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Passive Real Estate Investing
Make Better Decisions Using Neighborhood Info | PREI 035
Mar 3, 2016
Dr. Andrew Schiller, Founder and CEO of Location, Inc., discusses the critical role of neighborhood data in real estate investing. He emphasizes the importance of analyzing local demographics, crime statistics, and school quality to make informed decisions. The conversation dives into the impact of job growth and gentrification on housing dynamics. Schiller shares insights on using NeighborhoodScout for uncovering hidden opportunities and understanding tenant demand, all vital for optimizing investment strategies.
43:47
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Quick takeaways
- Understanding neighborhood characteristics, including demographics and crime rates, is vital for making informed real estate investment decisions.
- Proximity to central business districts significantly influences property value trends and rental demand, proving more predictive than school quality alone.
Deep dives
The Significance of Neighborhood Data in Real Estate Investment
Understanding the characteristics of a neighborhood is crucial when making real estate investment decisions. Investors often overlook the neighborhood aspect, focusing primarily on the property itself, yet demographics, crime rates, schools, and homeownership statistics significantly impact property values. Valuable insights can be drawn from metrics such as the percentage of owner-occupied homes and educational attainment in the area. Tools like NeighborhoodScout.com provide comprehensive access to such data, enabling investors to make informed choices tailored to their investment goals.
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