How Do You Find a Good Market

5 Replies

I live in California and I really want to get started. I know generally looking in your area is best but the level of entry in the San Francisco area is sooooo high. Where should I look? I could drive down the freeway a couple of hours and probably find something but...... Any thoughts? Out of state?

Thanks.

“A good hockey player plays where the puck is…a great hockey player plays where the puck is going to be.” Wayne Gretzky....The same is true in real estate investing. If you want to be a great investor, spend not where the population growth is, but where it’s going to be.

great take-away from the article by Ken McElory, "Follow the Facts: How Population Changes Affect the Real Estate Market." @Erik Harrison , once you figure out where that growth is going to be and if it is a place you are comfortable "getting started", therein lies your answer, just my two cents, but am certainly no expert.  All be best and please let us know how that goes.

@Erik Harrison @Anna M.  Welcome Erik! Drive across the bridge, Oakland, Richmond etc. You have so much opportunity within arms reach. People (fellow investors) and properties. Wholesale to start? Did you read the SFGate article yesterday on a house in Richmond? Anna, a female investor starting my morning off with a quote from the "Great One".....you are my new fav! Ha ha!

@Dylan Vargas and @Anna M. thank you. Dylan I see you are from Chico. How is the market there? And Anna, any suggestion on how to forcast the growth in certain areas? 

I have definitely thought of wholesale to start but, I’m just trying to learn as much as possible at the moment to get started in some way. My ultimate goal is to buy and hold using brrrr. 

@Erik Harrison Market is on fire in Chico probably similar to the Bay Area. Homes will sell fast for flippers. Buy and hold is tougher but still not too bad. 

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