Passive Real Estate Investing
TBT: Make Better Decisions Using Neighborhood Info for Real Estate Investors
Nov 29, 2024
Dr. Andrew Schiller, the Founder and CEO of Location, Inc., shares his expertise on the vital influence of neighborhood data in real estate investing. He discusses how tools like NeighborhoodScout.com can enhance decision-making by providing deep insights into demographics, crime rates, and school quality. Schiller emphasizes the role of job growth in shaping real estate dynamics and highlights key factors contributing to neighborhood stability. The conversation also showcases algorithms that match neighborhoods, making it easier for investors to identify ideal locations.
43:45
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Quick takeaways
- Understanding neighborhood dynamics, such as demographics and crime rates, is crucial for making informed real estate investment decisions.
- Utilizing resources like NeighborhoodScout.com enables investors to access updated, predictive data that enhances property evaluation and investment strategy.
Deep dives
Importance of Neighborhood Data in Real Estate Investing
Many real estate investors overlook the significance of the neighborhood when evaluating properties. Factors such as demographics, crime rates, school quality, and the percentage of owner-occupied homes directly impact the investment decision. A comprehensive understanding of these elements can significantly enhance investment outcomes, ensuring better returns. Utilizing resources like NeighborhoodScout.com can provide valuable insights into these aspects and help investors make informed choices.
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