Dangerous Neighborhoods
Hey BPers,
I did some market research in my area (Miami) and found where all the houses are being foreclosed or have been bought with cash in the last 6 months. I knew they were in bad neighborhoods but I went out and out bandit signs out last night anyways. While out, there were a couple times I would pass by houses with 3 or 4 cop cars outside and the cops outside in the pouring rain.
Do investors buy in places like this? Also, if anybody else has had any experiences to share or advice to give, it would be appreciated. Thanks guys!