If that was the case, that market would have no inventory as all the local investors would buy all that inventory right up not to mention, prices would not be depressed.

Maybe not safe and not great schoolsD Very depressed and dangerous (crime).

I had to remind him that her mother went through the Great Depression and that obviously had an effect on how conservative she is.

I'm trying to build the portfolio while prices are somewhat depressed.

They claim the area is very depressed with low employment and they feel is NOT a wise investment.

It might motivate them to pay.While it's nice getting the guaranteed rent from the government every month, it's depressing to have to deal with these deadbeats that have everything handed to them and still refuse to pay you the money that's due.

(Canadians are into a slightly similar but very profitable strategy here in the depressed section 8 Buffalo area).

We pooled our money and our first property was a 30 unit foreclosure in a depressed area, about 50% occupied.

I'm leaning toward the familiarity of residential cash flow properties, but am getting sucked in by all the different alternatives - from wholesaling to commercial property.I have a partner (and old friend) in the Detroit area who has a team of fix-it people who can refurbish properties, and given that partnership, Detroit's high yield, and depressed market, I plan to target that area first.

The saving grace was that even in this depressed area, it would rent for $1200/month all day long.So we have the kitchen table talk, and I lay out all of his options.