Completing a BRRRR in C or D neighborhoods

[Salvatore Amato]

I'm in Rochester, NY and I'm searching for my first deal.  I want to do a BRRRR, but with the funds available the only homes I can buy with cash and rehab are in C or D neighborhoods. Since the neighborhood isn't the best, I'm concerned the value of the home won't go up over the years as it would in a better neighborhood.

Does anyone have experience doing BRRRR's in C or D neighborhoods that can give some advice? Thanks!

[Jaron Walling]

@Salvatore Amato Best advice I will give; unless you have experience (you have none) don't buy in D class neighborhoods. It's challenging and ROI isn't there unless you scale quick (for CF) which brings a ton of risk when you're new. Focus on average C/B class properties, light cosmetic rehab, BRRRR, or house-hack opportunities.

Unless you have a market advantage (piles of cash, network, contractor support) nothing else matters. Find fringe neighborhoods moving from C < B class and start walking properties. 

Everyone has a REI path. Find your path and start walking!! I bought my first house in C/C+ class neighborhood. People said it was risky, sketchy, "a bad idea", "rentals are hard", and guess what? I have zero regrets other than scaling faster, actually flipping properties when rates were low, getting involved with meet-ups, networking, and leveraging more contractors to speed up my rehabs.