Posted by Bill on November 16, 2000 at 08:04:54:
I would not buy and hold in borderline neighborhoods UNLESS there was a very positive indication that the neighborhood was improving. Just my feeling, my risk tolerance is too low to chance it if the area is not getting better. What happens to your equity and ability to sell if the area gets worse? I would sell, get my profits and probably sell the note that I created to another investor that was willing to take the risk. Then I would go to the next deal without worries.