Starting out with Class C/D MFR rental - would you do it ?
Hi BP colleagues
I am new to MFR and I am hesitant to venture in Class C/D neighborhouds and buildings for investment. As I have limited capital I have no choice but to look at Class C/D types for investment. I am not experienced in dealing with issues arising with such an investment.
What are your thoughts ? have you done it and conqured this challenge , if so how do you deal with renters who fall in this bucket and potentially troublesome.
Appreciate your advice and inputs.
Thank you
Nathan
Most Popular Reply
Having a D class property doesn't make the owner a slumlord! GTFOH! An absentee management strategy, and assuming poor people are worthless and don't deserve decent living conditions is what makes someone a slumlord!