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Updated about 6 years ago on . Most recent reply

User Stats

437
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468
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Michael Doherty
  • Real Estate Agent
  • West Hartford, Ct
468
Votes |
437
Posts

Buy in class C to C- Neighborhoods and get a PM?

Michael Doherty
  • Real Estate Agent
  • West Hartford, Ct
Posted

Hi all,

I currently have two duplex's in what I would call class C to C+ neighborhoods. My main objective is cash flow for passive income and to eventually live off this. I am comfortable managing these units myself as but as I start to see where the real cash flow is- it's evident the cash flow is better in Class C- to D neighborhoods. I have stayed away from these areas as I would not want to manage them myself. But thinking more and more about it- it makes sense to buy 1-2 of these 'cash cows'  and hire out a PM. Who here has one or more of these types of properties in their portfolio to generate significant cash flow in addition to other A,B and C houses you manage yourself? 

Appreciate all the insights. 

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