274: “Because of These 3 Simple Rules, I’ve Bought Over 600 Units and Never Lost Money” with Paul Morris
BiggerPockets Real Estate Podcast
00:00
Is Your Neighborhood Turning?
"I really focus on the deal that I'm doing and then rehabbing it," he says. "So with the 600 units that I have, I know very little about and have not even visited many, many of these places" When a neighborhood is bad, you can go in and buy things very inexpensively - but only if 20 to 25% has already turned. Once one out of every five or six houses had turned, prices went up so much there was barely any upside.
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