All Forum Posts by: Franklin Curry Jr

Hello once again BP Community!

Just a few questions about the ABCs of neighborhoods. I've heard a few guest on Bigger Pockets podcast refer to buying properties in B and C neighborhoods. Some say they stay clear of D neighborhoods often referencing safety and comfort as a concern. Essentially I've heard it said that if you aren't comfortable being in that neighborhood at night then that is a D or lower location. I also heard of the ABCs of neighborhoods referencing median income levels of residents in the area.

I mean no disrespect with this question if these letters represent a community in a negative light. This is not my intent. I'm just trying to get a better understanding. My question is this, Are the A,B,C,D and F rankings subjective to each investor? If this is not the case then where are people pulling this info? Are they just making it up as it applies to them and their investment interest? I would guess relating to income that A+/A is a upper class neighborhood with high median income levels. This would be like 6 figures. B would represent upper middle class, C middle class, D close to or at the poverty level and F I hear doesn't really exist. Or does it? 

I'm not here saying one is better than the other because each investor looks in every type of neighbor based on their own interest. Any light shed on this issue will be greatly appreciated!

Thank you,

Welcome @Brookshire Harris! Love your energy and your attitude to get started. Somebody who I studied on how they do what they do is Max Maxwell! He is a wholesaler that is killing it! He has a podcast and a great youtube channel. Check him out as he only focuses on wholesaling. His info may be useful if you haven't found him already. Good luck to you brotha and welcome!

@Nathan Gesner you are right. I have been to a REI in my area. It was huge and a bit intimidating but I plan on going back now that I have an understanding how they work and a better focus on what I'm looking for. Thank for helping me in this thought process. I have a better plan on how to move forward.

Hello BP Community,

I would think it doesn't matter how you find/receive deals if it is a deal, assuming it is from a trusted source. If there is an opportunity to move on a deal, especially one that fits your criteria, then it shouldn't matter how you receive it...right? I mean assuming obviously it's legally and ethically found/received. 

I read an article on being careful about bird dogs and their fees. That most of the information a bird dog could find you could do on your own if you just put in the work. But I also saw some youtube videos on how wholesalers like to utilize bird dogs for quick deals and that they provide value. 

Some people only work with agents or maybe trusted members from their local REI/partnerships. I've also read that some investors would rather find and make their own deals off the MLS or auctions sites.

I guess it ultimately depends on where you are in your investment career and what kind of investments you are involved with. For example a syndication. Usually people who want to take a more passive approach and let their money work for them rather focus only on syndication. Somebody usually brings them the deal. This also reminds me of hard money lenders where it is also more of a "hands off" way of investing and having the deals come to you.

Base on your own experience can some of you shed some light on how you prefer to find or receive your deals? 

Secondly and maybe for seasoned investors is there a way you prefer your deals now that has changed since you first started? 

Thanks BP Community.

@Nathan Gesner exactly! This is my goal. Currently the house/property we are looking at the moment is being shown to us through a family friend that is our realtor. But in the future I plan on working with an investor friendly realtor. I'm trying to figure out good vetting questions to ask in order to ensure I line up a good realtor that wants to work with us and understand our needs. It will be a win win for both of us. 

@Edgar Perez there is a great podcast I hope answers your question. 

Check: Bigger Podcast show 294 Meet Property Management Extraordinaire, RE Investor & Hotel Owner Jesse McCue @ 43:33 David Green ask a great questions on how to vet a good property manager to Jesse. I think this may answer your question exactly and may help you in your search. Good luck!

Thanks @Ryan Daniher. I'm still trying to wrap my head around the HELOC strategy and how I could use that down the line.

@Chace Fraser THIS IS EXACTLY WHAT I AM LOOKING FOR! THANKS. I like this story. I will be sharing this with my wife. I never thought about having several properties that would pay for or future single that we could call home. Great idea!

@Michael N. thank you! This was my thought exactly.

@Eric Giovannucci that's what I was thinking. I want to start and running the numbers and our next phase in life this seems like the best step. Like Dave Ramsey said, "Live like nobody else so you can live and give like nobody else."