What A “Working Class Neighborhood” Is … and Isn’t
When discussing different real estate investing strategies, there is a lot of negativity surrounding the strategy I invest in – low income investing.
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The numbers may look great, but the negativity causes a lot of new investors to shy away.
So what should a new investor believe?
I feel one of the greatest opportunities for real estate investors lie in these “depressed” properties and the over-generalizations do not understand the true nature of these investments.
This video blog will share my thoughts on the nuances between a “working class neighborhood” and a “slum.”
Generalizations won’t get you the big returns in real estate investing, but nuances and niches can make you stand out from the pack.
If you can see through the “broad brushstrokes” that are applied to cheap properties and see the true colors underneath, you may find a highly profitable niche that’s very affordable to obtain. If you have any insights to add, please feel free! These are my very own opinions of what I see when I am looking at under-30k properties for real estate investing in many different cities, and its been consistent through many different neighborhoods.