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How to Safely Invest in Real Estate. Part 5 The Masterlist
This blog starts to really dig into the real estate investing process. The first step is to create a Property Masterlist, moving from very broad categories to a specific house. 
Create lists that get progressively narrower.
County High job creation area High mobility area High retirement area 
Neighborhood Best neighborhood you can afford for a particular price point Fits your niche School-age What is the best school district in town? Info available on the web Ask your MMG Talk to teachers Ask friendsLow income Tends to be run-down Look for pockets that are nice Well-kept yards Don't budget any appreciation Lower cost of investment $50,000 mortgage threshold Section 8 rental marketMiddle income Joe Blue Collar Young families Singles Stable renters Hit hard by bad economy Neighborhoods near plants and/or jobsHigh income Can be demanding Usually shorter-term Higher risk of vacancyStreet Quiet streets are good If possible, stay off main road in neighborhood Be careful not to be too far back One block off main road Potential renters still see signSegment by sales price Follows same guidelines as neighborhoods Use a range Ask Realtor for ranges in particular neighborhoodsSegment by rental price Particular neighborhoods have an average rent Follows same guidelines as neighborhoodsSegment by vacancy rate Use ... more

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