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Updated about 8 years ago on . Most recent reply

User Stats

6
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1
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Sam Cook
  • Windsor, VA
1
Votes |
6
Posts

Would you move into a " not so great" part of town.

Sam Cook
  • Windsor, VA
Posted

I've only recently been interested in real estate, and have learned that with an FHA loan I can buy up to a four unit multi-family home with it. But I have to live in it for a minimum of one year. The only multi-family homes in my reagion are located in "bad" to "worse" to "not so bad". My question is. ( not worried about your personal safety) what concerns would you have?

I've found 3, four unit homes 2 bed 1 bath, and I can afford the mortgage and taxes with my normal income, so that's a plus. 

I would love to hear some opinions, and even some suggestions of things i haven't thought of. 

Thanks

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