Real estate investors need to use the benefits of the internet and use free websites that can allow them to understand more about specific properties and areas. We can not just rely on others but we need to learn how to back up what others on our team might tell us about properties and areas.
Trulia.com
We can search for a particular area or zip code to bring up properties. After focusing on a particular property we can click on the google map of the property and click on the street view. Many properties will allow us to see a photo of the property and also see how around the neighborhood. This can allow us to get a feel for how old the neighborhood is and if there are discouraging points that we see. This allows us to assess it without having to drive out to the neighborhood. We can also look at sales graphs and see the reports on properties sales in that area. We can also use the comparables tab and see the whole list of similar homes have sold in the area. Look over the list and compare the latest comparables and eliminate those that are much older sales.
Education.com
This website can be helpful for us to determine the insight of the schools in the same area we are searching for properties. We can click the links to all of the schools in the area. Click on the details and look at all of the statistics of the teacher to student ratio etc. We then could click the link to the school district. We call them up to determine which of these schools are OK to the better schools. They are more likely to give us insight if we quote them statistics that we have already researched out. Our intent is to target properties in areas that don’t have the really rough schools that buyers and renters would not like their children to attend.
Bestplaces.net
This website can allow us to get statistics on areas of interest. We can see a percentage of projected future job growth. We can call the chamber of commerce and determine based on their statistics as well what the projected jobs will come from. The intent is knowing that buyers and renters want to be in areas with more jobs.
These websites are free and allow us to become more savvy real estate investors. We don’t want to just take our teams word on their insight but we want to verify it by doing our own due diligence. These websites can feel more confident in our investing.
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