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Real estate investor Jerry Norton believes that evaluating target areas is crucial in real estate investing, especially when fixing and flipping properties. This clip, part of his comprehensive set of fix and flip videos here at REI Wired, will teach you how to evaluate target areas – as a seasoned pro does. He divides target areas into several levels and discusses in detail the pros and cons of each level. He starts with the lowest level, which he thinks is a risky niche for many investors. Jerry Norton, whose rehabbing business is based in Michigan, also included pictures and figures of actual fix and flip deals he closed. And for those needing some motivation, watch out for the house that allowed him to net some $74,000 in profits. Having trouble evaluating neighborhoods? Watch this video now.
Armed with years of experience, Todd Dotson will teach you how you can evaluate various neighborhoods for your real estate investing business. He discusses in detail the differences of low, moderate, and middle income neighborhoods, and what investing methods work in such areas. Listen as he talks about area ratio and predominant anchors and why these two things are important when making evaluations. Want to know what exit strategies are best for wholesale and retail markets? How about the general rule about urban and suburban areas? Or transitional areas and war zones? Discover all these and Todd Dotson’s “ASAP formula” in this video.
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