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Updated almost 3 years ago,
To buy or not to buy
I am fairly new investor but I do own 16 units. There is a 13 unit building for a real good price that I’m interested in but it is in a neighborhood that seems to be trending in wrong direction. The building is completely empty right now and only needs minimal work to have all apartments rent ready. Should I wait for something in better neighborhood or if the numbers are right should I put in an offer?