Investor buys property in area you're investing in GOOD OR BAD?

[Pedro Duarte]

Hi Biggerpockets, I am basically a rookie in REI investing. I have a rental property in NJ and have a little bit of experience but I am interested in making a career out of this. I will be moving to Jacksonville, FL for work reasons and plan on starting my journey there. I understand that there can be a lot of competition for the best deals so I would assume that an investor would not want to share information on a deal in a neighborhood they invest in. While that's reasonable, I would also assume that it can be beneficial to that investor if I develop a property in their neighborhood, especially if that is a bad neighborhood, because in turn, I'd be helping them develop that area which will make their property value go up.

I'm wondering how other people feel about this. Thanks.

[Taylor Dasch]

Investors could not care less who is buying in their neighborhood IMO. One property being fixed up wont change a whole neighborhood.  What I see typically is that individual investors will buy property in an older neighborhood, fix the properties up and rent them or sell them. Over time this will increase the value of the neighborhood. It is also very possible that an investor would share deals with you as some investors, especially newer ones, dont have the capital to purchase every property that fits their criteria. Also, your criteria and another investors criteria are highly unlikely to be the same so it isnt likely that yall will be competing for deals.