Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

7
Posts
2
Votes
John Smith
2
Votes |
7
Posts

Help! Ferguson MO section 8 property with good cashflow

John Smith
Posted

I am in a dilemma and need help. I am under contract for a SFR in Ferguson, MO that I found through roofstock. The property has good cashflow with a section 8 tenant and all numbers are looking good. Only problem is I got to know about the really bad neighborhoods in the Ferguson area from a local insurance agent and am getting second thoughts if I should even go with this.
The home was appraised for about the same value but am not sure if the appraisal can be trusted completely as lot can change in even a half mile distance in this area.

The home is near the forestwood park area in the 63135 zip code. It’s 3 bd 1 ba, 1320 sqft and the purchase price is $107k

Would I be able to sell this property later? Is the area really bad for resale? I am ok investing in class c properties as long as I get good cashflow and don’t have issues selling the home later. Or should I forego my earnest money and back out now?

Loading replies...