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Showing posts from May 3, 2014

LOCATION: The opportunity of shabby,urban neighborhoods

Running a business is about getting the best return you can on your invested time and money.  Okay, sure, there are life-style businesses that attract entrepreneurs for reasons other than making money, but even then it's smart to keep an eye on return on investment.
"Relatively low-priced houses sometimes appreciates more quickly than those in expensive neighborhoods."
I think most of us are well aware of the recent "gentrification" of older, shabbier neighborhoods that suddenly, seemingly overnight, become magnets to investment and a higher-income population.  According to research published last year from the University of Chicago Booth School of Business, run-down urban neighborhoods generally offer the best return on investment for real estate investors - which implies that the same neighborhoods should be considered for locating a business so as to catch the wave of new investment and new consumers.

How to spot the next "hot" neighborhood?  
To resear…