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Updated over 8 years ago on . Most recent reply
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Property near fwy?
Hi there BP Friends! I'm looking to buy my first income property (MFR) I found a decent deal in the area I want to invest in but it's near a freeway. The area is good and the price is low likely because it's so close to the freeway. Wanting to know what you guys think about this? I'm afraid of turnover + appreciation of the property b/c it's so close to freeway. Would love to know your thoughts!
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I have lived near a freeway and hated it. Similarly with loud streets or near loud trains. Imo the property value will be hurt by this "economic obsolence" and turnover will be high or residents may be cranky from not sleeping well.