Ideal neighborhoods for Driving for Dollars

[Dave Kush]

Hi Everybody, 

I've been driving for leads. I live in the Chicago suburbs, so just about every type of neighborhood is available... cheap, expensive, old, recent construction, well kept, run down, etc.  

I know deals can be found anywhere, but that said, have you found more success in certain types of neighborhood vs others?

Thank you for your help! 

Dave

[John O'Leary]

I like Upward transitional neighborhoods. C-C-, or even D+areas outside growing metros. Picture it like a dart board—areas farther from the center experience increasing pressure, leading to appreciation if you plan to cherry pick any to hold onto. For wholesale purposes you will find distressed properties that when fixed are still in affordable price ranges for end buyers especially with where rates are, or work on DSCR products. The reality is any of them can work if it's a good deal. There's always a buyers.