Brooklyn, NY · Member since 2016 · 71 posts · 21 votes
Hi Everyone,
Hope you're having a great day. Considering a couple small multi units to use as rentals in Lubbock TX’s Bayless Atkins neighborhood. Would anyone with knowledge of the area please share what you know about the area? All opinions are helpful.
Would also like recommendations on a management company.
Investor · Greenville, SC · Member since 2016 · 24 posts · 5 votes
10y
That area is ok. It's holding value, but probably not going to appreciate as much as other areas if Lubbock. I would highly recommend HubCity Rentals as a management company.
Realtor · Lubbock, TX · Member since 2016 · 86 posts · 119 votes
10y
Hi Grace! I'm a new investor, but I have lived in Lubbock my whole life. That specific neighborhood is definately one of the least desirable in the city, although there may be some decent rental properties in the area. Some streets in that neighborhood are okay, and some parts of the area are like a war zone. I looked into purchasing a fourplex and a duplex in the area, and when I actually saw it in person, I was almost scared to even be there. I'm sure these properties will cashflow, but will provide some serious headache to the owner, even if the property is not self managed. Also, this area is one that I would say has a far less than average chance of appreciating compared to the reat of Lubbock. With all that said, there may be some deals to be had in area, but it might be a little risky. Feel welcome to PM me if you want to discuss it in further detail.
Brooklyn, NY · Member since 2016 · 71 posts · 21 votes
10y
@Jeremiah Phillips and @Jordan Sutherland, thanks very much for your valuable inputs. Your responses may be the missing pieces in understanding why the properties have been on the market for some time and the drastic reduction in prices.