SUB30kCLUB: why invest in sub30k properties in the first place?
For Renee and I, it's all about the numbers. We truly believe that the goal of investing is to get the most return on our investment dollar. A 100k duplex that rents for $700/unit is simply not as profitable as a 30k duplex that brings in $500/unit. It's just simple math.
Ive heard arguments that low income tenants are a risk for crime, delinquency, destruction, etc, but I've also heard experienced landlords say that carefully screened section 8 tenants can be their most profitable tenants!
So why are YOU either already investing in sub30k properties or why are you considering doing so?
I'm planning on releasing a new sub30kclub question each day for us to discuss. PM me with topic ideas and let's learn and grow together!