All Forum Posts by: Jack Srimani

OK Ralph,
Thanks again for the new piece of information. The place is 3 and half hours from where I live. Do I have to check some local resource to see how well it will do for renting. Also if the crime statistics is 4/5 would you invest in such area. Please let me know. Thanks.
J

Thanks Ralph and Jon for your valuable advise. I apprciate it. Since I am not from the area it will be difficult to check out rent sign on a regular basis. Ralph I got some information from the site you recommended. Forlks the following is the statistics of the area. Does this seem terrible place to invest when you are looking at the following statistics. I would like to know your opinion on this. Thnaks

Typical neighbor is predominantly of White ethnicity, majority attaining High School education level and generates about $33,986 per year in household income.

Renter occupied: 41 %
Population: 46,557
Vacancy rate: 6.1 %
Median household income: $33,986
Monthly rent affordability: $849
Crime rate index: Violent: 4, Property: 5 (1-lowest, 5-highest)
Ethnicity: White (92 %) , Black (4 %) , Hispanic (3 %)
Age groups: Under 18 (24 %), 25 to 34 (16 %), 35 to 44 (14 %)
Education: High School (49 %) , College (8 %) , Graduate School (4 %)

Hi,
I am thinking of buying a duplex in an area I am not very much familiar with. Before buying I would like to market research that the empty duplex will really be rented and not vacant so that I can have a decent investment. What is the best way to research this. Thanks.

Thanks Richard,Norm,Ralph,MikeOH,Tim for the valuable advise here. Do I need to get any special inspection for such homes prior to deciding to buy one? Thanks.

Hi,
I am looking for investing in my first multi unit property. However in my search I am finding most of the available multi unit property for sell are more than hundred years old. My question is can one make profit out of one such investment. I read that one needs to have 100 dollar out of one unit per month for a investment to be viable. I would appreciate your advise on this matter. Thanks. :roll: