Choosing the Right Neighborhood | PREI 007
Passive Real Estate Investing
Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.
4.6 • 968 Ratings
🗓️ 15 July 2015
⏱️ 20 minutes
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| 0:00.0 | Welcome to passive real estate investing, the show where busy people like you learn |
| 0:05.2 | how to build substantial passive income while creating wealth for the long term. |
| 0:09.2 | And now here's your host, Marco Santorelli. |
| 0:12.3 | Hello and welcome back to another episode. Now here's your host, Marco Santorelli. |
| 0:13.0 | Hello and welcome back to another episode of passive real estate investing. |
| 0:16.7 | I'm your host, Marco Santorelli, and this is the show where busy people like you |
| 0:21.4 | learn how to build substantial passive income and create |
| 0:23.9 | wealth for the long term. Thanks for joining us again. Today's show is very |
| 0:27.9 | important. It's about choosing the right neighborhood and how do you go about |
| 0:31.9 | doing that. This is an important topic. |
| 0:35.0 | A lot of people talk about neighborhoods and how they qualify them or grade them. |
| 0:39.9 | But classifying a neighborhood by type varies from investor to investor. In fact, what many investors |
| 0:45.8 | referred to as a grade is typically nothing more than a subjective description. |
| 0:50.8 | Although most people will have a pretty general idea of what is being referred to, in my experience it is usually nothing more than a qualitative rather than a quantitative description. |
| 1:00.0 | So the fact is, is there is no formal definition out there of what a neighborhood type or a neighborhood grade is. |
| 1:08.0 | In fact, if you go back to episode number four where I talk about turn key real estate investing and turn key real estate investments. |
| 1:16.6 | Even there, I've talked about there not being a formal definition of what turn key real estate and real estate investments are and everybody has a different idea or |
| 1:26.8 | definition of what that might be. So in an effort to level the playing field and define what that is. I've gone into |
| 1:34.8 | some detail about that in episode four, so if you haven't listened to that, be sure |
| 1:38.8 | to take a listen. So with this ambiguity, we've, over the years, developed a somewhat proprietary but simple |
| 1:46.7 | grading system that we use to grade all of our investment grade properties. |
| 1:52.1 | And to help you better understand this this I'm going to go over a |
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