Hi Fellow RE Investors: I need some insight. I analyzing a deal on McDonough BLVD and the comps look good, however it is a few houses down from the State Penitentiary. Do you this would significantly affect resale value? What is your opinion of McDonough? My end game is- fix and flip. If this does not work I will do a cash out refi- rent- then sell at a later time.
Meant to write * Do you think
@Farha Khan I was recently pitched a property right across the street from the prison on McDonough. I passed on it due to the fact that your buyer pool is definitely decreased by a great deal due to its location and it was not the kind of deal you just could not say no to. If the numbers are such that it makes it a no brainer then you could still go for it. People live in the area so that means people are definitely willing to live near that prison. Best of luck with your decision.
Thank you both for your input!