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Updated almost 7 years ago on . Most recent reply
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Want to buy 11 unit apartments
I am looking at this 11 unit apartment complex(In Shreveport,Louisiana if that helps). I am very new to this I have never purchased any kind of real estate before. So from what I hear on the bigger pockets podcast I am supposed to be really nervous about it. But I am not going to let that stop me. It seems like a good deal they are asking 180k and they rent for 5 to 600 a month. Also it located in a very bad area so there will be a lot of evictions I am told. I haven’t actually been inside the property that is something that I am going to do very soon. I am kind of thinking that it is going to be in pretty bad shape but we will see. So basically my question to everyone is do you guys think that I am in over my head buying in a F neighborhood with 11 units, and my first purchase ever?
Thanks for the feedback
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
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Before actually visiting the property you might want to check if it is open carry or CCW. ;<)