Assess Neighborhoods for Long-Term Growth
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A lot of investors buy the property first and study the neighborhood second. By the time they realize the area isn’t going anywhere, they’ve already signed the mortgage and spent three months on renovations. The neighborhood doesn’t…
How to Assess Neighborhoods for Long-Term Growth
A colleague bought a duplex in a suburb he described as “up and coming.” Three years later, he sold at a small loss, frustrated by vacancies and a weak rental market. The neighborhood wasn’t bad. It just wasn’t growing. That…