Analyzing Neighborhoods for investing

[Scott Francis]

This is my first post, so forgive me if this has been discussed perviously.  I know the neighborhoods and schools are important when considering a long term rentals.  What is the best way to analyze a neighborhood or area of a city.

[Trevor Richardson]

For multifamily (1br to 2br) schools aren’t that important. Typically the tenants won’t have children. 

For houses it’s more important. I would analyze neighborhoods based on your investing goals. To me in any market the best neighborhoods are the working class neighborhoods where employment is accessible and nearby. And the market is stable. Properties in this area may need work and may not look the prettiest. But that’s where you as an investor add the greatest value. Fixing a home in an “ok” area because more than likely you got that property for a great price. IMO look for the “fringe” areas for investments.