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Updated almost 8 years ago,
Would you invest in MFRs located in a "bad" neighborhood?
Hello BP friends,
I've been looking for cash flowing MFRs in Phoenix and Las Vegas area and noticed that the properties with good cap rate are located in less desirable areas, i.e., poor schools, high crime rates, etc. While cap rate may be enticing, would you recommend investing in these areas? I'm investing outside of my home state of California. Thank you in advance for reading!