BiggerPockets.com Reblog: Why ‘Don’t Buy In THAT Neighborhood’ is STUPID Advice!
As a beginning real estate investor, we’ve all looked started looking at properties, and most of us come to a point where we start seeing houses in a very low price range. We ask people who have invested real estate, “what about these cheap houses in this neighborhood?”, and you’re immediate response can often be “Stay away from that neighborhood!” That was the response I got, and a good thing I didn’t listen and I considered all options, else I wouldn’t have found the great deals I have today. I want to explore that immediate gut reaction we get from experience real estate investors, and show how that isn’t always the best advice for a new investors, and that a more appropriate response can be given to really guide new investors in a more affordable way of investing in real estate that can end very successfully.
6 Comments
Thanks for another great video!
Great Video
Good information as always.
Hi Lisa! Thank you for this story! I’m looking to invest in rehabbing some
homes in Newark NJ (where I’m from) or either Camden NJ – how did you get
started?
Hey there! I started by just looking at the mls system (see my videos 2 and 3). From there, just take your saturday or sunday and go take a look at them. From there, you’re intuition and gut will tell you everything you need to know on whether this is an property that you can make profitable.
Lisa
Thank you so much for this video! I’m absolutely new to the investing
market so I’m a sponge right now. I wanted to say that I have the same
mindset on that type of market but I hear so often to avoid those areas
that I second guessed myself; it’s a useable market I think? After seeing
this video I’m going to do my homework as you said and just going for it!
Thank you