All Forum Posts by: Kerry B.

Thank you guys!

What makes you assume the risk of investing in these areas? We have a friend whose family is a major player in NYC and they snapped up homes when they were essentially ghettos in the 80s-90s.

We want to try this strategy, but it seems in these neighborhoods, property managers are hesitant to take on the properties, and they often warn you'll have high turnover and a hard time finding a decent tenant.

Anyone who has been successful have any tips and tricks for investing these pre-gentrified neighborhoods?

We're interested in the Kensington/Frankford area, but our property manager and agent has conflicting views. Manager thinks Frankford will change first and then Kensington 10 years from now. Realtor thinks the complete opposite. What worries me about Kensington is the drug infestation and how hard our manager is telling us it is to find decent tenants in Kensington...thoughts??