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Updated over 9 years ago on . Most recent reply

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283
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Manuel A.
  • Rehabber
  • Albuquerque, NM - New Mexico
38
Votes |
283
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Do You Ever See A House And Think...

Manuel A.
  • Rehabber
  • Albuquerque, NM - New Mexico
Posted

Hey there!

I've never flipped a house, I'm currently looking to, but do you ever just look at a potential flip deal and think, "I wouldn't want to live in this neighborhood."

I feel this is wrong in my thinking as obviously, people don't all have my standards, but man, it makes me not want to own that deal for the short 6 or so months because my probable irrational mind keeps saying, "You wouldn't buy a house in this neighborhood! Why would anyone else!?"

Sometimes I'm just like, why would anyone pay $XXX,XXX for a house in this neighborhood (as evident by supporting comps), and it makes me hesitant.

Do you/have you ever flipped houses in neighborhoods that are well below your standards?

-Manuel

Most Popular Reply

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17,995
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17,199
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J Scott
  • Investor
  • Sarasota, FL
17,199
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17,995
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

I don't eat at McDonald's, but I wouldn't mind owning one... 

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