Flipping America

FAR 008 Marty from Dayton OH: I’m looking at 4 or 5 possible deals that I can buy for less than $20,000 each. I can buy two of them. All of them are in the same area - it’s not a great area, but it’s not a war zone either. The realtor tells me they will rent well and the return will be pretty good. My concern is the value of the property isn’t going to increase much over the years. What are your thoughts? Begin by reviewing your personal goals. If it is long term relatively passive cash flow, these may be a good option. One good question I’ve learned to ask myself over the years is this: “How could this property kick me in the fanny?” Your answer to that question may guide you. In many cities there is an ebb and flow to neighborhood quality. They are either improving or declining. This is less often the case in suburbs or small towns. Look at the larger trends in the area. A similar question is to consider the upside. What are the potential rewards? Barnesville, GA, 2009, $8000. $650/month rent. Unless you b