Oklahoma City, OK · Member since 2016 · 79 posts · 26 votes
Hello Biggerpockets,
I've been using www.bestplaces.net and it's been giving me a general idea of the real estate in the area. Is there any other approach I could use to having a better understanding of the local real estate market? Maybe a popular real estate book that teaches this subject?
Rental Property Investor · Petaluma, CA · Member since 2015 · 151 posts · 143 votes
8y
@Kean Levreault When I look at multi family I like to find the rent numbers and run some calcs to get an idea of what the property can do for me cash flow wise.
In general it is a good way to just get an idea of what is happening in the market. Listing prices, days on market, different key terms in listings that tell you something about the condition of the house. After a month or three of looking at listings everyday you will naturally start to see things.
Rental Property Investor · Edmond, OK · Member since 2017 · 1k+ posts · 1k+ votes
8y
Hi @Brian Tran, I'd be happy to help you navigate this.
The best way to find out about the market is to find people actively working in it. Definitely recommend connecting to other investors in the area. There are several REIAs and coffee meet ups that I would recommend.
Just shoot me a message if you'd like more info on any of the meetups or if you have any specific questions. I'd be happy to help!
Oakland, CA · Member since 2017 · 3 posts · 2 votes
8y
@Noel R. Thank you. That is helpful. I just contacted an agent to get that emailed over, but I have read that it is a slightly truncated version. I've been looking into becoming an unlicensed agent assistant. My understanding is that with that title you can gain full access to the MLS if you are added onto that agents account. A friend of mine in Oakland is getting her real estate license and I was asking her if I could be hers. I figure it cant hurt.