Could An Eyesore Kill Your Deal?
today i went to look at a property in an up and coming neighborhood. new delevopements are being put into place as i speak....write...whatever! anyhow i found a good candidate for an investment. house just needs cosmetic stuff. there is a house directly accross street that is abandoned and boarded up. my intention is to rent the property for a year or two and then flip. my question is do you think an eyesore can stop people from buying or renting in a low income neighborhood. it would stop me but that is my personal opinion
good advice! thanks
From my experience 1 eyesore on a block will not impede the saleability or rentability of your property.
If there are three or more on that block then I would stay away. Then it looks like the block is going downhill to the potential buyer or renter.