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Updated almost 8 years ago,
Investing in Compton Ca.
Hello everyone,
I've been planning to make my first deal for a lil while. However, I want my first deal to be a great jump start to the REI world thats why I'm planning on buying a 2 unit/duplex as my first investment so I can live in one and rent the 2nd one (Since Im a first time buyer I know I woulnt be able to qualofy for anything over 2 units).
I currently live in Torrance and I would like to purchase a property near by but prices around here are outrageous. Consequently, I started looking at properties near the South Bay area and I ended up in Compton. Why did Compton caught my attention?
-Numerous foreclosure properties or pre-fore.
-Many 2 units/Duplexes available, most of them are fixer uppers
-Prices are significantly lower than any other surrounding areas.
What do you guys think? Do you think Compton could be a place to invest? Or too risky?
Thanks