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Updated about 4 years ago on . Most recent reply

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18
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Chris Snyder
1
Votes |
18
Posts

High Roi poor location

Chris Snyder
Posted

What's everyone's take on a multi home great ROI 18-20% cap but not the greatest of areas. I know the exit isn't going to be much but cash flow is awesome. Is it worth the risk?

Most Popular Reply

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Filipe Pereira
  • Property Manager
  • Windsor Locks, CT
1,863
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1,731
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Filipe Pereira
  • Property Manager
  • Windsor Locks, CT
Replied

Not worth it. If I don't feel comfortable sending my girlfriend to the property after hours to pick something up or drop something off, I stay away. That's how I gauge the areas I want to be in, at least partly. 

I don't care how good the returns are, if I have to pack heat to do maintenance calls, I'm not buying it. 

Are you going to self manage it @Chris Snyder? If you aren't, make sure you can find a property management company that will. Some property management companies will stay out of certain areas because of how rough they are. 

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