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Updated almost 7 years ago on . Most recent reply

User Stats

82
Posts
75
Votes
Douglas B.
  • Buffalo, NY
75
Votes |
82
Posts

SUB30kCLUB: why invest in sub30k properties in the first place?

Douglas B.
  • Buffalo, NY
Posted

For Renee and I, it's all about the numbers. We truly believe that the goal of investing is to get the most return on our investment dollar. A 100k duplex that rents for $700/unit is simply not as profitable as a 30k duplex that brings in $500/unit. It's just simple math.

Ive heard arguments that low income tenants are a risk for crime, delinquency, destruction, etc, but I've also heard experienced landlords say that carefully screened section 8 tenants can be their most profitable tenants!

So why are YOU either already investing in sub30k properties or why are you considering doing so?

I'm planning on releasing a new sub30kclub question each day for us to discuss. PM me with topic ideas and let's learn and grow together!

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