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Updated over 3 years ago on . Most recent reply

User Stats

78
Posts
60
Votes
Christopher Lane
  • Rental Property Investor
  • Oceanside, CA
60
Votes |
78
Posts

BRRRR question - Will I see any equity in a bad neighborhood?

Christopher Lane
  • Rental Property Investor
  • Oceanside, CA
Posted

Hey everyone, I have some cash but it isn't enough to get a good property so I feel like this is a perfect chance for me to get a BRRRR property!

The question I have is this: The Property is in a decent sized city but in a C class area, If I purchased the home and rehabbed it, would I realistically be able to see a return on the equity? Homes in the area do not go for all that much more, and the nicer homes in the area arent that much more. 

Thoughts? 

Thanks!

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