“They’re neighborhoods where we will help local efforts to meet one National goal: that a child’s course in life should be not by the ZIP code she’s born in, but by the strength of her work ethic and the scope of her dreams,” the President said.The cities selected for the first zones are Los Angeles, Philadelphia and San Antonio, while the Kentucky zone covers a multicounty region in the southeastern Highlands area.

Anyways, this is how this rehabber got into the $250k-300k neighborhood with nothing down.

I say "I just need to get some quick information about the house right now and then I will take a look at the information and the neighborhood online, and if it looks like we can help I'll come take a look at the house, so how many bedrooms do you have?...

Hopefully this can be the beginning of a series of probing interviews with a very knowledgeable and successful investor.I wouldn't let his association with with the Rich Dad organization and it's fall into the pit of Guruism taint Ken.

There are lots of markets in the Cleveland area where duplexes are just flat-out bad deals while the 10-unit next door is a screaming deal, and there are neighborhoods where the opposite is true.

We have duplexes in C/B neighborhoods that sell for $70,000 with monthly rents of $1400.

The newer/better maintained the property, the better the neighborhood, the lower the supposed risk, therefor the lower the MCR.

My favorite to this day - drive up and down every street in the neighborhood and call every single for rent sign in the neighborhood.

I am talking B to C neighborhoods, working class.We find deals weekly with much higher returns, but we choose not to invest in those areas.Hope this helps!

The market is diverse enough to do well on flips, and fantastic for rentals.There are neighborhoods that are severely depressed, so you need to be understand where you are buying.Flipping is primarily a local activity, so you really need to focus on your backyard for that.