Micro - Location Evaluation
Hi All and Happy New Year!
I would like to know how those of you evaluate the location of your investment property? Ignoring all other factors, let's assume the subject property passes all the other due diligence.
I am interested in how detailed you get. Do you pull crime statistics? Demo/Income stats? Local commercial growth? Other property on the street? Do you weigh any one statistic over another?
It's one thing to say "I am looking at a property located in XYZ Metro" and another to say "In XYZ Metro, how poised is this sector of the city or this neighborhood for growth?"
Would love to hear your opinions! Thanks