Narrowing down between markets
Hello all,
I am currently residing in central NJ, and as most people know the the market in my neighborhood is a little tougher to get into than most when you don't have a significant amount of cash laying around to invest.
I have been researching many different markets but my main question is - how do I choose one? I scour the forums day and night and research many of the popular cities that come up but really, i'm not sure how I can do the research on my own from scratch.
Can you guys tell me what your thought process is like when you search for a new market to invest in? Do you just open google maps and zoom out? Do you analyze growth in certain areas? What do you do?
Anyone that could point me in the right direction would be greatly appreciated. I am looking to purchase a duplex for under 80-90k and rehab it to an ARV of around 150k. Potentially renting for around 2k/month. Thanks!