Investing in Rough Areas
Hello,
Does anyone have any experience with investing in the "rougher" areas of town? I'm interested in a few properties that aren't exactly in the nicest areas and have higher crime rates than usual. Is it worth taking the risk in rougher areas for better cash flow and cheaper properties? I'm from Massachusetts and I'm looking at New Bedford and Fall River if anyone is familiar with those areas. If anyone has any experience with properties in tougher areas I'd be interested in any advice or insight you have. Thank you!
Most Popular Reply
Just because it cash flows on paper doesn't mean it will cash flow. I personally prefer nicer neighborhoods but many do well with rougher areas if they have the backbone to deal with those tenants and don't put a lot of money into the place.