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Updated over 6 years ago,

User Stats

33
Posts
6
Votes
Ricky Sabogal
  • Flipper/Rehabber
  • Chesapeake, VA
6
Votes |
33
Posts

Investing in rough neighborhoods

Ricky Sabogal
  • Flipper/Rehabber
  • Chesapeake, VA
Posted

So I'm looking at a home that on the other side of the block has nice homes, a street I would walk through at night alone.  This home is on a street, I wouldn't like to walk down that block alone.  I drove by the property yesterday during the day and I asked myself if the comps would come in for this property.  Has anyone had experience with a situation like this?  I keep telling myself, "There is a number for each home." but I still have some concern.  I'm not going to pursue this property but I would still love to hear about anyone who did a fix and flip in a rough neighborhood.  What are some things that should be considered?

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