I asked this question in a separate post, but figured that would be not relevant to the original question, hence reposting here -
What are some of the methods to determine a neighborhood class (A, B, etc)? Especially for someone trying to invest out of state? Are there any good tools that would help?
Hey @Harsh Patel
Check out the link below
Hope it helps.
Your trying to get a grasp of an idea, down to the blocks level in some cases. That can be hard things to do.
1. Google maps at street level just to get a visual.
2. Ask locals, BP is a good spot for that.
3. Use a service or app that gives you detailed data on a property, area, schools, etc.
4. Buy a plain ticket. Never buy property without going by. A few hundred for a flight is a lot better than losing tens of thousands.
@Harsh Patel something I like to do is go to the tax accessors website and look at the owners of propeties near mine. If you’re seeing a lot of LLCs or other entities those are rentals, same with distant owners.
From there if it’s mostly LLCs and distant owners you know it’s likely a C neighborhood. If it’s 50-66 percent or so of both that’s B, and if it’s almost all owner occupied that’s likely A.
Also look at school ratings, and trucks crime map.
@Harsh Patel I have not but have heard of it. What’s it cost ?
Starts from $40/mo for 10 reports. I looked at their sample report and seemed useful.
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