General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 14 years ago,
Investing low income cities questions
Hey everyone!,
I am from CT here and have been looking around at some Bank REO's using this website. I have found a few that are priced really cheap like 15-40k for some multifamilies. The neighborhoods are rough as I expect and the properties all need a good amount of work. My question is that even if the area is rough and has drugs, crime, and should I stay away from those properties because most likely the tenant will destroy the place? What should I look for when investing in cities with low income families ?