DO PEOPLE REALLY STILL DO THIS BUSINESS

[Verlin McClendon]

Let me just start by saying the tagline for this post is a little misleading... obviously people still do this business... So I have, what I think is a pretty SOLID deal under contract and have approached some buyers about the deal and the all say the same thing... "I'm not buying in that area". From everything that I've seen and read about investing a SOLID deal is a SOLID deal regardless of location.... I want to lay in out and see what you guys thing.. WHAT AM I MISSING

DISCLAIMER: This is not a solicitation for a buyer just more advice(for the admin)

the house is a 3/1 on a slab... Its currently occupied and the tenant is on housing(so the rent is all but certain) and pays $750/mnth. there are no repairs needed cosmetic or structural... Granted the house is in a C to C+ neighborhood but it is the nicest house on the block. Tenant pays all utilities.. appraises for 68k sales price is 65k(no repairs needed).. Tenant is to remain in home after the sale..

So that's it.. Someone tell me what I'm not seeing..

Be Blessed

[Jake Thomas]

I agree with @Russell Brazil location is the single most important part of RE. 

We look for the ugliest house in the nicest neighborhood not the nicest house in the ghetto. If your buyers are saying I won't buy in that area its the ghetto.