Hello Friend,
Do you know how to select a good area in which to buy investment real estate?
Have you ever tried researching a particular area of a town that you were interested in buying real estate in?
These are questions that you should be pondering if you are a new real estate investor, and you are looking to purchase your first rental property.
In my opinion, the best way to gain insight into a particular area that you are interested in investing in is to simply walk around in this area.
By ‘walking the streets’ you learn the most that you possibly can about that given area.
You are able to observe many things. The key things that you may see during your ‘walk-about’ of the area are:
- 1) Homes for sale
- 2) The condition of homes
- 3) Tenant profile (good or bad)
- 4) Close by amenities (shopping malls, Doctor’s offices, restaurants)
- 5) The general age of the people living in the area
- 6) The types of cars they have in their driveways
Walking the streets is the number one thing that you can do in order to get a true ‘feel’ for a particular area.
So if you are a new real estate investor and you are considering investing in a particular area. If you have not done so already, take the time to walk the streets. You will be truly amazed at what you will find.
At the bottom of this article, I have included a video that I recorded back in 2009. In the video, I was ‘walking the streets’ and I share some of the insights that I found.
Check out the video below.
Best Regards,
Neil Uttamsingh
ps: First Rental Property will be making a HUGE announcement within the next few days. Check back into the blog on a regular basis for the GROUND BREAKING news…
Now here is the video…
[youtube]http://www.youtube.com/watch?v=id2-2oajXq8&feature=g-upl[/youtube]
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