Still trying to get over the hump on my first investment. I’ve finally found a small house near an area that is going to undergo a massive redevelopment in the next few years, which will include alot of apartments/housing. Part of me thinks this is bad because of competition for rents, but the other part thinks the value will only go up once the area is redeveloped. Any ideas on which side I should consider more?

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Yup value will likely go up. “Competition” in this case is good

Sounds speculative. I wouldn’t jump in unless I knew that the property itself was a great bargain.

Thanks - I believe the property will cash flow as well at current rates and it should also appreciate after fixing it up. My concern was whether it will be an issue as far as renting with a lot of new multifamily coming up nearby. I suppose by that point I could sell too.

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