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Updated over 8 years ago,
Purchasing Only D Property Strategy - Do you recommend?
I want to specifically start a discussion on the topic of investing ONLY in D neighborhood quality properties.
I have spent a LOT of time here on BP the last 10 days and my horizon has been opened to a lot more possibilities then I ever expected. Living in Utah, I feel the barrier to purchase more and more properties is becoming more difficult for me. I have been reflecting a lot on the different strategies mentioned here on BP.
I see a lot of people say to stay away from D properties (specifically in OH, MI, etc) but I feel like there is little to no barrier to purchase those properties.
Is it a bad strategy to have a consistant purchasing behavior of these types of properties? I feel like if I purchase 10 properties over 2-3 years, 6 would be good experiences, 2 would be home runs and the remainder would be terrible experiences. The law of averages would favor you.
Do you recommend this strategy specifically for the buy & hold rental cashflow investor? Is there a better opportunity you would consider?