Skip to content
Buying & Selling Real Estate

User Stats

875
Posts
508
Votes
Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
508
Votes |
875
Posts

What are you looking for?

Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
Posted Feb 26 2024, 08:38

Simple question, what are you looking for in a city to invest in?

Is it the potential growth an area is facing? The cash flow on hand when you buy? Your backyard? 

I am curious to know what YOU are looking for in an area to invest in!

User Stats

33
Posts
30
Votes
Steven De Lange
  • Real Estate Agent
  • Myrtle Beach, SC
30
Votes |
33
Posts
Steven De Lange
  • Real Estate Agent
  • Myrtle Beach, SC
Replied Feb 26 2024, 10:34

Hi Sam! 

Great question, and I'm sure this will get a lot of different responses, which will be great. 

My wife and I look at a few different things: 

- Location 

- City growth (are people moving there, is a big company settling there)

- Costs of the property vs. the rental income 

- Appreciation vs. cash flow (which is sometimes dependent on the city)

I'm curious to hear what others have to say!

User Stats

2,592
Posts
1,611
Votes
Crystal Smith
  • Real Estate Broker
  • Chicago, IL
1,611
Votes |
2,592
Posts
Crystal Smith
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied Feb 27 2024, 08:47
Quote from @Sam McCormack:

Simple question, what are you looking for in a city to invest in?

Is it the potential growth an area is facing? The cash flow on hand when you buy? Your backyard? 

I am curious to know what YOU are looking for in an area to invest in!


 1. Diversity of opportunities & Multiple submarkets-

2. Multiple paths of progress evident

3. Cost to enter the market

The Smith Group Logo
BiggerPockets logo
Find, Vet and Invest in Syndications
|
BiggerPockets
PassivePockets will help you find sponsors, evaluate deals, and learn how to invest with confidence.

User Stats

875
Posts
508
Votes
Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
508
Votes |
875
Posts
Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
Replied Feb 27 2024, 10:44
Quote from @Steven De Lange:

Hi Sam! 

Great question, and I'm sure this will get a lot of different responses, which will be great. 

My wife and I look at a few different things: 

- Location 

- City growth (are people moving there, is a big company settling there)

- Costs of the property vs. the rental income 

- Appreciation vs. cash flow (which is sometimes dependent on the city)

I'm curious to hear what others have to say!


 Heck yeah Steven I love it! Thinking beyond just, "cash flow". What markets have you looked into that have this?

User Stats

875
Posts
508
Votes
Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
508
Votes |
875
Posts
Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
Replied Feb 27 2024, 10:45
Quote from @Crystal Smith:
Quote from @Sam McCormack:

Simple question, what are you looking for in a city to invest in?

Is it the potential growth an area is facing? The cash flow on hand when you buy? Your backyard? 

I am curious to know what YOU are looking for in an area to invest in!


 1. Diversity of opportunities & Multiple submarkets-

2. Multiple paths of progress evident

3. Cost to enter the market


 I don't see those often! What markets have you found/invested in that fit this?

User Stats

2,592
Posts
1,611
Votes
Crystal Smith
  • Real Estate Broker
  • Chicago, IL
1,611
Votes |
2,592
Posts
Crystal Smith
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied Feb 27 2024, 10:57
Quote from @Sam McCormack:
Quote from @Crystal Smith:
Quote from @Sam McCormack:

Simple question, what are you looking for in a city to invest in?

Is it the potential growth an area is facing? The cash flow on hand when you buy? Your backyard? 

I am curious to know what YOU are looking for in an area to invest in!


 1. Diversity of opportunities & Multiple submarkets-

2. Multiple paths of progress evident

3. Cost to enter the market


 I don't see those often! What markets have you found/invested in that fit this?


 Chicagoland, DFW, San Antonio, Atlanta.  There are others but these are the markets where we pulled the trigger in the past that met this criteria. Another criterion that I did not put in my original response was that we had to establish boots-on-the-ground partners in the market.

The Smith Group Logo

User Stats

19
Posts
22
Votes
Ryan Lopez
Pro Member
  • Investor
  • San Bernardino, CA
22
Votes |
19
Posts
Ryan Lopez
Pro Member
  • Investor
  • San Bernardino, CA
Replied Apr 22 2024, 16:25

Population growth, strong job growth, multisector industry/economy (Never invest in an area propped up by a single industry, or worse, a single company), landlord and business friendly, strong development, strong sports teams (even minor and farm teams), lower crime rates than national average, and good schools/colleges nearby. All these factors suggest a strong and stable market for years to come.