Re: Don’t Buy Rental Homes in Rental Areas? - Posted by CarolFL
Posted by CarolFL on March 05, 2000 at 04:57:56:
Frank, you are looking for sellers, not properties. If you can get the right deal (cash flow or flip value, depending on what you are in to) deals can be found anywhere. So as my buddy Ray Alcorn says : start with the end at the beginning. what is your objective?
Cash flows on rentals may be more difficult in better areas, but if youcan take them subject to it may help. It depends on YOUR market.
Most of our properties are in lower to lower middle areas. But we make them very nice, are selective with our tenants, and avoid war zones. Works for us.