From the course: Pre-investing: Before Investing in Real Estate
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Neighborhood analysis - Microsoft Excel Tutorial
From the course: Pre-investing: Before Investing in Real Estate
Neighborhood analysis
- In this lecture, we're going to dive into the neighborhood level analysis. What's important to know in order to be confident that you're investing in a good neighborhood, as well as a good property. All right, let's go. Now, with the neighborhood analysis, the first thing to do is you want to get first impressions. Go drive around that area, and go hang out there, during the weekday, on the weekends. Check it out in the morning, and on the commute back, for people. Where are they going to work, and which way they're coming back. You want to start asking yourself some questions about this neighborhood. What seems to be the general economic condition of the area? When you see people in the markets, at the cafes, do they seem like they're employed? Do they seem happy? Or are people depressed, and everybody's out of work? What does it feel like? And as you drive around the neighborhood, especially in the retail areas, and these economic centers, are there bustling businesses? Are they…
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