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Updated about 8 years ago on . Most recent reply

User Stats

1,413
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976
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James Masotti
  • Rental Property Investor
  • Washington Township, NJ
976
Votes |
1,413
Posts

Classifying Neighborhoods and Properties A to Z - A discussion

James Masotti
  • Rental Property Investor
  • Washington Township, NJ
Posted

I saw a post from @Joel Owens on this thread and it made me wonder how everyone identifies their property types. 

By this I mean...you'll regularly hear investors say stay away from D class neighborhoods. Or I only invest in B+ neighborhoods or better. 

Now I imagine this is some what subjective and is possibly even different from single family to multi family or from urban to suburban but the questions I put out on the table is:

What scale do you use to classify neighborhoods and properties?

And 

What is your criteria for each step in the scale?

Discuss

Most Popular Reply

User Stats

341
Posts
143
Votes
David Lichtenstadter
  • Rental Property Investor
  • Northern NJ
143
Votes |
341
Posts
David Lichtenstadter
  • Rental Property Investor
  • Northern NJ
Replied

A is good school good job, where everyone would prefer to be in. I dont have issues showing anytime
B is okay school, usually ppl who can't afford A. Safe and good job, I don't have issues showing anytime
C is inner city, or outskirts, I would still feel safe to show at 9-2pm, maybe, if later I will wait in car til client shows up
D is warzone, low income, on the news for crime, I try not to show, if I do, I try to make it in broad daylight, Bring flashlight, bc it's most likely distress with no utilities.. I also make sure a relative will check on me, or call during the show

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