Rental Property Investor · Tampa, FL · Member since 2016 · 208 posts · 96 votes
Hey all,
I'm considering investing in a downtown district i just know is about to explode. I'm curious if anybody has tips? I'm pretty new to the game and I'm wondering how much of the challenge I should take a hands on approach in...
For example:
should I buy the $100k homes and barely break even on rental holds until the revitalization is complete and sell?
should I buy double the amount of $50k homes, earn more on rentals now but take smaller returns on the sales?
Also I'm considering how much of the community development I should take part in.
Any form of suggestions or experience would be greatly appreciated.
I would be very careful about speculating on the turn around of a neighborhood. Its much easier to go backwards than forwards. If you are 100% certain and the data backs you up, I would probably invest in slightly higher end (by existing standards) homes, as those will most likely be more desirable as the higher income neighbors move in.