Posted by JohnG on May 18, 2000 at 22:44:36:
“Friends tell me …”
Unless they are invested heavily into real estate I would not pay much attention except to guage what is “not true”.
The majority of people will tell you that such and such an area is “bad” and they would not invest there. What they mean is that in their mind they would not “live” there.
Thats fine - theres lots of areas I wouldn’t live but I make a lot of money investing there. In fact, as long as my so called “peers” pooh pooh a certain area, I know I can buy “right” there and I get my top dollar when I sell cause Momma never raised no fool !!!
BTW if you can buy for 15-16 and sell for 35-40 then you don’t need anyone to tell you what to do. Go for it.