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Updated about 6 years ago on . Most recent reply
I want to buy a building but.......
What are some reasons why you wouldn't purchase a building? Over time, I found many outlying factors that would turn investors away, however, in the back of my mind, I still consider this thought often; someone is going to buy it eventually, so why pass it up. Even if there's a lot of work to be put in, someone somewhere is going to have to "bite the bullet" and do it eventually so why wait? I know the logical answer but I would love to hear people's thoughts or past experiences!
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@Kanica Gooden it needs to make financial and logistical sense for YOU.
There are a lot of people who make great money in C/D class neighborhood and war zones, but that is NOT for me.
There are lots of people who make good money flipping fire damaged properties. I could probably do it, but I don’t have the contractors that I trust in my back pocket, so it probably wouldn’t work out great for me.
I find properties that work for me and my situation and I make good money with them - but I look at some of the posts here and couldn’t imagine dipping my toe in that pool at all! It’s not that they are bad, they are just bad for me.