Where real estate investment is involved, the options are virtually endless. After all, there are markets all over the country (and the world) in which to strategically build up passive income. Some investors favor big, glamorous markets while others are content with single-family homes in less lauded areas.
We often hear these markets described purely in terms of their city. Houston. New York. Los Angeles. Boca Raton. But as we all know, cities and markets are not uniform. There are variations in neighborhoods and communities that we need to pay mind to when looking to purchase an investment property. A safe neighborhood, after all, is absolutely key to your success. If you tenants feel unsafe in the area, chances are you won’t be keeping them for long. Safety isn’t the only criteria in a good investment property, however.
Before you buy, there are many factors to consider about your neighborhood of choice: namely, local amenities and attractions that can make you property prime real estate.