All Forum Posts by: Rada Vassileva

@Erik B.  I'm still learning the lingo - what is OOS? :)

Thank you @Zach C., I really appreciate your thorough advice!  

Great advice @Flora Nguyen, thank you!

@Cassie Swan Thank you, I think this would be really helpful.

Thank you @Jonathan Farber, I've found some Neal Bawa’s podcasts on YouTube and I'm going to watch them.

Thank you @Angelo Forzano, City-Data is a great source of information and it looks like the information is current.

@Darius Ogloza I too think that the flipping activity is (maybe) a good proxy for identifying gentrifying/improving areas. Since the app gives me the number of flips in every neighborhood (census tract), nationwide, I'm trying to find out if/how this correlates with the investors' activity in a particular area, and if this could help identifying prospective areas.  

Also, I'm wondering if the ratio between the number of absentee owners and the recent flips could be used to gauge the investment activity in the area ?...

@Alyssa Dyer, thank you for the great advice about finding out the county & town plans for future developments! 

I know that nothing can substitute going into the area and talking to experienced investors and local authorities. But I'm also wondering if local-level technical indicators/stats could be helpful when researching areas in many different states/counties. I don't intend to rely on the data only though.

  

@Anthony Simboli, that's what I'm trying to do - to spot a trend :) Could you share what criteria you are using to evaluate towns and neighborhoods?

Thank you @Darius Ogloza! I agree, that's why I'm researching the neighborhoods (census tracts are pretty good proxy for neighborhoods). In my city, there is an area with mostly condos which is next to an area with multimillion dollars homes. So you are right, a much more granular level is needed for a meaningful research.
Since I'm researching cities in different states (for marketing purposes mostly) I'm relying on aggregated property data, and I'm wondering if the number of flips in a neighborhood is a reliable indicator.  If you see that almost 20% of the recent sales were flips, what does it tell you?
Also, I see that you are using some neighborhood classification - A,B,C, etc. Can you tell me more about this?

Thank you @Bonnie Rhodes! The current industries are a good indicator, but assessing the future economic growth seems difficult - at least to me, since I'm out-of-state. 
Thank you again and best luck to you too!