Buying in high crime areas

[Rasheed Chambers]

I am currently under contract with an owner to purchase a property in an area with high crime (gang related). This contract is currently under attorney review. however I am considering backing out of the deal, not because there is something wrong with the property or the numbers, I fair for my safety. I have a FHA loan which would require me to live in the property for a least a year. Should I pull out the the deal or just stick through it?

[Thelonious Jones]

What ever you feel comfortable with. But keep in mind people are people if you treat the respect and demand respect of your space you should have minimal problems.

We invest in high crime and high distressed areas of Atlanta, you will always have some issues, but it all depends on your comfort level.

I had the same loan you had on my first property, had no real issues and it was in a very high crime area. I witnessed 4 people shot in front on my house within 5 years but that is the way life is. I, personally, never had any issues.

Hope this helps