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Updated over 5 years ago on . Most recent reply

Account Closed
  • Virginia Beach VA
1
Votes |
4
Posts

Help! Good cash flow numbers but in lower class ghetto area

Account Closed
  • Virginia Beach VA
Posted

title says it all i have a fourplex under contract and upon seeing the location was not thrilled to see that it was in kindof a ghetto area and kinda run down. However the numbers and cashflow are very good. The already in place tenants seem fine but i know that tenants come and go. I just keep going back and fourth, I'm curious to know everyones experience in this area. Thank you all!

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39
Posts
47
Votes
Latisha Douglas
  • New Haven, CT
47
Votes |
39
Posts
Latisha Douglas
  • New Haven, CT
Replied

Read my thread....pretty active discussion on lower income properties.

https://www.biggerpockets.com/forums/48/topics/745381-calling-all-successful-low-income-class-c-d-investors

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