4 plex in c- d+ area

[Lance Queen]

I found a 4 plex in an area I said I would never invest in but the seller is only asking $15k. It’s not what I would call a war zone but there are still burglaries and drugs in the area. 99 times out of 100 I would walk away but it’s a all brick building actual 4 unit not a conversion on a busy corner. Two units are ready to rent and the other two need work. I’m comfortable with the repairs and the condition of the building but I’m stuck on the area. I’m blinded by the asking price of 15k. Don’t know what to do.

[Neil Schoepp]

@Lance Queen

You have set your criteria. You did so when you were not emotionally involved. Stick to it. It is why we create our criteria BEFORE we look for properties.