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Updated about 8 years ago on . Most recent reply

Adam C.'s profile image
Adam C.'s profile image
Adam C.
  • from Midway, UT
  • Member since Mar 18, 2017
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Adam C.'s profile image
Adam C.'s profile image
Adam C.
  • from Midway, UT
  • Member since Mar 18, 2017
Connect
Adam C.
  • Midway, UT
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Multi-Family and Apartment Investing

Buy, renovate, rent, refinance - Lower income areas

Adam C.
  • Midway, UT
Posted

What are your thoughts on investing in lower income areas? Not horrible, just lower income, downtown. Pros? Cons? Problems? Good idea, Bad idea? A good friend of mine just started buying properties in lower income areas to buy, renovate, rent, refinance, pull his money out, and hold. Then do it again. He hasn't done it long enough for me to see results. Any thoughts?

We're looking in St. Louis primarily

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