Just when you find a multi-family deal that peaks your interest...

[Ryan Huebinger]

Found a complex on the MLS recently

10 units. 6 are 2/1 and 4 are 1/1

Recently rewired and replumbed. Google street view actually shows it all boarded up from the image in early 2013

Price tag $300k

MLS states NOI is around 44k a year

90% occupancy

I look at where it is located and it is in a lower income area, which I could deal with

Then I look up the crime stats for the area. And 3 of the current residents are all registered sex offenders. One low risk, one medium risk, and one high risk. And I get to thinking "crap if I did actually buy this, I couldn't bring my wife or my kiddos by the property"

SO for most of you is this a deal breaker?