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Posted over 10 years ago

Gangster Whisperer

I decided that I wanted to be a Realestate investor . No money no credit no problem . Well I got on this forum and many others read all the books found a mentor quite a successful guy except for the 10 units  in the hood . Bobby "stay away from low income areas he said ".  The cash flow looks great but managers charge a premium and the turn over is expensive because of drugs and crime and the people don't care . I laughed and said I wish I had that problem. He said yeah smart ass if you can get the drug dealers from in front my property stop people from using my halls as a  hotel and bathroom I will give you two doors and a place to stay . I said bet . To make a long story short he no longer has those problems. Yeah it's costing him some more upfront money to tenant proof his units but in the long run its a saving . As far as drug dealers they don't think it wise to work in from his property to the corner. 


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