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Einat Menashe
  • Rental Property Investor
  • Seattle, WA
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What resources to use for market analysis?

Einat Menashe
  • Rental Property Investor
  • Seattle, WA
Posted Jul 8 2019, 12:43

Hi everybody! I am a newbie from Seattle, Washington. I am trying yo figure out what market to invest in and I was wondering what resources do you use to get the market information below?

1. Rent/price ratio 

3. Job growth

4. Income growth

5. Population growth

6. Risk factors

I am considering investing in Spokane, WA or possibly in Oklahoma City, OK. 

Thank you for your help!

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Taylor L.#2 Commercial Real Estate Investing Contributor
  • Multifamily and Self Storage Investor
  • Richmond, VA
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Taylor L.#2 Commercial Real Estate Investing Contributor
  • Multifamily and Self Storage Investor
  • Richmond, VA
Replied Jul 8 2019, 17:16

Census.gov and bls.gov will have a lot of the high level numbers you're looking for. Neighborhood-level info gets a bit more difficult to find, I've found that local sources tend to have the most up-to-date information.

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Einat Menashe
  • Rental Property Investor
  • Seattle, WA
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Einat Menashe
  • Rental Property Investor
  • Seattle, WA
Replied Jul 9 2019, 21:27

Thank you  @Taylor L.

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Alyssa Dyer
  • Rental Property Investor
  • Oklahoma City, OK
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Alyssa Dyer
  • Rental Property Investor
  • Oklahoma City, OK
Replied Jul 14 2019, 09:01

@Einat Menashe I can provide feedback about OKC!

1. With off-market deals you can typically hit the 1% rent to value ratio. 

3/4. The department of numbers might answer that. 

5. I've seen numerous sources stating OKC's consistent population growth! 

6. OKC is a very boring market. So if you're shooting for appreciation I wouldn't come here. However, as a place to safely invest while we're at the end of a cycle and there's an impending downturn, this could be a great option! Really people come here for cash flow, lowe entry point and security. You can grab a 70k property in a decent C class area and cash flow every month even during a downturn!