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REI Tech

What’s the Situation on Your Location?

locationEveryone in real estate knows how important location is when determining value. A great house in a crime-filled neighborhood is usually worth far less than a dump in Beverly Hills.

The trouble is knowing whether a neighborhood is a great place to invest or whether it’ll have all kinds of problems. Sure, many ghettos are easy to spot, as are the really high-end areas. It’s those in-between areas that require a lot of digging to find the diamonds in the rough.

Typically, real estate investors have been able to use several sources to figure out if a neighborhood is worth investing in. Some of these sources include:

  • Local Realtors
  • Calls to the police and crime reports
  • Reviews of schools in the area
  • Census bureau information on demographics and income
  • Sites like Rentometer to see how much rent can be charged

Investors want to see whether the typical people in that area would make good buyers or renters for investment…


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