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Updated almost 7 years ago on . Most recent reply
DON"T WANT TO START OFF IN A "F-" NEIGHBORHOOD
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!
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@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.