Hello everyone,

I am wondering how does one choose a market (US) to invest? For example, if one is looking for a quad to house hack with a perspective on commercial property. How does one find a market that will be growing in foreseeable future. Demographics may be one clue; how to go about researching them? What else factors in?

I think it depends what you’re trying to buy.

• 1)If you’re trying to buy a single family or duplex then it is probably better to go local. I am sure you can find a good deal within a 3hr drive from where you currently live.
• 2)If you're trying to buy a commercial multifamily like 5plex and above, then you need to expand your radius beyond 3hr drive. Because unlike SFR, the MFR are not abundant everywhere. With MFR there are a lot more factors to consider. Here are some of those factors: 1) Landlord friendly states like Indiana, Texas, Colorado etc. 2)Demographics. 3) Growth trends. 4) Economic activities 5) Keep away from over inflated markets like the California Bay area . 6) Reliable and trustworthy boot-on-the-ground partner
• 3)At the end of the day it boils down to the numbers, where can you find a good deal.

@Dennis P.

Hi dennis

this blog may help answer a few of your questions

http://www.jakeandgino.com/blog/how-you-can-start-...

Gino

Originally posted by @Jack Aduwo :

I think it depends what you’re trying to buy.

• 1)If you’re trying to buy a single family or duplex then it is probably better to go local. I am sure you can find a good deal within a 3hr drive from where you currently live.
• 2)If you're trying to buy a commercial multifamily like 5plex and above, then you need to expand your radius beyond 3hr drive. Because unlike SFR, the MFR are not abundant everywhere. With MFR there are a lot more factors to consider. Here are some of those factors: 1) Landlord friendly states like Indiana, Texas, Colorado etc. 2)Demographics. 3) Growth trends. 4) Economic activities 5) Keep away from over inflated markets like the California Bay area . 6) Reliable and trustworthy boot-on-the-ground partner
• 3)At the end of the day it boils down to the numbers, where can you find a good deal.

 Thank you, Jack, for a very helpful reply. I have been thinking along the same lines, and you've delineated it for me. Thinking about the 2nd point. Is Florida a landlord friendly state? I've concluded that CA in general is either overpriced or very close to the top. Where does one find this and the other information?

I am also curious how does go about finding a trustworthy partner. What are your thoughts on this?

If you do not mind me asking, how do you pronounce your last name? I know of people whose last name is Ardoyno, and it is pronounced as Are-Do-We-Know. Fascinates me ;-)

Originally posted by @Gino Barbaro :

@Dennis P.

Hi dennis

this blog may help answer a few of your questions

http://www.jakeandgino.com/blog/how-you-can-start-...

Gino

 Gino, your blog post is a great place to start. Appreciate you sharing. What are some other resources you can recommend on the topic?

@Dennis P.

There are a lot of terrific resources on this site.  At some point, you are going to have to hire a coach or seek a mentor for guidance.  Find someone successful who has done it, and follow them. You need to learn how to hire management companies and analyze markets hundreds of miles away.

Gino