Different Ways to Analyze a Market

[Tanner Cory]

For the past couple months I have been analyzing deals to get used to running the numbers in preparation for my first deal, now I would like to start getting familiar with analyzing markets.

So my question is how do you all go about analyzing markets, what are redlags in a market, what to look for, what are good sources for information, do you focus on one zip code, and etc

I want to be as prepared as possible for my first deal so all information and strategies is very appreciated!

[Joshua Janus]

@Tanner Cory When researching a market, it is important to pay attention to the factors you highlighted above as well as what brings people to the city and what will continue to do so. If the price is relatively low/sqft and the city has a growing population and job market, the demand for homes will increase which leads to home appreciation. Also see how the specific market handles STR as that brings in a large section of rei investors and can drive prices up. Here is a quick analysis of my market. Paying attention to recent and upcoming capital investments by the city can also give you a good idea of where the money is flowing in the city and you can see if it is recovering or growing.

Columbus, Ohio is a great market to invest in. The population has been growing here year over year over the last decade, it is home to The Ohio State University which has over 50,000 students that live here along with those that visit, and it also holds a diverse range of young professionals and traveling nurses to fill the demand of the multiple business corporations and hospitals stationed here. Tech companies are continuously moving here and establishing a footprint in Columbus as well. Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs. https://www.dispatch.com/story... 

Here are a few more recent investments

https://www.10tv.com/article/m...

https://highlandcountypress.co...