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Updated over 6 years ago,
less profit class B+ neighborhood or more $ Class C-
This is a ? that we have not really asked ourselves until now. Until now with 22 units its been finding great deals with awesome cash flow.
Lately I have been listening to a lot of BP podcasts and it has me changing my mind. Its just hard to wrap ones mind around making less cash flow when that has been the strategy that got me to 22 units. (A lot of the properties are C)
We have 2 different properties that we can buy. The quality of house is about the same...needs some work. But one is in C- neighborhood and makes decent 2-300 cash flow more than the B+ neighborhood home...same purchase price.
Does anyone have any guidance as to the risk rewards of either direction?