Favorite Websites for Market Analysis???

Question

Hey BP,

Looking for some great websites to use to gather information on different markets, especially OOS investing...

One of my personal favorites is "City-data.com", which was also suggested to me by a fellow BP investor!

Any insight is greatly appreciated, thank you in advance!!

Joe Funari · Answer

@CJ Moulton Be careful not to get "analysis paralysis" looking at demographic data for any market. I have been an investor for over a decade and helping other investors (many OOS) buy and sell investment properties here in the Dallas/Ft. Worth area. I would recommend that regardless of market you decide to invest in that you find a fellow investor/realtor that can help you purchase in the neighborhoods that make for ideal long term rentals. "Boots on the Ground" is much more valuable to you as a first time investor than looking at demographic data. We can help you select the right locations based on our years of experence as investors. Also, Dallas/Ft. Worth area is very strong for rentals because of the job market. Relocations to this area support this. U-Haul published data on top locations for one-way relocations. Look at the article here: https://www.uhaul.com/Articles/About/U-Haul-Growth-Metros-An...

If your interested in learning more why I invest here in the DFW area feel free to reach out directly to me. Words are free. Hope this helps.

Clayton Silva · Answer

This is definitely a good place to start and to network with people in the market you are looking to invest in.  I tell people to start by picking a strategy (OOS long term, OOS short term rental, fix and flip, etc) THEN pick a market and submarket THEN look for good tools/people, doing it any other order tends to be an exercise in futility.  But to answer your question, House canary is good for rent rates, zillow is a good tool for property data and for seeing what is for rent for how much, sales comps etc.  AirDNA is fine, but the data is often over or under inflated.

CJ Moulton · Answer

I would've never thought to look at U-Haul data! Thats very smart!

Will definitely be reaching out, would love to hear more.