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Updated almost 6 years ago on . Most recent reply

User Stats

16
Posts
8
Votes
Jose Alvarado
  • Real Estate Investor
  • Pasco, WA
8
Votes |
16
Posts

Gathering Neighborhood Information, where to start

Jose Alvarado
  • Real Estate Investor
  • Pasco, WA
Posted

Hello there,

I am currently looking at appraising properties out of city for possible rehabs. Other then using a real estate agent for that city, what are good sites or ways of finding out what neighborhoods a property is located in? How can I determine a "B" tier, "C Tier", etc type neighborhood we often hear on the podcast?

Most Popular Reply

User Stats

48
Posts
19
Votes
Jairo Ortega
  • Real Estate Broker
  • Chicagoland Area
19
Votes |
48
Posts
Jairo Ortega
  • Real Estate Broker
  • Chicagoland Area
Replied

@Jose Alvarado I'd start with city-data.com They have a free and easy-to-use interface that shares consistent data between cities. I'm not entirely sure about the multi-family building classification. I always thought it was subjective. I'd like to know if there is a better answer out there.

I know that in the commercial office scene, buildings are rated by the BOMA Building Classification:

https://www.boma.org/BOMA/Research-Resources/Indus...

I' too would like to know if there is a universal classification for multifamily. All I've found so far is the following from a lender:

http://www.crefcoa.com/property-classifications.ht...

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