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Updated over 7 years ago,
Lower income neighborhoods and investment properties
I wanted to see if anyone had had any experience with rentals in lower income neighborhoods. I've found 2, 2 bedroom, 1 bath duplexes going for 40k each in neighborhoods that would be considered lower income. I also found a 3 bedroom 1 bath for 14k, and there are a few other ones similar.
I know these investments are a whole different beast but as a new investor it could be a good way for I me to potentially pay cash from a HELOC for one or two of them and avoid having to get a mortgage.
Any advice or suggestions are welcome.