Buying Low income properties ?

[Jake Diamond]

I have an opportunity to purchase 2 properties (One 3 unit & 1 two unit) both full rented in a low income area. Houses are side by side to each other. The owner is willing to owner finance at $90,000 for both with 5% down at 4% interest for 5 years. Houses are in fair condition obviously this would be pending home inspection given there was nothing major wrong with them. Thoughts on low income neighborhoods and what are your thoughts on this deal ??

[Shawn Coverdell]

Hood properties are a niche that is only for the hardest and thickest skinned investors. All my properties fall into this category. I carry a gun daily. I sometimes wake up in the middle of the night asking my self, did that really happen? I can't really describe it, you just have to live it to understand. You better be able to pick up a human turd from off the living room floor,  Dispose of a mound of hundreds of used women's pads, Take an entire truck load of used baby diapers to the dump and then go to lunch. 

If you can do all of those things and some others I will not mention on here, You will be one rich dude. You can retire in 5 years if you want too. The cash flow is off the charts. I read the posts on here and think to myself man, those numbers suck compared the what we are seeing. 

Shawn Coverdell

Homes in the Hood