Before we talk about motivated sellers and marketing strategies, you will need to have an understanding of the ideal types of neighborhoods that result in most of our deals.
So what we created for you is the “The Ideal Neighborhood & Property Profile” (See the Welcome Packet). We’ve broken down the types of neighborhoods into zones to describe all types of neighborhoods and color-coded the zones to focus on the ideal type of neighborhood that result in most of our deals.
When it comes to neighborhoods, its probably a little easier to describe what we are not looking for because it’s a very narrow field. We work in many types of neighborhoods but the certain types of neighborhoods that we try to avoid and stay away from are “war” zones (Zone A) and “near war” zones (Zone B).
“War” zones (Zone A) are neighborhoods that have trash lining the street, drug deals going on, some place where we could get shot, and overall just an unsafe neighborhood. “Near war” zones (Zone B) are not as bad as “war” zones but are pretty close in description. This type of neighborhood is usually right next to “war” zones and typically mostly renters.
The sweet spot, as we like to call it, is the middle, Zones C through F. We find most of our properties in blue-collar neighborhoods. These types of neighborhoods can range from decent neighborhoods with lower income homebuyers and many renters to great neighborhoods with very few renters.
Usually our deals don’t result from neighborhoods with newer homes (Zone G) and luxury homes (Zone H) but with the current state of economy and the foreclosure crisis, we have had multiple properties referred to us resulting in some deals.
We usually don’t like to focus on these types of neighborhoods but we understand that deals come in all shapes and sizes so if you have a property in mind that doesn’t exactly fit our ideal specifications, submit it to us anyway and we’ll do what we can.