Can You Handle A Warzone?
There is always a draw to buying a property for $5,000 and renting it out for $600.00 per month, right? Sure it sounds tempting on paper because you could have your entire investment returned to you in a year or so, but the reality is, if someone is selling you a property for that price, there is a reason. You are most likely looking in a warzone and learning to manage that situation is a totally different type of investing. Most people are not cut out to manage property in a warzone. The cash flow and returns are very high if you know what you are doing. You will have to be prepared to deal with the realities of threats, violence, frequently non paying tenants and a host of other issues that come along with owning a property that falls within locations that are highly concentrated in crime and poverty. Every city has their version of these kinds of properties and there are certainly landlords that decide to take them on. I would just strongly recommend understanding the kind of investment you are getting into before falling for the lure on paper.
Ian Walsh
215.839.3271
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