Investing in the New Kensington Area
Hey guys,
I'm new here to BP and wanted to give this question a try. I have been successfully investing in tax deeds out of state and have began to eye the New Kensington area.
I live out of state (Los Angeles, CA), but am interested in this area specifically. I have been told by locals that this area is very rough, but I still wanted to see if there is potential here for selling property as-is to other investors.
I've been offered a few great deals by the county free & clear, taxes paid, for homes in the area, but I'm not too sure how the fellow investors would react when I present these deals. (React as in, jump on the deal quick or pass on it).
The homes I am looking at are about 3,500+sqft, 3bd/1ba, obviously needs TLC inside and out, $35k+ value each. My goal is to sell them at $4,000-$5,000 each.
Based off your experience, would locals consider this a deal or would you believe they'd pass on it since finding cheap distressed properties in this area is a dime a dozen?
Any advice helps. Thanks