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Updated over 7 years ago,
Any recommended read for buy and hold in low-income neighborhood?
I'm looking into buying the first investment property, and it seems like the only thing I can afford at the moment is properties from a low-income neighborhood without putting me into significant financial risk.
I drove around the neighborhood my prospect property is in, and I got scared.
It's not that I was in physical threat or anything, but I was just worried that I've never been in a low-income area, and I feel that I'm not prepared for the task. Besides, I was planning on house hacking for at least a year.
Is there any good books or articles you recommend that will give me a good idea of what it's like to manage properties in a low-income area?
Thank you very much.