Factors you look for when investing in an area

[Matthew Kurtz]

Hello BP family, 

Now that the COVID-19 pandemic is loosening (sort of) it's hold on the global economy, I've seen more and more activity on the BP site - definitely a good sign!  I'm still relatively new to real estate investing and only have one deal under my belt. I recently moved to the New Orleans area during the start of the pandemic and used the time in quarantine to get my real estate license. I wanted to reach out and see what other real estate investors look for when evaluating an area to invest in. I understand real estate is local, but are there universal factors investors look for before they even start looking for deals? I'm all for doing my due diligence and compiling all the data necessary, but I'm a little lost on what things to look for. Any advice or insight would be appreciated!

Thanks,

Matt

[Kody Thompson]

Population, Economic diversity, Average income, Average DOM for the area. Appreciation over the past 10 years. 

How does that law fall in terms of on the renter or land lords side. Taxes, Political leanings. 

That should be a good start for you.