Everyone 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…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.