What neighborhoods make good candidates for gentrification?

What neighborhoods make good candidates for gentrification?

Michael Corbett (Real Estate Expert) gives expert video advice on: What are the various timelines for flipping a property?; How long should I hold a property that I want to flip?; When is a good time to buy real estate to flip? and more...

When you're looking for neighborhoods or areas, you want to look for neighborhoods in areas that have some kind of amenity or some kind of draw. Of course anything that's near a lake, or a beach, even though that may be very priced out if you're starting to get in the market. Or things that have cultural elements to them, cities that are actually improving and growing. A lot of the southern cities now are having a big draw because of people who are retiring down to the southern states. You want to look for areas and cities that have some sort of draw because draw creates population, population increases the value of the property.