Newbie in South Florida wondering about emerging areas

[Nancy Rich]

Hi,  I'm a newbie from South Florida.  I'm wondering about less desirable areas now but that area 1.3 miles from the beach. The houses there are tiny and not updated at all but are going for 175,000.  Does that sound like a place to invest?

[Share Ross]

Hi @Nancy Rich ! 

What city are you talking about? It depends on the city and if the neighborhoods are improving. I would take a look at comparables to see what the highest priced property has sold for along with the lowest. 

And of course, don't rule out house hacking for yourself and .... investing out of state, too! Welcome to BP!