Rental Property Investor · Athens, GA · Member since 2019 · 3 posts · 1 vote
Hello BP!
There is a house in my area (Athens, GA) listed at a very reasonable price, especially considering the number of rooms (7bed/2bath). The house appears to be in decent shape and is listed at $135k. Allegedly, it had a recent renter at $1200 / month. With the proximity to UGA campus, I could see it working well as a rental for some college guys.
It has been listed over 200 days, which is either concerning or exciting, depending on how you look at it. It is right across the street from a trailer park. Typically I would avoid this outright, but Brandon talks about investing in trailer parks all the time, and the guys are always talking about seeing problems as opportunities.
Is this a bad idea, or a hidden opportunity? What are y'all's experience & and advice?
Realtor · Athens, GA · Member since 2017 · 336 posts · 123 votes
5y
@Phillip Henry This particular property would be good for someone whose risk tolerance is pretty strong. Would be a good section 8 investment. I would not recommend it for a newer investor.