Investor · Setauket, NY · Member since 2021 · 4 posts · 1 vote
Hey everybody. I’m Dave just starting out here in real estate investing. My goal is a house hack and I’m looking for a B & C neighborhoods. My question is how do you differentiate an B or C neighborhood from a D or A
Lender · Stony Brook, NY · Member since 2017 · 31 posts · 22 votes
4y
Hey @David Decosta, it's really just a feel type of thing. You need to be knowledgeable about the neighborhoods in the area to be able to compare them to each other.
As someone who is currently house hacking on LI, the best deals end up being in A and B neighborhoods
Real Estate Agent · Austin, TX · Member since 2020 · 338 posts · 296 votes
4y
Hey @David Decosta, great to have you. Neighborhood "classifications" are more, as @Ray Smith mentioned, based on feel - there's no set in stone criteria. They are very relative to each person and each market. A lot of it comes from seeing several (more likely dozens of) different properties and neighborhoods to be able to compare them. You'll eventually be able to look at/drive through a neighborhood and instantly be able to determine your "grade".
It makes it easier for you, given that you are planning on owner-occupying the property. You can physically walk the neighborhood and simply ask yourself: "would I live here". Many times that will answer your own question. Hope this helps!