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Updated about 7 years ago on . Most recent reply

User Stats

73
Posts
24
Votes
Josh July
  • Roseville, CA
24
Votes |
73
Posts

DON"T WANT TO START OFF IN A "F-" NEIGHBORHOOD

Josh July
  • Roseville, CA
Posted

Is this a scary area to consider investing? I was searching for foreclosures/preforeclosures and I found a relatively cheap/"the numbers worked"

I do not have a credit or capital currently and FRANKLY, I DON"T WANT TO START OFF IN A "F-" NEIGHBORHOOD SINCE I DON"T WANT TO DIE OR ALMOST DIE every time I COLLECT RENT!!!!!! The property was foreclosed on in 2010 and sold for 110k(bank wanted 206k HUD home listing); right now the bank re-forclosed on the 110k loan recently in Dec 2017!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I see a correcting and major crime heading towards Sacramento and greater Sacramento county very soon!

Most Popular Reply

User Stats

1,305
Posts
560
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Gordon Cuffe
  • Investor
  • Roseville, CA
560
Votes |
1,305
Posts
Gordon Cuffe
  • Investor
  • Roseville, CA
Replied

@Josh Julyyou don’t have to worry because the property will not sell for 110k. It will sell for a higher price. If you don’t have the means to buy it , then you should wholesale the house and make money that way. You will not hold onto as a rental. 

  • Gordon Cuffe
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