All Forum Posts by: Mark Cruse

Drop the price that's attractive to an investor.

@Willaim Allen, it's in Lexington Park, St Mary's.

I'm wrapping up a rehab in southern MD now and will be looking at PG or Bmore next. I will be in contact with some of you!

@William Allen, thanks. I just went with Home Depot. I can check them out next time.

I know multiple people that have made out on low income properties. It can go either way if you understand the dynamics of the community and know what you are doing on the business end. Many people invest in the low income areas and in good conscious, you shouldn't assume they are all stupid or haven't figured out something you all have. I've met people on this very site that are making a killing with them.

Mike it just depends on the numbers. It's usually not a rent spread between $600 and $800. It's more like a person acquired 4 properties for 75k that are netting $500 each, where someone else acquired one 200k property that they are under water with (in both rent and equity).

DC is tricky and you really have to know the area and what's going on. From what you mentioned here, there's no way anyone can conclusively tell you anything specific.

@David Begley, it's very relative in terms of assessment. You can ask person A, B, and C and get all kinds of varying perspectives. I'm not sure if any uniform definition exists. You just have to always consider the source. For some, just the make up of the demographics regardless of anything else can grant them a ghetto or low end classification as opposed to a great one. I've heard multiple inaccurate and downright disrespectful sentiments on areas I'm very familiar with.  I personally think the best way is for you to go examine yourself and utilize your own judgment.

That's where all mine are situated. It has pros and cons but I wouldn't suggest it for a newbie. Personally my next buy and hold will be above that. Key factor is, if you are afraid of it or don't have respect for the people there, I sincerely suggest not doing it.

It will be very challenging to make out in this scenario.