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Updated almost 10 years ago,
Would you buy a house in the bad part of town if the numbers looked good?
I've read many books on this stuff and I've heard a few times not to buy in neighborhoods that you wouldn't feel comfortable walking around in, etc.
Wanted to know your take on buying places that show good numbers but in a not good neighborhood. And on top of that, getting new tenants could be an issue....as the language barrier would hurt me.
There's a couple long term tenants in there now, house has been updated except for the mechanicals, etc. Not a great house, but not a bad house.
Was thinking of throwing an offer out there, but I don't know if the potential issues outweigh the numbers, etc.
Any thoughts? Pros/Cons, etc?
Thanks,
Johnny