Evaluating Out of State Markets

[John Williams]

All right, this question is for my friends in those "expensive" markets that seek to invest outside of their own backyard:

Part 1: When evaluating out of state markets, what factors influence your decision and why?

Part 2: What sources of data do you rely on to inform your decision?

-John

Real Estate Broker, Property Manager  - Clarksville, TN

[Kit Serrell]

I invest in NC and FL.

Population growth, unemployment rate, crime (dont want to be in D- neighborhoods that contractors and PMs wont go in), tenant-landlord laws, price to rent ratio, and potential for appreciation were what I focused on.

I mainly use government websites, online crime maps, and generic news articles. For the more specific questions I normally search the forums here or I reach out to people on that city/regions local Facebook REIA's or other Facebook groups honestly. Can learn a lot from the local folks that way from the comfort of your own couch