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Updated 11 months ago on . Most recent reply

Account Closed
0
Votes |
1
Posts

Properties in low income / bad neighborhoods

Account Closed
Posted

Hey everyone!
Starting my wholesale journey right now :)
I have some experience in buying real estate for rentals and flips.
As a rule I made for myself, I won't work in areas where I know crime levels are high and are generally low income areas, becasue I know how hard it is to sell them (if its a fix & flips) or rent them.

Nowadays I'm looking into starting my wholesale business and was curious about that...
Does it matter for the cash buyers? I get that each investor is different but generally speaking, for the average fix & flipper does it matter?
Should I still filter those bad neighborhoods?

Thank you all!

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Caleb Brown
  • Real Estate Agent
  • Kansas City
2,349
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3,350
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Caleb Brown
  • Real Estate Agent
  • Kansas City
Replied

Bad areas are harder to sell. I see wholesalers sit on these contracts and waste their time. It's better to target better areas. It'll be more competitive to get one but they will sell and it's good price points 

  • Caleb Brown

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