EP49: Our Favorite Property Class & What That Means with Amelia & Grace
Hi everyone, welcome back to another episode. Last week we talked about your buy box and one of the things that should be in your buy box is property, or neighborhood, class. So this week we are going to break down the various classes of properties or neighborhoods, what they look like for us, what they might look like for you, and how you can benefit from knowing which ones are right for your portfolio. We will also be sharing our own personal examples of the various classes we have invested in as well as which class we most prefer to work within.
First, topics like this are highly subjective, so please remember that what might be considered an A or B class to us, might not be in your area, and vise versa. Property and neighborhood classes have pros and cons on every level and we use a sliding scale to break them down and differentiate them, giving you some general rules of thumb as guidelines.
Next, let’s talk about the various classes of neighborhoods:
A Class
B Class
C Class
D Class
Each of these is defined very differently, and will look different based on the area you are investing in, however one thing to keep in mind is always your WHY and exactly what it is you are looking for (hint: remember your buy box!).
In all, it comes down to two things:
What are you looking for: appreciation or cash flor (or maybe a little of both)?
What can you afford?
If you have a question or topic you would like covered in an upcoming episode, send us a DM on Instagram and we will queue it up!
That’s all we have for you this week friends, we’ll catch you in the next episode!
Resources:
Check out Steadily for your REI business
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