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Updated over 5 years ago on . Most recent reply

User Stats

116
Posts
38
Votes
Armel Bayot
  • Rental Property Investor
  • Walnut Creek, CA
38
Votes |
116
Posts

What are your thoughts investing in cities with drug problem?

Armel Bayot
  • Rental Property Investor
  • Walnut Creek, CA
Posted

Doing some research regarding the cities I'm planning to dive in for out of state investment property and came across these articles. Any tips when investing in cities with drug problem?

https://www.monarchshores.com/drug-addiction/10-cities-with-worst-drug-problems

https://www.cnbc.com/2019/07/10/how-ohio-is-coping-with-high-opioid-overdose-rate-slamming-its-economy.html

Thanks!

  • Armel Bayot
  • Most Popular Reply

    User Stats

    63
    Posts
    59
    Votes
    Sheldon Zimmerman
    • Real Estate Agent
    • Pennsylvania
    59
    Votes |
    63
    Posts
    Sheldon Zimmerman
    • Real Estate Agent
    • Pennsylvania
    Replied

    I'd recommend knowing your market as well. But there is a drug problem in every city. The best thing is to have a team that screens your tenants well. But even that might not catch it if someone becomes addicted over time. I would just know the market and area you want to invest and that will help in this matter. I would not invest in an area with high drug problems personally. 

    • Sheldon Zimmerman

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