Investment Property / Wholesaling Property
Hello, I am interested in purchasing rental property and wholesaling properties. I have located a property (good condition) that I can purchase with cash. It only requires some paint and new carpet to turn it into a good rental. My concern is the area is quite distressed, while some of the properties are in decent condition, others are boarded up and an eye sore. I have always been told when considering real estate LOCATION is key. I'm unsure if I should purchase this property because of the area. Not sure who would rent in such an area. Need some input .......Please Help!!
Most Popular Reply
it is probably in Trenton. Am I correct? Just because a property is inexpensive, that does not make it a good or wise purchase. If the area be a that distressed, you most likely will get tenants who can not live anywhere else. My advise is to stay away.