5 Property Features Amateur Investors Should Avoid
Although there are people who specialize in dealing with these various problems, for most people, especially novice/amateur investors, it’s best to avoid properties with any of these 5 characteristics:
- Properties with environmental problems
- Properties with structural problems
- Properties located next to gas stations
- Properties that currently or previously house a dry cleaners
- Properties with functional obsolescence (i.e. knob-and-tube wiring or fuses instead of a circuit breaker box, bedrooms with no closets, or tiny closets, 5 bedroom 1 bathroom houses, one electrical outlet per room or rooms with no outlets)