Creating Wealth Real Estate Investing with Jason Hartman CW 602 - Dr. Andrew Schiller - CEO of NeighborhoodScout, Location Inc.
NeighborhoodScout is an online data tool you can use to make real estate evaluations a breeze. Simple searches serve up quality information. The information is used by government agencies, real estate investors and individuals alike. Today’s guest, Dr. Andrew Schiller, the creator of the site, has a Ph.D. in geography, focusing in sustainable development.
Key Takeaways:
Jason’s Editorial:
[1:43] Jeff uses Voxer to ask Jason about startup costs
[7:09] General observations from the IMM conference in Scottsdale, AZ
[9:04] Embrace the fragmentation, 11K homes are owned by investors with less than 5 properties
[10:50] REITs is just not profitable, say some
[12:45] Meet the Masters of Income Property in January
[13:20] The Venture Alliance Mastermind trip to Dubai
Dr. Andrew Schiller Guest Interview:
[14:48] A Ph.D. in geography, using data for sustainable development
[17:29] Predicting crime risk at the individual address level
[17:49] Labeling real estate based on financial predictors
[18:50] Neighborhoodscout serves over 1 million people a month
[20:53] Analysing the raw data for vacancy rates and trends
[25:55] What should an investor be looking for when using NeighborhoodScout
[27:28] Communities with good schools maintain their value during tough times
[31:33] Other factors to consider when investing in income property
[34:29] The tipping point for stable rentals
[36:35] Why on earth would students take on 4 times the debt than their first job would pay?
[39:09] Our information on crime is very telling, Oakland, CA is the most expensive dangerous city
[42:58] Derby Street in Berkeley, CA, why is the crime so high?
[44:10] Inexpensive and safe places are available in the U.S.
[47:20] The perfect place for Jason to live
[49:10] How to use a subscription to the website
[50:01] The Federal Reserve and HUD use NeighborhoodScout for tax credit info
[52:43] Meritocracy
Mentions:
Voxer - Find Jason at jhart88