Finally set on starting my REI journey. Please advice
Hello BP community, my name is Edward and I am starting out my REI journey. First of all, I wanted to say thank you to all founders of BP, contributors and those who actively supports everyone who needs it. Thank YOU!
Little bit about myself. I moved to US from Europe 8 years ago and got involved into RE by working and then helping to manage Home Staging company and being part time marketing manager for local RE Agent.
I live in OC, CA and while most people say opportunities could be find anywhere, I think that going out of state is more beneficial budget wise and learning wise.
I set my goals, have a plan and currently analyzing couple of markets:
- Omaha, NE
- Cincinnati OH
- Milwaukee WI
I wanted to ask more experienced investors about following:
- Market analysis: I decided to look into 1) Population Growth 2) Median Home Price 3) Median rent 4) Price/rent ratio 5) Quality of life 6) Economic Growth 7) Affordability. Are those criteria correct? What do you look at without getting very deep into details (like crime rates, commute time etc)
Thank you for all your help and response any feedback is greatly appreciated. Edward.