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Updated about 5 years ago on . Most recent reply
lewiston, maine investors questions?
I'm looking to invest in lewiston Maine multi family's but not very familiar with the area or problems. There are many boarded up properties what are the problems or biggest hurdles to over come in this city?
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@Thomas Theriault I live in Lewiston, Maine. Be vary wary of any streets that have tree names. Oak Street, Pine Street, Birth Street, etc, as well as Horton Street, are low income/high turnover properties. The properties are old and run down. At least one that's currently for sale is vacant with a lead paint abatement order. There is some racial tension as well with a very high population of African Muslim immigrants in a very traditionally caucasian state. There had been a LOT of controversy around landlords either accidentally or through neglect, having tenants live in deplorable conditions in the last few years. I recommend doing some real research into the atmosphere and culture as well as the numbers before making a firm decision.