Evaluating neighborhoods

[phlemboy]

Hi everyone. How do I determne if a neighborhood is good for investing in multfamilies if I don't know the area? I'd appreciate any insight. Thanx.


                                Mike

[John_in_NC]

Do you see lots of "For Rent" signs?? That can scare me off. Have you bought so cheaply that you can rent for at least 100 dollars less than the other houses???

[propertymanager]

Phlemboy,

You've got to do whatever it takes to learn the market.  There are no shortcuts.  You could start by talking with other successful landlorda at your local REIA.

Good Luck,

Mike