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Updated almost 8 years ago on . Most recent reply

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14
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2
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John Chung
  • Los Angeles, CA
2
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14
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How to analyze housing market before you buy (rental/flip/etc)???

John Chung
  • Los Angeles, CA
Posted

Hi all, I want to buy a property using the BRRRR method...out of state. (I want to buy and hold) I cannot afford to buy in my overpriced state...

How do you analyze a market to see if it will be a good place to buy? (up and coming markets that i can find a good deal or even in a hot market)

1) Is there a site i can go to that shows things like Job, population, business growth/projections.  Places that are high rental areas.

2) Are there sites that shows if area is high/low crime rates.  Good school areas etc...

3) Rental information (what is average rental rates for that area based on metrics i plug in like dollars per square foot, etc...)

4) Should i be contacting a RE agent? Wholesaler? or maybe a turnkey company (although it might be too expensive going down that path)

Sorry for the many questions...but so much to consider...and I don't want to be stuck in analysis paralysis!!!  Just looking for a logical 1,2,3 step method to start my first purchase.

Your help would be much appreciated!!!

  • John Chung
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