All Forum Posts by: Art Perkitny

@Wayne Snyder, I actually found the shapefile containing parcels on the gis website:

https://adacounty.id.gov/assessor/land-records/ada-county-assessor-data/

Then I used a python library called GeoPandas to manipulate the data to generate the list you see above.

The map was made using matplotlib

Unfortunately ownership data is not in the shapefile, so that would have to be scraped from the assesor portal here 

http://www.adacountyassessor.org/propsys/TermsConditions.jsp

using the parcel numbers

Hey @Desmond Fitch, 

Looking at the relevant data, we can see that Flint's home prices have been falling since the great recession. Also, rents have gone up, but nominally at best. The current rate of growth doesn't even exceed the inflationary rate.

The total population has also declined since 2010, and is continuing to do so. 

With all that in mind, I would personally be cautious with a market that is depreciating and losing population at this rate, especially as a first investment. 

You may be able to make it work due to your experience living there and the connection you have made, but I would dip my feet in a less risky market first to get some experience before trying to invest in Flint. 

See Data Below: 

Hey @Justin Hannah, great question! Decided to try what @Wayne Snyder suggested for Ada County, The county assessor website does provide gis files for all parcel within the county as well as unit counts for each one. I compiled the data and constructed a csv with all the parcels showing a unit count of 2 or more and less than 11. I also filtered down the list to parcels that occupy an acre or less since some properties that were showing up as having 2 or more units were actually large commercial farms or facilities. These may still be some false positives in the data set, but with all that being said, there seem to be 4,114 properties that fit your criteria in Ada County which defiantly reduces the search space quite a bit

I have include a link to the csv for your viewing as well a map containing the geometries for every parcel in Boise City that fit your requirements. The colorbar corresponds to number of units reported. 

Map 

https://www.dropbox.com/s/11nd0d00fkqc2ur/boise2.s...

CSV:

https://docs.google.com/spreadsheets/d/e/2PACX-1vR...

@Andres Aleman, I did, and not just for Baltimore, but the whole of the country. As for metrics, I will also look at  macro data points such as employment trend and population growth over time. The location grade gives you a good idea of the sub-markets in a macro area and their relative risk. This help identify areas to begin searching in that will fit your investing criteria.    

@Joe Scheffold , love what @Matthew Choi is suggesting. On the subject of emerging markets, I can't recommenced enough the book Emerging Real Estate Markets by David Lindahl. It's a relatively quick read but full of actionable information. 

As for areas to avoid in the location mentioned, it depends on what you are looking for in  your investment. Generally the higher the risk of a location, the greater the yield will be. Not sure if this is your first real estate investment, but I would recommend avoiding D/F areas in any of the cities you listed for your first purchase. Returns may be lower in C and higher sub-markets, but the risk will be less and you'll make out ahead in the long run. 

I have included maps of all three places and their block level location grades, This should give you an idea of where to start looking.

I would also give this a read if you haven't come across the location grade paradigm in your research yet:

https://www.biggerpockets.com/blog/2015/12/09/class-a-b-c-d-real-estate/

Hey @Nia Dixon, I have compiled a list, and provided a map as well, of cities that fit your investing criteria.

The data suggest that you'll want to look in the central areas of CA or AZ if you're looking for budget places to invest in. 

The locations all have median home values in the bottom 50% for all three states combined and the population threshold was set at 25k or more to eliminated nano-sized markets. 

The points on the map correspond to each location provided. The larger the bubble, the greater the population. 

I have provided a link to both a higher res image of the map as well as a csv with all  the data points.

https://www.dropbox.com/s/tpebs6ddo16a3b6/CaAzNv.svg?dl=0

https://docs.google.com/spreadsheets/d/e/2PACX-1vS...

@Jason Inks, I agree with @Christopher Williams for the most part The lower east side of Overland is defiantly C  grade, while some areas in the western portion are D. 

@Andres Aleman. I 100 percent agree with @Russell Brazil. The areas that your agent is suggesting are defiantly D/F class areas (see image below). Given that you are a new investor, I would suggest a more moderate market in the B/C level range. This should provide you with some cash flow from day one, while also benefit you in the form of appreciation in the long term. I have included a link to a google sheet file with each county in the general vicinity and it's corresponding average grade, population change from 2014 to 2018, and rent to price ratio (1% rule) for your use.  

Google sheet doc link: 

https://docs.google.com/spreadsheets/d/e/2PACX-1vQ...

@Lucy Sheahan, seems like 64105 is mainly B area, with some places being C grade. 

@Kin Meng Sio great analysis! Love how you've been able to identify four potential markets using data from various sources. 

I think I can help with deciding on a particular neighborhood to invest in. Below I have included maps for each of the areas you have identified and their corresponding location grades. 

Depending on your risk tolerance and return criteria, you will be able to determine what sub-market to focus your search on.