

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