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Updated almost 5 years ago on . Most recent reply
Question about neighborhoods
Hello everyone, I am looking into making my first investment property purchase. I am interested in getting into rentals. There is a duplex in a class C neighborhood that I would not personally want to live in personally but is affordable housing for $47000 and rent is $400 per unit on 1 bedrooms with one long term tenant. Typically the duplexes in this area go for about $60k so I assume it may need minor work but I have not been there yet....
My real question is, would you guys recommend strongly against this purchase in a neighborhood which will potentially attract problem tenants if the numbers work? Thanks in advance!
P.S. - What advice would you give to a young investor with no experience looking to get started?