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What's the avg. yield on those properties? There obviously must be an incentive to invest there, if there's low income potential + lots of potential hassle with
by charlesdm 10y ago
What's the avg. yield on those properties? There obviously must be an incentive to invest there, if there's low income potential + lots of potential hassle with tenants etc
- brogrammer90 10y agoThe higher the crime rate the higher the cap rate. You could outsource to a property management company but you get raped of your profits via collusion with contractors. If you can replace rotted subfloors, toilet wax rings, broken windows, and can shoot 3 inch groups at 10 yards then you might be successful.