Investor · Camden , NJ · Member since 2010 · 77 posts · 7 votes
is any house a good rental ? lately i been thinking of taking a gamble on a house in a area i wouldn't be instrested in under other circumstances but these houses are so cheap its a give me . is section 8 good in any area? have any of you been stuck w a house that just wouldn't rent and it became a headache on you? don't scare me to much though .. anxious to hear opinions
Whether you are a Section 8 property or not, you still want to get tenants who will pay rent and not damage your property, or cook meth in it, etc.
If the only people who are willing to live in a property are criminals or undesirables, then you will have problems.
So, no, not any property will be a good investment. Sometimes you not only don't get what you pay for, but you end up in debt or worse.
As they say in real estate, the 3 most important considerations for a RE investment are location, location, and location. I really believe this. I couldn't imagine trying to wring a profit out of a D property and deal with what would be involved in doing so.