Updated over 5 years ago on . Most recent reply
High Roi poor location
What's everyone's take on a multi home great ROI 18-20% cap but not the greatest of areas. I know the exit isn't going to be much but cash flow is awesome. Is it worth the risk?
Most Popular Reply
Not worth it. If I don't feel comfortable sending my girlfriend to the property after hours to pick something up or drop something off, I stay away. That's how I gauge the areas I want to be in, at least partly.
I don't care how good the returns are, if I have to pack heat to do maintenance calls, I'm not buying it.
Are you going to self manage it @Chris Snyder? If you aren't, make sure you can find a property management company that will. Some property management companies will stay out of certain areas because of how rough they are.