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Updated over 2 years ago on . Most recent reply

User Stats

160
Posts
34
Votes
Thuy Pham-Satrappe
  • Rental Property Investor
  • San Clemente, CA
34
Votes |
160
Posts

Do you invest in high crime areas?

Thuy Pham-Satrappe
  • Rental Property Investor
  • San Clemente, CA
Posted

For those of you who actively choose to invest in high crime areas, what do you make sure to factor into your numbers?

-higher vacancy

-higher possibility of turnover

-hiring a property management company with skill and experience in that area

-more repairs/maintenance during and after

-tell me more [please and thank you!]

Most Popular Reply

User Stats

15
Posts
35
Votes
Mareno Rathell
  • Rental Property Investor
  • Milwaukee, WI
35
Votes |
15
Posts
Mareno Rathell
  • Rental Property Investor
  • Milwaukee, WI
Replied

I purchase in high crime areas. I usually get duplexes in decent condition for about $22k and put a couple of Grand into it with myself doing the work. I make $700 per unit per month.

I have all long term tenants who pay on time all the time and they take care of my places. I find most landlords in high crime areas just want the cash but don't duo their due diligence when screening tenants.

Ultimately if you screen properly, have a well taken care of property and you are a good landlord, you will get good tenants.

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