BiggerPockets: Investing in a Low Priced Neighborhood Doesn’t Mean It’s A War Zone!
Here is my guest contributor post to biggerpockets!
Thank you, and don’t forget to leave comments!!
This is a really big opportunity to spread this awareness and strategy, and thank you all who’ve been with me up till now to be able to have a larger platform to spread my voice!
22 Comments
Okay Lisa ,Bigger Pockets !!!! Nice video.Hope to hear you on thursdays Bigger Pockets show real soon. *Josh & Brandon make that happen*..
Great video!
Something to think about . . .
Thank you all!!! Super excited to share on such a sight like BiggerPockets.
Im glad there’s an audience curious enough to delve a little further into
this arena…I mean…it’s where a beau coup of money is, right?? 🙂
Great vid Lisa!
I guess you’ve never been to Englewood in Chicago. BUT, good video! 😉
Nice library in the background! Looks like its owned by student studying electrical engineering.
That was 8 years ago, I just can’t get rid of them, those books were hard earned. Thanks, I hope you enjoy the blog.
Great video. I’m investing in Cleveland and that 30K & below price range is
what I target. I’m also looking in areas of Detroit metro. Looking forward
to watching more of your opinions and thoughts!
BTW…..Cool book in the background,” Idiots Guide to Amazing Sex! 😉
;C
Lisa – You are fantastic. This is great advice. I grew up in an upper
middle class area and realized later in life that many of the neighborhoods
that people think are “war zones” or “scary” are really fine, if not the
same. My answer was to buy my first home IN one of these areas and living
in it myself for three years (so far). The result: people are the same
wherever you go. The ONLY difference in my experience thus far is that it
has been cheaper and less stressful than if i’d purchased a more expensive
house in a “nicer” area. I am currently looking at some nearby 35,000
range single family homes to buy as investment properties. Thanks you the
advice of you and other investors I know, I can buy with confidence. The
real message you are sending is, to me, that THERE IS ROOM FOR ANYONE TO
GET INVOLVED IN REAL ESTATE INVESTING. Don’t be fooled by people who claim
that you have to have more money to make money. The opportunity is here for
people of ANY demographic.
Exactly. Exactly. Exactly! We have to drown out the voices of all the “know it alls” that just make it harder for new real estate investors. I loved your last sentence, you get why I am putting this up here.
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Hi Lisa. . . First of all thank you for the hosts. I appreciate all your
time for doing this. I noticed you mention a few cities in your vlog. Do
you have different properties in different cities? If so, how do you
manage them? Thanks in advanced.
Excellent video! You addressed this issue with a high level of “political
correctness”. I would love to discuss further…offline of course. ;0)
Love your podcasts. FYI Chicago+30 thou home=war zone. But I still make those purchases and place people there with similar values to better the area one place at a time.
Its funny, once you’ve invested in those neighborhoods a few times, this may seem messed up, but you realize that alot of the crime that occurs usually happens amongst people who were involved. Unless its REALLY bad, just do what you have to do and they’re not really worried about you.
Will there be beach volleyball though?
My first real estate rental (yea I get to say that now!) was close to what
you refer to: it was $45,000 and bought about a year ago. I found out that
the house next to it sold the year earlier for $33,000 and this is a nice,
quiet area with working class houses. My new property is $47K and I have
only been working with it for a few days so I don’t have any long-term
first hand knowledge of the neighborhood, but one neighbor has chickens of
all things, and the two kids were screaming at each other over these
chickens lol
These kinds of houses seem to be where the money’s at because if they could
afford to rent a big house then why wouldn’t they choose to own one
instead? My neighbor has a 2000sqft house and they decided to move to a
nearby town and rent out this house. I saw it online for $1400 a month and
I just don’t understand the logic in RENTING a house for that much a
month. He managed to rent it, but I guess I just don’t get that market.
When its that low there is only one direction to go…UP!
When there’s blood in the street buy property.