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Updated over 12 years ago on . Most recent reply

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Bienes Raices
  • Orlando, FL
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Rental house on a busy street?

Bienes Raices
  • Orlando, FL
Posted

I know that it may have a lower resale value in the future because of the street, but does it still make sense to buy a rental on one of these streets if you can get it at a good price?

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Nathan Emmert
  • Investor
  • San Ramon, CA
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Nathan Emmert
  • Investor
  • San Ramon, CA
Replied

My opinion, just about every property "can" be a good deal... you just have to accept that "good" is entirely relative to the property.

Because of location it may take longer to rent, attract a lower quality tenant, have a more transient population, demand lower rent... etc.

As long as you've taken all those things into account and STILL have a good price, why wouldn't you buy it?

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