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Updated about 7 years ago on . Most recent reply

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18
Posts
9
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Rameez Balagamwala
  • Houston, TX
9
Votes |
18
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Opinion on area in Houston: Cashmere Gardens

Rameez Balagamwala
  • Houston, TX
Posted

I am fairly new in the game. 

Investing in a low-income high-crime neighborhood is out of my comfort zone, but being in the biggerpockets community, i gather the impression that a lot of good deals exist in C neighborhoods.

That said, specifically, what do you guys think of the Cashmere Gardens area? 

Mostly small houses built around 1945, block and beam foundation. 

Surveying the area, my impression was that it was cleaner and more well-maintained than I expected.The signs for rental vacancies posted around the area emphasized on "no credit needed". I generally had a positive feeling in the area. 

Thanks!

Most Popular Reply

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1,635
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1,363
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Michael Le
  • Developer
  • Houston, TX
1,363
Votes |
1,635
Posts
Michael Le
  • Developer
  • Houston, TX
Replied

I would categorize Kashmere Gardens as a D, not a C. I haven't been over there in a long time so I'm going mainly based off of memory and reputation but I'd be wary of investing there if you're new to this. You're chasing cash flow without realizing that expenses and delinquencies will eat you up. As long as you understand what you're getting into, you can make money. Most people will underestimate and will lose out.

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