Should I get an old house next to high crime zipcode with the hope it will get better in the future?

Hi all, I Got prequalified for $315k with 49%DTI ratio and $40k down payment. With that budget:

• I can either get old properties (single house, townhouse) from $280-$315k that is like 3-4 blocks away from ghetto area.

• Or get condo for $260-$290k IN the ghetto area with really high HOA ($300/month and up).

• Or should just skip it this time and keep on saving until I can put more down payment to be qualified for $370k budget (where my dream house is).

For your ref, I am in Southern Nevada.

My realtor said do your best to get in now because of house equity will be going up. I feel like this is more for his benefit.

I bet many of you were in this situation, what did you do? Would getting a cosigner will increase the budget?