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Updated over 5 years ago,
What is this A, B, C, D, etc area?
I’m new to the Real Estate Investment scene. I’ve been doing a lot of research on markets I’m interested in as well as a lot of research on BiggerPockets. Something that I’ve seen quite a few times now is the classification of of cities/neighborhoods such as A, B, C and so forth.
My question is how do I determine what areas should be classified as what? I get that A is great and F is really bad, but what constitutes the ratings? Is there a chart with specifics to look for in cities? A fear of mine has been purchasing property that needs quite a bit of work in not the best areas, but also not the worst. I’m worried about getting a fairly good deal but after rehab that I won’t be able to sell, or at least sell fairly quickly due to being in not the best area. Any advice and insight would be great. Thanks!