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Updated almost 5 years ago,
911 Call Saved me $$$$
Good morning! Just wanted to share a situation that will benefit brand new investors and the most seasoned. Know your neighbors!!
I was in the process of purchasing a full-gut property in a great area. Lower income, but close to beaches, A+ schools, shopping, etc. Long story short, the rehab just needed too much to make sense of the deal.
Fast forward one month, we are dispatched to an overdose (full-time fireman) next door to the property and it turns out to be a half-way house. I’m so glad the deal didn’t go through! I should’ve done more research at the time but I’ll never forget that lesson.
Hopefully this helps some of you in the future!!