Purchase price: $90,000 Cash invested: $55,000 Triplex in SE Cleveland (D+ neighborhood)Purchased for 90 and saw 105 for valuation. 25% down plus closing costs and unit repairs has led to about 50-60k going into the deal.

Which neighborhood or zip code to look at or avoid?  

For what you are trying to achieve you'll want to stick to the suburbs and a few choice neighborhoods on the West Side of the city.

Our team here at CrestCore is dedicated to working with the out of state investor and have the team in place to make us a "one stop shop" for everything you could need to build a portfolio here in Memphis.  

Investors who are active in gathering data on local trends while working with knowledgeable agents are able to pick neighbourhoods poised for growth and also comprehend how to best mitigate their risks as they prepare to maximize their return.Myth 3: Distressed Properties Are in Bad LocationsAnother misconception is that distressed properties only exist in bad neighborhoods.

And then you could take your time shopping for long term financing once you own the property.

However, many lenders offer only the 7A, so you'll have to shop around.

Hey everyone, I've got a quick neighborhood question.

We've seen cases for example where clients want to send their brother or cousin to do electrical work that they aren't licensed for.What I don't think would work is to have a ticket come in, and then reach out to a client so they can shop around for plumbers.

@Andrew Katz new construction in a Class C neighborhood?