Location, Location, Location… one of the major “golden rules”, when investing into real estate!
Personally, I prefer to mitigate risk and capture consistent cash-flow… I do this by avoiding “higher crime” areas, regardless of the speculative net cash-flow.
You can go to www.crimereports.com to analyze the crime rates in your desired market.
The final thing that I look for when it comes to purchasing a property or analyzing a specific area to invest is crime at the end of the day real estate is location location location so now that we know people are moving here there’s jobs here there’s great schools here what are people doing there right and you can actually go to crimereports.com.
All of the the references that I’ve mentioned below are going to be below this video so you guys can do your own research and and obviously break down your area of course but the reasoning why I want to identify what the crime reports are is not necessarily that you know d-class versus a-class is better or worse that’s not the point the point is is managing your risk okay.
If there’s a lot of crime going on you may put yourself and your business in a position that you’re liable for something happening at your property right or there’s typically a track record that if you’re in a d-class neighborhood and people are doing some crazy stuff in your area there’s likely going to be more wear and tear on your property and more phone calls more issues with the local you know police or with your management team and so is it worth getting that extra 100 a month but you’re putting yourself in your business in a position that could go under overnight because you’re not properly insured or something crazy happens at your property.