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Updated almost 10 years ago on . Most recent reply

User Stats

75
Posts
10
Votes
Johnny Kula
  • Rental Property Investor
  • Billerica, MA
10
Votes |
75
Posts

Would you buy a house in the bad part of town if the numbers looked good?

Johnny Kula
  • Rental Property Investor
  • Billerica, MA
Posted

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

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