DON"T WANT TO START OFF IN A "F-" NEIGHBORHOOD

3 Replies

Is this a scary area to consider investing? I was searching for foreclosures/preforeclosures and I found a relatively cheap/"the numbers worked"

I do not have a credit or capital currently and FRANKLY, I DON"T WANT TO START OFF IN A "F-" NEIGHBORHOOD SINCE I DON"T WANT TO DIE OR ALMOST DIE every time I COLLECT RENT!!!!!! The property was foreclosed on in 2010 and sold for 110k(bank wanted 206k HUD home listing); right now the bank re-forclosed on the 110k loan recently in Dec 2017!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I see a correcting and major crime heading towards Sacramento and greater Sacramento county very soon!

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@Josh July you don’t have to worry because the property will not sell for 110k. It will sell for a higher price. If you don’t have the means to buy it , then you should wholesale the house and make money that way. You will not hold onto as a rental. 

Gordon Cuffe, Lender in CA (#1037464)
916-261-2381

Hi Josh, you might consider the “Crime & Place” app. It takes a composite of personal as well as property crimes for an area of your choice.

Ben Howard, Real Estate Agent in CA (#02016843)
(916) 390-7060
Originally posted by @Ben Howard :

Hi Josh, you might consider the “Crime & Place” app. It takes a composite of personal as well as property crimes for an area of your choice.

 Thank you for the advice, I will defiantly check that app out...

I was just doing my research and was considering a place that I can find motivated sellers who would be willing to owner finance or would help me earn enough income from selling off the good leads that I could eventually pay cash; but after seeing this crime data, I am sorry but I am not going to be considering buying rentals in that area. 

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