All Forum Posts by: Art Perkitny

@Chad Trail, what you heard seems to be in line with what the data is showing. 

The core of Killeen seems to be composed of mainly D/F grade areas. 

This suggests that you may have a heard time finding tenants that meet a certain standard and that will stay long term. 

That being said, the outer areas surrounding the central core are C/B quality and may be a better bet for finding quality tenants. 

@Lisa M. In addition to pop decline, there seems to be a reduction in median home values and household income. Rents have increased nominally since 2010, with a notable dip in 2015. 

With that said, Belleville is defiantly a riskier place to invest.  Most areas in the core are of D/F rank., while the outer suburbs are C with the occasional B. (See charts and map below for details) 

@Sehun Kook, I like what @Kenneth McKeown is suggesting. I would stick to B/C areas for your first investment. 

As to where you should be searching for Multiplexes, I have provided you with a map (see below) of all of Dallas County and the percentage of properties that have 5 to 9 units for various sub-markets. Greener areas indicate higher concentrations of such property types. 

The 2nd map shows the areas that have over 10 percent of properties meeting the unit requirement and are located in B/C neighborhoods. 

I suggest using the dropbox link, since the images attached will be compressed and hard to read.

https://www.dropbox.com/s/x0j4cky9c6q9syr/dallas.j...

https://www.dropbox.com/s/ish5690yhbmq9co/dallas2....

@Account Closed. Yields will vary greatly depending on the perceived risk of each area within Pittsburgh, or any city for that matter.

That being said, if you look at the high level data, it shows that on average properties in Pittsburgh are producing rents that are 0.82% of the purchase price.  

That being said, you'll need to decide what your investment goals are, what returns you are looking for, and how much risk you're willing to take on. 

The next image shows areas in Pittsburgh and rent to price ratios for each of them.  The darker the color, the higher the rent to price ratio is. 

@Aldo Balatti, If you are looking to be directly inside the city of Buffalo then C/B neighborhoods will be harder to come by. I would focus my search on the northern region of Buffalo if this is the case. 

However I would suggest looking to the outer ring suburbs such as West Seneca, Cheektowaga, and  Tonawanda, where you'll find more C level areas, to begin your search. 

I have attached two maps that should help you find a location around Buffalo that fits your criteria.  

@Deborah Burian, glad you like it! The high level explanation is that it's a statistical algorithm that takes in a series of economic indicators for each area and computes a score. So far it seems to be accurate for about 95% of areas, there are some anomalies and places that are either missing some data or have no data at all. I am working on fixing these issues at the moment. 

@Manouk Yeghikian, based on what @Deborah Burian is saying you may want to focus your search on C/D area. Here is a map that displays the location grades of areas within OK City. This should give you a solid framework of where to start your search. 

@Yoree Washington, the data suggest that Alpena is not immune from the issues that other municipalities within MI suffer from. The population has been declining since 2011 and home values have not recovered since the great rescission. If you're looking for a riskier investment then Aplena may be a good area to look into, however I would not anticipate any appreciation to occur. 

@Silvia Sun, what @Joe Norman is saying is spot on.

Depending on your risk tolerance/ ROI requirements, Baltimore may be a great place or bad place to invest in.

If you're looking to take more risk, then there defiantly is more opportunity in Baltimore than if you are trying to simply make a small return with little to no hassle factor. 

That being said, there are areas in Baltimore that are B/C grade that should make for less risky investing. 

I have included a map to help you dial in your search once you decide what you are looking for in terms of risk and return.

@Marcello Oliveri, I agree with @Rich Kniss

The zip code seems to transition from A/B on the far west side to C /D on the east side closer to Grandview.