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Updated about 2 years ago on . Most recent reply

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Alec Strahl
  • Rental Property Investor
  • Tampa, FL
9
Votes |
11
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How do I locate the best places to invest near me?

Alec Strahl
  • Rental Property Investor
  • Tampa, FL
Posted

I want to keep this simple because I’ve seen a lot of people talk a lot about this topic but haven’t heard anyone break it down simply. I am attempting to find out what the best areas are around me to start looking for rental properties, while also figuring out which ones to exclude. I currently live in the Dallas area and have done my preliminary research to identify it as an area with strong long term growth potential, growing population etc. I am now trying to narrow down the best neighborhoods/ zip codes I should be starting my search in. What financial metrics are you guys using for this? Are there any tools you have used to simplify this process? I want to know what key areas to focus on so I can then go through my due diligence process on each individual property without wasting my time looking in the wrong areas that are not good opportunities. Thank you!

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9,861
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Eliott Elias
  • Investor
  • Austin, TX
5,557
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9,861
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Eliott Elias
  • Investor
  • Austin, TX
Replied

Look at the major highway and see what secondary and tertiary markets are connected with your major city.

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