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Updated almost 7 years ago on . Most recent reply

User Stats

25
Posts
1
Votes
Sandeep G.
  • ohio
1
Votes |
25
Posts

seeking urgent advice for investment property

Sandeep G.
  • ohio
Posted

Hi all,

i am buying an investment property near downtown Orlando(zip 32805).

the house was built in 1966..no major issues with the rood or the property overall(1100 sq ft duplex) and it might also give me a positive cash flow.

there is news about a new development coming up in the area in the next few years. however i believe the crime rats are higher aaround the area and people who rent here wont come with a good credit history.

Im a very worried now about the challenges that i might have to face with such risky properties. should i still go ahead with buying or back out ??

any honest suggestions are welcome

Most Popular Reply

User Stats

208
Posts
271
Votes
Holly Williams
  • Rental Property Investor
  • New York City
271
Votes |
208
Posts
Holly Williams
  • Rental Property Investor
  • New York City
Replied

Go with your gut....always.  

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