Hello ! This is my first post in Bigger pockets. My husband and I decided to invest in real estate together and are very excited for our journey. I have one property as long term rental and my husband has one long term rental and 1 STR. After we met, we purchased our primary residence together in 2022.
My husband and I are in escrow for a property in bad neighborhood in North Las Vegas. This is our first investment property and we are going to do STR. Crime rate is D (-) so it's not ideal area. We are going to have a property manager and projected cash flow is good. My husband and I have lived in a bad neighborhood in South Los Angeles (crime rate D) and we think that this north las vegas area is similar to where we lived in LA. We are going to check out the area in person this week.
We are thinking if number works out it will be still good investment. What are your thoughts on this? If you have invested in high crime rate area, please share your experience. Any feedback is appreciated.
