If I had a penny every time someone said I want to by $10K houses

[Federico Gutierrez]

Maybe it's one of the most common questions because whom doesn't want to buy a cheap property at an affordable price?

But lets put it all on the table and just consider what your buying. You're not stumbling upon a gold mine, else a more experience investor would of snapped it up sooner.  The property is $10000 in a $20-40K neighborhood. It requires work as for $10000 we know it's not livable. Then lets consider $20-40K neighborhood just who your neighbors are? The kind of tenant you will attract if you plan to rent, if you plan to flip just how much do you think your profit margin is going to be $5K?

If your out of state you want a PM, but most of the time it's a neighborhood you would not want your mum to collect the rent after 7pm. So why would a PM company take on a headache (I didn't say business because ti goes back to my earlier question, just think whom your tenants are going to be?)

So please tell me WHY ARE YOU CONSIDERING THIS INVESTMENT?