Enhancing a community

Enhancing a community

Malden, MA · Member since 2016 · 112 posts · 63 votes

Hello BP community...

Lately I've been thinking about my pursuit of real estate investing and something random came into my head and I wanted to hear your thoughts on it.  From what i've seen... there is a population of people who stay away from "warzone" communities and another population who loves the cashflow in them but has an understanding of the risk in having bad tenants tear up the place.  With a higher risk of tenants tearing up a place, results in investors logically not putting that much money into the property but keeping the property as sturdy as possible.  My question relates to the possibility of not only enhancing a house, but enhancing a community of houses in which an investor increases the value of all houses around rather than following suit with whats on the market.  Is this wishful thinking or is this a practice that currently goes on.  Outside of wanting to make money, I feel it would be so fulfilling to turn a community around (not gentrifying the community) instead of focusing strictly on the save nice communities.  Does anyone else believe that by bringing quality houses to a "warzone" (or close) community could help bring some pride to that community ultimately getting tenants or owners to want more for their properties?  I'd like to hear your thoughts on this one.

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  • Ladson, SC · Member since 2015 · 3 posts · 1 vote
    10y

    Hi Andrew, My thoughts exactly. I want to start in my own community but just starting to put the thoughts into action. It is not just about the money for some people even though that is what we need to survive. I am going to check into grants for this. Low income, war zones, ect. deserve good living conditions and surroundings.

  • Malden, MA · Member since 2016 · 112 posts · 63 votes
    9y
    Yea, getting that message across to the potential buyers/tenant I believe would be the biggest obstacle... but as long as they believe in you, I believe they'll care about the property.. Not sure many others feel our sentiment though haha.. oh well.. potentially untapped market
  • Real Estate Agent · Columbia, TN · Member since 2016 · 34 posts · 16 votes
    9y
    A little late in the game here, but this is exactly what I'm doing with my non profit affordable housing agency. Along with another local non profit, and two other private investors, we are "taking back" a section of town that has been taken over by gangs and drug dealers. It's an ongoing process, and one that continues to surprise me in the faith the community has in itself.
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