Go or No-Go Decision for SFH with Recent Shooting News

[DP Patel]

BP Gurus,

There is this property in Corinth, TX, which I have it “Under Contract”. Yesterday, I have completed the home inspection and everything looks great on that, with minor repair. My strategy is “Buy-and-Hold” for long term.

Here is my dilemma: On 8/11, there was news about “Corinth man accused of shooting at Dallas firefighters, police” (http://www.dallasnews.com/news/crime/headlines/20140811-police-man-shot-at-officials-at-fire-in-far-north-dallas.ece) , the man has lived across the home, which we are considering on same street. Overall, it’s a very quiet neighborhood, with this rare incident. The shooting took place away from this neighborhood in North Dallas area. (25 miles away)

Here are some more video about the suspect on CBS news and I have seen these news channel vehicles parked yesterday at the street, while I was there to talk with my home inspector. (http://dfw.cbslocal.com/2014/08/12/dallas-ambush-suspect-charged-with-aggravated-assault/)

I would like to know, should I move on with this home or terminate my contract? Considering, I want this property for Buy-and-Hold for long time.

Any advice/help will be greatly appreciated.

Thanks,

DP

[Andy Luick]

It wouldn't cause me any concern at all.  If it's buy & hold either rent it single family or as shared housing and you'll do just fine. The news about the neighbor will die down and be replaced with the next shooting, murder or whatever.  See what you can find out on the guy beyond this incident....unless he has a long history, I'd get on with the deal if the numbers are right.