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Updated about 14 years ago,

Account Closed
  • Wholesaler
  • Miami, FL
3
Votes |
346
Posts

Investing low income cities questions

Account Closed
  • Wholesaler
  • Miami, FL
Posted

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 ?

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