All Forum Posts by: Justin Chan
Justin Chan has started 9 posts and replied 24 times.
Post: Thinking of BRRRring in a not ideal neighborhood.
- Posts 24
- Votes 7
Quote from @Sean Kelly-Rand:
@Justin Chan - I actually did very well investing in areas that are on the edge of much more expensive areas. Eventually the neighborhood changed and prices increased dramatically - not saying it happens in all areas - I would say just make sure that the yield makes it worthwhile. If not than don't rush wait to see it out and perhaps prices adjust.
I would say differentiate between where you personally want to live and where is a good investment as they are not one and the same.
Thank you for the advice!
Post: Thinking of BRRRring in a not ideal neighborhood.
- Posts 24
- Votes 7
Quote from @Jim K.:
It's a niche market. There's money in it, but it takes a lot of time and effort to learn the niche. And definitely, the further the neighborhood shades to D-class (and the real dividing line between C and D is crime and police response time), the less chance you have of making it work effectively.
Thank you for your advice!
Post: Thinking of BRRRring in a not ideal neighborhood.
- Posts 24
- Votes 7
Quote from @Eliott Elias:
If the neighborhood you’re describing, is anything like where I invest (C/D class) the property is going to be a headache for a long time. Is it worth the potential?
Post: Thinking of BRRRring in a not ideal neighborhood.
- Posts 24
- Votes 7
Hello all!
Kind of new to bigger pockets but love all tools and information! Thinking BRRRRing a 3 family unit in a not ideal neighborhood. I actually grew up in the neighborhood and the school systems are not the best. But I see a lot of change happening! A new train station just opened that is approximately a 9 min walk that goes to Boston, MA. A lot of lofts were just built close by and they are building more! Are rentals walking distance to train stations more valuable? Thank you in advance for the feedback!