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Updated over 7 years ago, 07/29/2017
Buying a Duplex Across from a Cemetery
Hello everyone!!
I have a question I am hoping you guys can help me with. I'm relatively new to investing, but am looking to build a portfolio. I currently own a duplex I purchased as my first home-- I reside in one side and rent the other. My "plan" at this point is to property hack and hop from multi-family to multi-family, acquiring rentals along the way. I am single with no kids, so this should not be too difficult for me.
I have located a duplex nearby that is listed in favor well above the 1% rule. It seemed too good to be true, so I looked a little closer at it, and found it is directly across from a medium-ish (maybe an acre) sized cemetery. While I take no personal issue with it, I wonder how that'll impact the rentability of it.
What is the risk in purchasing a rental in such close proximity to a cemetery? Should I just walk away, and not consider it? Or am I overreacting and it's really not a big deal?
Thank you so much!