Pros / Cons of Buying Four Houses on the Same Street

[Ron Averill]

I'm considering the purchase of a package deal of four houses on the same street. There are 18 houses total on this street. 

What are the pros / cons of owning multiple properties this close together?

[Michaela G.]

What is your end game? Are you trying to rehab and sell? Keep and rent? 

If it's a transitional neighborhood and you're thinking of flipping, then I would consider selling 2 of those to other flippers, who you know will do a good job - unless you can do all 4 at the same time.

You can really turn a street around, if you have several properties that are nicely renovated. If they're all ready at the same time, they will help pull up all the values on the street. But if you were to do one at a time, it would be a slower sale and smaller price increase.

Just my opinion.