Found My Interest in Gentrification-Tips/Insight for Newbie?

[Angela Dani]

I've been listening to the podcasts and audiobooks everyday for a solid month now, and dove into viewing low-income area properties with decent knowledge and proper resources in place for flipping. This is a new field of work for me (engineering degree), and have really enjoyed learning from hearing peoples experiences flipping, but have not gotten much insight from peoples experience/lessons learned with investing in up and coming areas for multifamily home flips. Any tips, tricks, recommendations, things I should know as I dive into this venture from your experiences?

Thank you! 

[Dawn Brenengen]

@Angela Dani One thing to know about investing in these areas is "gentrification" is typically seen as a bad thing for communities overall, so I would make sure you understand the term and the impact and not use the word to express something you WANT to do.  I saw a RE Agent get totally blasted in my area when she said in a listing "Great home in a rapidly gentrifying area!"

As investors, of course we are looking to upgrades homes in communities and elevate the desirability of areas, but there is an impact to that too.