All Forum Posts by: Yvette Valencia

@Mark Cruse I never said the area was black. That was someone else here turning my words to something else.

I’m not going to over explain myself here because there will always be that one person to turn it into something negative but I do want to apologize to anyone that got offended by my comments by no means was it intended to some how turn into a racial thing. Clearly I should have chosen different words.

I am not white, I came from hard working, immigrant parents I am also considered a minority. I am definitely not racist and if you knew me you would know that. It’s very easy for people to judge and criticize other people online.

When I said there wasn’t a lot of diversity I mean, I want diversity. I want to be able to rent/sale to anyone and any race not just one! I was here for advice asking someone with experience to see if that would be an affecting factor because again I’m seeing this from an investment point of few and I didn’t want the house to sit in the market for ever. Which was where my “certain tenants” statement came from as well. I don’t care what race they are I just didn’t want my tenant options to be limited.

I am new to this and I was freaking out and yes, I need to do more research and learn more and focus more on numbers ( like vacancy rates).

I thank everyone that genuinely gave me helpful information and advise, as to the rest of the people here please stop reading in-between lines.

@Tanner Marsey Thank you, for the advise!

@Linda Lovely Because I choose not to :)

I never said the town house was worth more. If you read what I wrote again I said “ Similar Homes are selling for 220” I know why I’m getting it for 190.

@Jonathan Bombaci Thank you for the helpful information. Rent in the area is 1,200- 1,400. Town house is 190,000 needs small cosmetic repairs. Other similar townhouses in the area are selling for around 220,000. My realtor refers me to MlS for info. On the neighborhood she says she is not allowed to talk about the make up of a neighborhood??

@Christian Rojmar thank you for the helpful websites! I did check the schools prior they are 4,4,6 which I don’t think is bad. I checked crime reports it had 34 reports (within this month) 2 violent and 27 quality of life. What number would you consider to be enough to stay away? I also checked neighborhoodscout.com 640 Vital statistics and 22 condition alerts found. Not sure how bad that is. From the looks of it I would probably say it’s a c+, c-. There is actually a military base within 15min. Walmart, Target, Starbucks within 15min also, It’s close to major roads and without traffic it is 45min. away from D.C. I’m just worried that there is not much diversity in that particular neighborhood and that I will be limited to certain tenants.

Hi guys! I put in an offer on my first cash flow prop. And it has been accepted!! How ever I am now second guessing if buying in that Particular neighborhood was a good choice. There is not a lot of diversity, doesn’t have the best appearance but investment properties there are selling like crazy. I had previously put in offers on 2 other properties in the same neighborhood that have gotten rejected due to cash offers. I did my numbers and I hope to get $200 in cash flow every month. My question is should I be worried about the neighborhood not looking like the best neighborhood in town?