Considering duplex or triplex in Lake Worth or Delray

[Andrew M.]

Im from NY, but have been considering properties in Lake Worth or nearby. From what i've seen, the cash flow on these is great. It seems i would be able to pay a management company 10 percent and still make at least 10 percent cash flow on my investment. The rents are high compared to the price of the houses.   

So this makes me wonder... is it true that when the return is too good, there will be lots of problems? Im not familiar enough with the area so I'm cautious about the decision. Any input on Lake Worth from local professionals? Thanks!

[Megan T.]

If you look at the map of the opportunity zones in Delray and Lake Worth, you will get a good idea of where the C-class neighborhoods are. The map is far from perfect, but it will give you an idea of the neighborhoods if you aren't familiar with the area.
https://eig.org/news/opportunity-zones-map-comes-focus