Updated over 6 years ago on . Most recent reply
#2 Tax, SDIRAs & Cost Segregation Contributor
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investing in C neighborhoods
#2 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- Los Angeles, CA
I'm looking into the following C neighborhoods in Indianapolis: Speedway, Emerson Heights, and Beech Grove. When you are buying in a C neighborhood what are you looking for? Obviously, in a C neighborhoods the schools aren't the best, but how bad of a school can you consider? Also in a C neighborhood crime can be a little higher . If you are lookin at Trulia crime maps your property in a C Neighborhood can be in a darker shade of blue. How much crime can you tolerate in C neighborhood? Obviously stay away from areas with a lot of violent crimes, but how dark shade of blue on Trulia heat maps can you tolerate when investing in C neighborhoods ?
- Jason Malabute
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@Jason Malabute this is a common misconception. You are correlating a person's character with their socioeconomic status. Just because a person lives on a low income and cannot afford to pay higher rent does not make them bad people or lower "quality" tenants. I have evicted tenants and had trashed property in B, C, and D neighborhoods. I don't buy A because it doesn't cash flow.