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Updated over 5 years ago on . Most recent reply
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Investing in C neighborhoods
Well guys I know this post is highly opinionated but....I would like to gather some opinions on how comfortable you would feel investing in C neighborhoods. Im still looking for my first house hack and it appears the C neighborhoods may have the best bargains. Now i do see a lot of great opportunities in B neighborhoods but just not as frequent. Can someone with experience in C neighborhoods in the Cleveland area offer some input.
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Aggressively screen tenants. For C class neighborhoods think school teacher, factory worker, customer service, retail worker, first responder who make 3X than the rent with no violent OR non-violent felonies, no prior evictions. Also require online payment or direct debit, steep deposits such as 1st and last month's rent. If you consider section 8 that requires another level of scrutiny. Write up every infraction immediately, enforce it immediately and don't be afraid to use the threat of reporting them to their case worker to get them to comply. The last thing they want is to lose their voucher.