If you walked up to Michael Jordan and said, "I want to be learn sports" he would walk away.

Either way, I believe it is all a gamble if the redevelopment plan comes to fruition or not.  

As my GC says: "if it's stood straight and true for the last 100 years, it'll probably make it at least another 25".Don't get me wrong; there are plenty of issues/problems/quirks that old houses have that new houses don't, and an old house can obviously have hidden problems and big repair/maintenance bills too--which is why thorough due diligence is fundamental to REI...but, the point is: a new house is not a foolproof solution to repairs/maintenance headaches (and in some cases, a brand new house can be a much bigger gamble than an older house).Good luck out there!

Suvir if you have a million and want to drop 40k on a PIG property then it's a gamble you might want to take.If you have 60k total and 40k is going into this property from overseas in a rougher area you could end up taking a loss.I have never heard of C tenants being less of a headache than A tenants.

It may very well come up in the next few years, but it seems like a gamble at the moment.  

Investing in Real Estate is always a gamble and it's best to limit your risk by renting where you live instead of taking on too much risk too soon.

You could easily lose $50-$100k GAMBLING on a future price drop.

Hi Timothy,Maybe volunteer to coach at a local High School or Community College.Wouldn't even have to be the same sport--coaching kids is coaching kids (Make a difference in a kids life!)

As fan (nerd) of sports statistics, maybe I should have stopped with this one call and finished my career with a 1.000 batting average...but I digress!

(I assume its the one in Colorado)If you get a chance, visit Fairplay and some of the other old mining/gambling locations.