Memphis Investors and Investors in general

[Dwayne Jones]

I've been a member of biggerpockets for a few years but recently decided to become more active and engaging. Too my surprise there are a lot of paper pushers and number crunchers with little or no knowledge of inner-city engagement. I hear horror stories about ghettos and slum communities and most of them probably never visited with the people in the community but will pass judgment based on a computer comp or drive by inspection. Inner-city investing is not for everyone but don't give opinions based on what you've heard and not experienced. Yes, I've seen properties trashed but I've seen suburban homes trashed just as bad. If you don't provide inner-city people with quality and affordable housing where will they go? They will move in together and run a property down or move in for a short period of time and try to pay a too high rent only to have the investor spending funds to clean and repaint before the next renter. It takes the right temperament and business knowledge to operate in the inner-city. Yes, there is money to be made in the inner-city but poor construction and poor management is a disaster waiting to happen. It's not for everyone but hiding behind a keyboard and not being part of the solution is counter productive. Again, inner-city investing is not for everyone and definitely not the faint of heart or most newbies. Terms like rough neighborhood, ghetto, poor areas, and others are used and you probably never met many people in the area you are referring. This many not be everyone but I've seen quite a few post over the past two weeks about so called bad neighborhoods. But who is willing to make them better?