lower end rentals vs higher end rentals
Hey BP,
I have a question that has been on my mind for sometime now. I was reading a few threads from the archivsection on this but i still needed a little bit of clarification.
I notice that some investors invest in low end rentals (c neighborhoods) vs high end reantals (B to A neighborhoods) U
How do ypu guys make money in the low end rentals. I mean, i was always told to buy property that were locatd in a good area where veryone wants to live, that way the unit is easier to rent or easier to sell in case something came. But i hear investors all the time that the low end stuff givess of more cashflow ect...
Why is that? How do you get that to happen? I thought these tenants were the ones we didnt want?
If someone could explain WHY and HOW? I would greatly appreciate it!
Most Popular Reply
There is a common misconception that people that rent low end rentals are not desirable renters. Blue collar, honest, working people that don't make top dollar need a clean, safe place to live too. Not all low to mid income people are disreputable. They just don't have the income to afford a nicer rental unit.
I have a great 5+ year track record with my low end rentals.