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Updated over 7 years ago,
Best security against burglary/vandalism
Im looking at this property which is located somewhere out there in farmland in a B- class area. The property consists of 3 constructions: a 2 family house (occupied), a large garage (occupied) and a deserted office space. All seem to be in excellent shape. My objective here is to purchase the lot, keep renting out the house and garage and move in valuable inventory to the office space. This way, Im saving money in storage, and actually collecting a bit of cash flow in the process. The asking price is 45k. Again, I am not concerned with living there, just keep on renting it out and primarily use it as a storage facility. The cash flow is around 750 a month (NOI will probably be around 430)
There has been some reported crime not too long ago in that area, as the map zoning is red and Im a little concerned.
Do you think its a good plan? and if so, what would be the BEST way to protect my valuables in that office space?
Thanks in advance for any suggestions/ideas!