Micro-targeting Investment Properties

Mike and Brook revisit the topic of micro-targeting investment properties, a discussion first explored pre-COVID. They dive into the key indicators that determine whether a neighborhood is on the rise, in decline, or holding steady. From analyzing vacancy rates to spotting investment opportunities near high-demand areas, they break down the signals that real estate investors should pay attention to. Plus, they share insights on vetting tenants and assessing the long-term potential of a rental property. All this and more on the Cleveland Real Estate Investor Podcast

01:15 Mike warns investors to be cautious when dealing with realtors, as their primary goal is selling homes rather than advising on investment potential.
04:30 Brooke explains how local businesses like coffee shops and restaurants can indicate an up-and-coming neighborhood, contrasting them with areas dominated by dollar stores and check-cashing locations.
08:30 Mike explains how vacant and dilapidated houses on a street can signal a poor investment, emphasizing the importance of checking Google Maps for neighborhood conditions.
13:10 Mike and Brooke discuss the importance of visiting a neighborhood at different times, especially at night, to get a real feel for noise levels, safety, and overall livability before investing.
19:45 Mike identifies Van Aken in Shaker Heights as a successful example of retail-driven neighborhood growth and suggests Warrensville Heights as a potential emerging market.