Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago, 07/17/2013

User Stats

17
Posts
0
Votes
Matt Markel
  • Homeowner
  • Council Bluffs, IA
0
Votes |
17
Posts

Should I deal or run for safer turf???

Matt Markel
  • Homeowner
  • Council Bluffs, IA
Posted

So I have been looking for deals. I found one that makes money, but the homes aren't in a good area. A guy is selling 5 single family homes, for $115,000. The rents total at $3100/mo. Properties would all be 10-15% below assessed value. He is willing to do seller financing, but the homes are in an area of town that I would only go to from about 8am to 12 pm, and crime rates are a little higher then average but not the worst part of town. The owner has owned them for about 20 years and has done some upgrades, he says he is just ready to get out of single family homes, to focus on his multifamily properties. What do you think??

Loading replies...