All
Members
Companies
Blog
Forums
Podcast
Webinars
    User Log in  /  Sign up
  • Forums
    Newest Posts Trending Discussions Followed Forums Real Estate News & Current Events General Landlording & Rental Properties Buying & Selling Real Estate Deal Analysis See All
  • Education

    Read

    BiggerPockets Blog BPInsights: Expert Analysis Coronavirus Content & Resources Guides Glossary Reviews Member Blogs

    Watch

    Webinars Video Library Financial Independence Blueprint Intro to Real Estate: Rentals

    Listen

    BiggerPockets Real Estate Podcast BiggerPockets Money Podcast BiggerPockets Business Podcast Real Estate Rookie Podcast Daily Podcast (Audio Blog)

    Topics

    Business Operations Finance Finding Deals Property Management Property Types Strategy
  • Network

    Recommended Vendors

    Real Estate Agents Mortgage Lenders Companies Hard Money Lenders Contractors Investment Companies

    Search

    Members Events Jobs
  • Tools

    Calculators

    Rental Property Fix and Flip BRRRR Rehab Estimator
    Wholesaling Mortgage Payment 70% Rule Airbnb

    Services

    BPInsights: Property Insights Tenant Screening Property Management Lease Agreement Packages

    New Feature

    BPInsights (beta)

    Quickly analyze a property address or ZIP Code to compare your rent in your neighborhood.

    Analyze a property
  • Find Deals
    Real Estate Listings Find Foreclosures External Link Ads, Jobs, and Other
  • Bookstore

    Real Estate Books

    Profit Like The Pros Bidding to Buy See all books

    Featured Book

    BiggerPockets Wealth Magazine book cover
    BiggerPockets Wealth Magazine

    Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate! Subscribe today and get the Oct/Nov issue delivered to your door!

    Get the Magazine
  • Pricing
Log In Sign up
User
Quick search links
Podcast Hard Money Lenders Books New York
ForumsArrowBuying & Selling Real Estate DiscussionArrowHow do you get to know a market well?
  • Newest Posts
    • Newest Posts
    • Unanswered Discussions
  • Trending
    • Top Discussions
    • Trending Discussions
  • Browse Forums
Search Nova
Create post

How do you get to know a market well?

6 Replies

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Tenants, Finding & Screening Tenants, and Team
  • Posts 164
  • Votes 53

Ben Feder
Investor from Philadelphia, PA

posted about 1 year ago

When investing in real estate, you're supposed to know your market, what all the nieghborhoods are like, where to invest and where not to invest, etc. How do you get to know a market like this without extensive research that can take months by literally finding out what all the neighborhoods are, exploring all of them, talking to people in all the neighborhoods, etc.? Is finding a good agent who knows the nuances of the market enough, or do you need more information before investing in a particular market? If you need more info, then what information do you need and how do you get that information?

Rotate Log in or sign up to reply
user profile avatar
  • Posts 6.2K
  • Votes 3.7K

Aaron K.
Specialist from Riverside, CA

replied about 1 year ago

You don't need to know every detail but you need a solid feel.  When you are looking casually you don't get this.  At least for me as soon as you start looking with real money and a real budget you learn pretty quickly, which areas have value which areas have problems.  This kinda works with just internet shopping but is greatly magnified if you are actually touring houses.

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Tenants, Finding & Screening Tenants, and Team
  • Posts 164
  • Votes 53

Ben Feder
Investor from Philadelphia, PA

replied about 1 year ago

@Aaron K.

Thank, I hope it will come to me while online shopping and going to open houses, etc. How do you get a feel for this just by internet shopping or even touring houses? When you drive around or shop online, either way you are only looking at specific houses, which may or may not be reflective of the neighborhood they are in. Also, you would need to know how these neighborhoods are layed out and which other neighborhoods are nearby, and what class of neighborhoods you are lookng at.

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subject:
Rentals
  • Posts 3.2K
  • Votes 8.7K

Mike Dymski
Investor from Greenville, SC

replied about 1 year ago

Analyze 50 opportunities. Research that takes months is not extensive...that's what real estate investing is all about.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 6.2K
  • Votes 3.7K

Aaron K.
Specialist from Riverside, CA

replied about 1 year ago

@Ben Feder Google street view is a huge help here, also if you mark them yes/ no through a place like Redfin you'll see patterns start to emerge, as I said before a firm budget also helps, because it doesn't let you stretch fantasies too far.

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Tenants, Finding & Screening Tenants, and Team
  • Posts 164
  • Votes 53

Ben Feder
Investor from Philadelphia, PA

replied about 1 year ago
Originally posted by @Mike Dymski :

Analyze 50 opportunities. Research that takes months is not extensive...that's what real estate investing is all about.

 Are you saying that months of research on a single market to determine whether it's a good place to invest or not isn't extensive because "extensive research" would take longer, or because it shouldn't take that many months to figure out the market?

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Traditional Financing, Team, and Taxes & Accounting
  • Posts 170
  • Votes 151

Dustin Mathenia
Flipper/Rehabber from Dallas, TX

replied about 1 year ago

@Ben Feder

Rotate Log in or sign up to reply
  • 1
Related Resources Buying & Selling Real Estate Discussion
5 Reasons To Wait To Negotiate Until After the Home Inspection
Top 5 Tips for a Smooth and Stress-Free Home Sale
7 Ways to Get Your Offer Accepted in a Hot Market
4 Ways COVID-19 Has Changed Being a Real Estate Agent
How To Walk Through an Investment Property Like a Pro
Resources Read, see, and learn more!
Link Real Estate Investment Calculators
Link BiggerPockets Blog
Link Path to Purchase
Link Mortgage Loans
Link Find a Contractor
Link Real Estate Agents
Link Hard Money Lenders
Link Real Estate Listings

Top Contributors

Axel Meierhoefer
Axel Meierhoefer
Escondido, CA
9.46
Score
Bill Brandt
Bill Brandt
Las Vegas, NV
5.02
Score
Dave Foster
Dave Foster
St. Petersburg, FL
4.13
Score
Tina Tsysh
Tina Tsysh
Orange County, CA
4.07
Score
Carolyn Chupa
Carolyn Chupa
Denver, CO
3.29
Score

Buying & Selling Real Estate Discussion Trending Discussions

  • Is this property worth purchasing?
    24 Replies
  • Why Real Estate Investors Should be Their Own Agents
    10 Replies
  • Anyone successful refinanced a commericial property recently?
    8 Replies
  • Will I be able to qualify for a loan?
    8 Replies
  • Purchasing land in city near Austin a good idea?
    9 Replies
Log in Sign up

Log in

Forgot password?

If you signed up for BiggerPockets via Facebook, you can log in with just one click!

Log in with Facebook

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Let's get started

We just need a few details to get you set up and ready to go!

Use your real name

Use at least 8 characters. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Why create an account?

Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing.

Connect with 1,000,000+ real estate investors!

Find local real estate meetups and events in your area.

Start analyzing real estate properties, we do the math for you.

It's free!

Explore

  • Membership
  • Community
  • Education
  • Marketplace
  • Tools
  • FilePlace
  • REI Resources
  • Perks
  • Glossary
  • Reviews
  • iOS App
  • Android App

Company

  • About Us
  • Press
  • Advertising
  • Careers
  • Stats
  • Contact Us

Important

  • Editorial Guidelines
  • Terms of Use
  • Rules
  • Privacy
  • FAQ

Social

  • Facebook
  • Twitter
  • YouTube
  • Instagram
© 2004-2021 BiggerPockets, LLC. All Rights Reserved.