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Updated 6 months ago on . Most recent reply

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217
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63
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Alex Silang
  • Real Estate Professional
  • Las Vegas, NV
63
Votes |
217
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Buying in an "A" neighborhood vs "C" neighborhood

Alex Silang
  • Real Estate Professional
  • Las Vegas, NV
Posted

 I currently own 1 "C" neighborhood and have had great success over the past 7 years. Keep rent a little bit below market and keep the property maintained and you can get great responsible tenants. 

I'm weighing on buying a "A" property though. 

1) I heard that section 8 in a way offers downside protection for land lords.  In a recession, you can just fill your property with section 8. Thoughts?

Any other thoughts?

Most Popular Reply

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528
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329
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Carini Rochester
  • Investor
  • Rochester, NY
329
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528
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Carini Rochester
  • Investor
  • Rochester, NY
Replied

People are usually in section 8 due to poverty and severe employment/income producing related problems. In my area 99% to 100% are living in the inner city. I doubt that trying to rescue a "A" property by filling it with a section 8 tenant will work. It could work in your "C" property. 

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