508 - Is That Neighborhood Up-and-Coming? Here's How to Tell by Andrew Syrios
Up and coming neighborhoods can be a great place to invest.
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Show Notes
When we ask for advice on a new idea, we are often looking for someone with experience to validate our ideas. That can be especially true when it comes to residential and investment properties.
As a beginner real estate investor looking to purchase residential properties, you will more than likely come to a point where you start seeing single-family houses in a very low price range, and find yourself tempted—or maybe even a little concerned.
Though people might warn against certain neighborhoods, you should be skeptical about these assumptions without ever visiting a property or checking out the neighborhood characteristics. Sometimes, a neighborhood deemed, falsely, “bad” might actually be a great fit for your portfolio.
(Read more at https://www.biggerpockets.com/blog/neighborhood-analysis)
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