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21045102 No.21045102 [Reply] [Original]

Anyone here ever buy or know someone who bought real estate in a ghetto area for gentrification speculation?

There are some real bargains on fully renovated units in these shitty areas

>> No.21045193

After making good gains flipping houses on the countryside a friend opted into ghetto development. Today he is basically a janitor for the state that theoretically owns the apartment complex full of niggers that cant be evicted.

>> No.21045198

>>21045102
do your research on any potential back taxes and current tax rates, that's all i can say. i considered it. i live in southeast PA. the sky high property taxes in some of these coontowns destroys any chance of profit.

>> No.21045238

I’m a tradie and I’ve met a couple contractors who team up together, gather money in piles and buy up government subsidized properties where piss broke niggers collect their welfare. It can be risky if you’re just getting in but they seem to make money from it.

>> No.21045241

My uncle made a killing in Oakland CA like 20 years ago . Hint: find areas where the black population is shrinking

>> No.21045327

>>21045238
Where do those “piss-broke/niggers” will go after you buy up their neighborhood?
Like what you do with them? Do they gonna go other ghettos? Or they actually send them to nice neighborhood to fuck up everything and keep the cycle continues?

>> No.21045384
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21045384

>>21045327
Who cares

>> No.21045398

>>21045238
Do they rent them out to the government who subsidize the rent cost for the tenants?

>> No.21045433

>>21045241
> Black pop shrinks
Is this a thing? God I hope so. Where to find good stats?

>> No.21045689
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21045689

>>21045433
You're not going to get that sort of up to date granular data for free. You basically have to either network with agents/investors or do lots of legwork yourself. I can't stand dealing with lowlifes so I spent a lot of time looking for good locations and have extremely high tenant standards for how cheap my apartments are. I would never consider buying in ghettos or marginal hoods unless I could flip it asap. Life is too short to deal with trash, and gentrification can take years or even never happen, all the while you still have to operate the building.

>> No.21045751

>>21045689
I used to rent out a three bedroom in an okay area. The tenant was longterm and easy to deal with. If I didn't have solid data I wouldn't buy ghetto. Fuck that. Every time you come through you have to push through crowds of nogs at the doorstep no fucking way.

>> No.21046453
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21046453

>>21045102
I'll wait until the eviction notices get served and go on a road trip to see what's left of the country.

>> No.21046643

>>21046453
if trump loses the riots will probably go into the suburbs is this going to affect housing costs?

>> No.21046967
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21046967

>>21045327
Look at NYC hoods like dumbo. You go one block where its all hipster shops, apartments, and restaurants. Then a block down its the nogger towers