Property next to low income development need guidance

[David Xu]

I am in the middle of making an offer for a 9 unit (3 triplex) property. Its been on the market for over 70 days. The agent told me they had not gotten any offers which i was surprise to hear. There is a 100+ unit low income housing development being build right next to the property. Should this be a concern? 

[Bjorn Ahlblad]

Yes, the low income housing is a huge concern. There is no predicting how this will look in a few years. It is your money spend it as you see fit. Want guidance? My guidance is walk away and never think about this again. The risks are beyond price! All the best!