All Forum Posts by: Jeff Schechter

We've buy from the same supplier that Clayton uses, with excellent results.  I currently have 3 properties in these "C-class" areas, and they are performing well.  The management company keeps them rented, and notwithstanding other comments above, our properties are fully rehabbed and in great shape.  They're not houses I'd want to live in personally, but they make great rentals.   

Just joined BP, so this I don't have a long history of commenting, but I have invested successfully.  I don't look at any of these arguments as right or wrong.  It would be harder to achieve significant appreciation in Indy vs Portland, but we are seeing VERY strong returns on buy and hold properties in the the $40-60K price range in Indy.  These are fully rehabbed, rented and professionally managed.  If you're only making 6-10% returns yearly, then appreciation becomes more important.  If you're making 15-18% consistently, it's less of an issue.