Passive Real Estate Investing TBT: Make Better Decisions Using Neighborhood Info for Real Estate Investors
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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.
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Neighborhood Due Diligence
- Consider neighborhood factors beyond just property and market analysis.
- Demographics, crime, schools, and job access influence investment decisions.
Data Collection and Processing
- NeighborhoodScout uses ~18,000 data sources, updated 7+ times yearly.
- Predictive modeling fills data gaps, generating insights for areas as small as 33 feet.
Central Business District Proximity
- Proximity to central business districts is a strong predictor of rising property values.
- This trend is consistent across major U.S. cities.