Should you buy A properties in A neighbourhoods...

[Jamie Montpellier]

Dear BP members,

Here's the thing, we constantly hear about buying value right from the get-go and so I wish to know if buying turnkey properties in A neighbourhoods is a no-no because the value is already priced in...

Or should we be bargain hunting and looking for :

B type property in A type neighbourhood

C type property in B type neighbourhood

What do you think?

Jamie

[Terry Hershberger]

@Jamie Montpellier  I own all three. All will work depending on your goals. You should really be looking for deals. You make money when you BUY! So if you buy right, you will make money. Also if it's a buy and hold long term property, you will want to make sure it will cash flow. I generally like to get at least 25% Return on my cash in from the cash flow. Hope this helps you.

Happy Investing!