Updated almost 10 years ago on . Most recent reply
Investing in neighborhoods without many recent sales.
Hey guys,
Recently I've been coming across some houses in neighborhoods that don't have a ton of recently sold rehabs. Should this be a warning sign as it's not a great neighborhood to rehab/ wholesale in?
I live in the Washington DC area which can be pretty spotty and have some fluctuation neighborhood by neighborhood so I'm hesitant to go too far away from the subject property. Any DC investors find this problem in parts of NE and SE/SW? Do you just expand your search?
Because I am door knocking, I pre-analyze close to 10 homes a day and rather not continually ask my realtor to run comps for me, with little chance of actually closing a real deal.