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Buying & Selling Real Estate

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Rasheed Chambers
  • Investor
  • Jersey City, NJ
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21
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Buying in high crime areas

Rasheed Chambers
  • Investor
  • Jersey City, NJ
Posted Sep 22 2015, 03:37

I am currently under contract with an owner to purchase a property in an area with high crime (gang related). This contract is currently under attorney review. however I am considering backing out of the deal, not because there is something wrong with the property or the numbers, I fair for my safety. I have a FHA loan which would require me to live in the property for a least a year. Should I pull out the the deal or just stick through it?

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