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Updated almost 4 years ago on . Most recent reply
Finding Neighborhoods for Rental Properties
I have a mentor who gave me the advice to identify an area that I want to invest in, a zipcode or two, and learn it inside and out. He has small sections of his market that he knows better than anyone else, he is able to keep a good pulse on those areas since he knows them so well.
I was wondering what traits of neighborhoods and zip codes etc make good candidates for rental properties. What kind of things should I look for to identify which zip codes I am going to try to learn and find deals in.
Let me know. Also, if you do not agree with this advice, explain why he is wrong. I am brand new and am trying to get started.
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Schools. Find a community with good schools and you'll find a good community. People that care about the education of their children are generally going to have stable jobs and are more likely to stay put until their kids are done with school.
- Nathan Gesner
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