Updated almost 8 years ago on . Most recent reply
Is social class important or are numbers all that matter?
Howdy Guys I am looking into getting my first property and am kind of stumped right now. The market is hot so there are not too many plex's for sale in great parts of town and the ones that are for sale are priced at 2-3 times the appraised value. I have seen some good deals numbers wise pop up but they are on the south and west side here in San Antonio which is mainly lower middle class Hispanic and can be pretty rough. My question is should I not care about the community/social class and look for a property that cash flows well regardless, or should I just be patient and wait till a property in a very desirable area pops up at a reasonable price? What has your experience been like and what would you suggest to look for or avoid?
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@Anthony Dooley Thanks for the comment and I see your point! To be honest I'm not sure which one I would choose since I'm brand new..
@Caleb Heimsoth I completely agree that has been my experience with managing properties too is that lower class is usually very rough and trashes the property.
@Andrew Johnson The school it feeds into is definitely not desirable in my opinion. People are going there because that's where they can afford to live not because that's where they want to send their kids. I am certainly doing my best to try and find properties in that sweet spot thanks for the tip!