Please Provide Feedback on My Demographic Study

Roswell, GA · Member since 2012 · 79 posts · 94 votes

Hey Guys,

I have done a demographic overview on the area I live in to try and narrow down the best place to start my real estate investing. I am looking to create passive income with a buy and hold strategy in small apartment buildings.

Here is an excel document broken down by county. Please let me know if you think I have missed anything important as I am still learning what I should be looking for.

http://www.biggerpockets.com/files/user/FivePines/file/capital-district-demographic-research

Here is some of that data in PowerPoint to help identify some of the visual trends. Looks like Saratoga County is a good place to start!

http://www.biggerpockets.com/files/user/FivePines/file/capital-district-demographic-study

Any helpful feedback would be greatly appreciated!

Kris

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Rick Baggenstoss
Developer · Decatur, GA · Member since 2011 · 1k+ posts · 1k+ votes
12y
Hi Kris,

I think it's a great study. You can also find more information on city-data including maps for hot spots and street level information.

http://www.city-data.com/city/Saratoga-New-York.html

Best of luck!

Rick

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Robert Sekula
Investor · Chicago, IL · Member since 2012 · 13 posts · 0 votes
12y
Kris,

Bit late to the party but I found your study very helpful as I'm getting started as well. You should consider adding other data points such as the % change in rental vacancy rates (help you determine if it's growing as a renter's market), total # of listings, % change in the total # of listings (helps determine if it's a buyers vs sellers market), and the age of inventory and % change in age of inventory (also helps determine if buyers vs sellers market). Just a thought to consider.

Also, what did you use as your source of information? Was it all cdrpc.org?

Thanks,

Rob
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