Are working class neighborhoods bad investments?
I just want to address why those in the real estate investing world have such a negative view of working class neighborhoods and cheap properties. I really feel it stems from two places:
- They have an old-school way of thinking about these neighborhoods that does not incorporate the new technologies that make vetting these properties easier and
- Competition and a conflict of personal values.
There is room for many strategies in real estate investing, and if some can not be convinced, it just leaves more properties for us. Check out the video below for more!
Photo Credit: Erik J. Gustafson