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Updated over 8 years ago on . Most recent reply

Learning Your Market!
I have been doing some reading on how to study a market for investing and after I read several articles I feel confident in knowing how to investigate a market but then 5 minutes later I feel lost and don't know where to start. I am currently studying for my NYS RE Sslesperson license and I'm seeking to invest in Yonkers, NY.
I have looked at the "city-data" website for Yonkers, NY and I know that the population increased 9% since 2000 and the median income is in the $50,000 range.
I also know that I should research comps in my prospective area.
Can anyone give any advice as to what I should be doing to know my market inside and out.
Btw- I live about 15 minutes drive from Yonkers, NY.
Most Popular Reply

Find out what areas are good to invest in, that can collect the most rent and the crime rate for different areas. look for convenience, sub-way, bus, train, schools, even hospitals ( some people like to live close plus you may get Dr's and Nurses). here is a link that can help if you haven't gone to it yet: http://www.biggerpockets.com/renewsblog/2014/12/26/demographicstelling-real-estate-indicator-analyze-investing/