Getting start first purchase

[Victor Monroig]

I’m new to real estate investing. There’s (what I think) is a really good deal out there, but my realtor thinks the area is sketchy. In fact he says it’s the worst part of the city.

Unfortunately, financially we can’t afford to buy in nicer areas just yet. We could but I think the growth of the company would just be slower and this deal in the “worst part of the city” would really put us ahead of my initial goals of 8-10 units within 3 years.

Cash flow has the potential to be really good allowing us to further invest and eventually get into other parts of the city.

Just to be clear what my realtor means by “worst part of the city,” is high crime and drug issues.

He says the type of people we would want to rent to would not likely be looking in this area and turnover could be high.

I work full time so managing properties with high turnover could be an issue.

I joined this forum to get some advice from people who have invested in high crime areas and what their experiences have been and how they manage them.

Thanks everyone!!!