Hi, I am completely new to this business but I am very excited about it. When looking to flip a house or invest in a rental, how do you tell whether or not an area is up and coming or becoming more of a ghetto?
Raymond, there are many ways to tell. Here are just a few ideas to get you started. I like to drive the area, see if people are taking pride in their homes. Cutting the grass and well kept yards. Haul away dumpster can indicate a renovation. Is the county upgrading the area? Are trendy business coming to the area? Do you feel safe there during the day and/or at night? Is there a plan for public transportation to enter the neighborhood? Check with your local police and see if the crime rate is getting better. Are there fun things to do in that area?