The root of my question is....Is it okay to buy decent property in average or below average neighborhoods?

NETWORK NETWORK NETWORK Walk neighborhoods, get the GOSSIP!

hi all. i was driving around my neighborhood and found two abandoned houses that are in fairly decent shape. i wanted to research them to find out if i can do something with them. the owner of one house died, but he was a loner and i don't think he left a will. the second house looks like it was just abandoned by the owners recently. guess they walked out on mortgage. how would i research who owns the house so that i can contact them?

I am heavily invested in the neighborhood and will do this to do my part in maintaining the area but from a pure financial analysis I would be better served by bulldozing the property.

The neighborhood has homes in the $500-$675k range.

This property seems to have a good combination of being a decent deal in an appreciating neighborhood that I want to live.

The contractor I work with here in Houston has plenty of horror stories of perfectionist engineers and architects wanting to do the deals to perfection, which kills the numbers, and the neighborhood didn't appreciate the high end upgrades, only the investor did.

If that's the case, it seems like a B-Corp would be a terrific entity for raising investment capital from private foundations for two reasons:1) Since the primary purpose is not profit, far more properties can fit the model used to qualify properties.2) Since many properties in C/D neighborhoods are not profitable but if repaired would increase the value of the surrounding properties that are profitable, utilizing a privately funded B-Corp in combination with a for profit enterprise would, in theory anyway, be a damn good way to improve a neighborhood, house by house, block by block.I guess you guys are right though...

Never did you state what the cash flow was, if the hold laws in a bad neighborhood or good one, etc. in other words.

Driving The Neighborhoods?