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Buying & Selling Real Estate

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Brandon C.
  • Investor
  • Nashville, TN
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32
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Buying in neighborhood that has lots of rentals

Brandon C.
  • Investor
  • Nashville, TN
Posted May 27 2015, 17:48
Tempted to put an offer on a SFH tomorrow that is priced well, in good shape and should cashflow well. My one concern is that there are a lot of homes that are already rentals in the neighborhood. I'm guessing 30% of the neighborhood is rentals. Any concerns buying into an area like this? I posted an ad on Craigslist with basic home details and general location. I set rent at what I thought was a little high at $1200 just to see how many responses I'd get. I was hoping for 1. I got 4 in about 18 hours. Thoughts? Thanks!

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