WHY in the world would anyone even remotely consider investing in a high crime area???. Is getting shot ,mugged , beaten or stabbed worth it?? What type of tenants do you think you would attract? Investing in seedy , high crime areas is just ASKING for trouble. IS this what you really want? I think it's pretty sad when you need to carry a gun to visit a property.
TARealty,
I agree that it is sad that it is necessary to carry a handgun. However, that doesn't change the fact that there are a lot of problems (especially drug problems) in the lower classes. We specialize in taking over problem properties, a lot of which I buy from disgruntled landlords. For example, I bought 4 buildings on one street. The entire street had been terrorized by drug dealers in these buildings for at least 5 years. I took over the properties and evicted all the drug dealers, drug addicts, vagrants, and losers. It was somewhat dangerous. The police were at the properties nearly every day for 5 weeks and I was threatened by drug dealers and convicted felons. I went to the buildings every day and a lot of evenings and kept up the pressure, calling the police and drug task force and letting the neighbors know that I was involved. The neighbors got involved and helped watch the properties. They called the police and drug task force. Many of the scumbags were arrested and went to jail.
In the end, we turned the entire street around. Today the street is a great place to live. The neighborhood is quiet and the properties are profitable (I bought them DIRT CHEAP). That is why I carry a handgun. I never know when I might run into a druggie that I've made homeless.
Mike
