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Updated over 10 years ago on . Most recent reply

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319
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103
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DJ Cummins
  • Rental Property Investor
  • Bethalto, IL
103
Votes |
319
Posts

The Graveyard Property

DJ Cummins
  • Rental Property Investor
  • Bethalto, IL
Posted

So...there is a property that has been on the market for over a year...it has had several large price reductions.  I'd say it would cash flow pretty well, and should have some built in equity.  I'm thinking it just hasn't sold because just beyond the fence in the back yard there is a cemetary.  Does anyone have some input about this? Will it be hard to find a renter?  Would it not get the rent it should actually get?  This property is on "THE" street you want to live on in this town.  Thoughts?

Most Popular Reply

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494
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407
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Glenn McCrorey
  • Investor
  • Cedar Rapids, IA
407
Votes |
494
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Glenn McCrorey
  • Investor
  • Cedar Rapids, IA
Replied

DJ, you left out the part about Bethalto being haunted. 

That being said, I rent one that backs up to a cemetary without any problems.  I just say "you have quiet neighbors." 

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