Determining Where to Invest

[Dwight Heffelfinger]

I’ve been reading & learning about investing in MF properties, and I’m enticed to begin. I’d like to start with a 2-4 unit property that I could buy & hold, adding value over time. One question I’m hoping this community could shed light on is, how I could determine specific cities/towns & types of properties I could attain. Are there any websites that may realistically help get this sense? I’ve already gone through a lender to figure out how much property I could invest in. My next step is trying to determine where. As a point of reference, I’m based in NYC and looking outside the metro area. I appreciate your insight.

[Sunny Yuen]

if you're just starting out like me, i'm finding value in connecting with the local community to find the key players on my team. with that said, i mine/calculate data to help me make investment decisions in the local market like what @Christi Hawkins said about an hour away and focus on those properties. do market analysis, have you tried the brrr calculator in bp? i copied some of fields that make the most sense to me and made a google sheets market analysis worksheet. use the census as well if you want to the demographics or economics in a certain neighborhood.