Deciding on what market to invest in….

[Angie Briggs]

Can anyone tell me what tools/websites/resources you’re using to determine what markets you’re investing in?  I  just north of Boston and the deals don’t make sense. I am now considering out of state investing and I’ve been looking into Columbus, OH, Indianapolis, Dallas, Houston, Orlando, Tampa.  I’m just having a bit of a hard time trying to decide. I’ve done a lot of reading online and have spoken to a few people but wondering if there is more I could be doing to solidify my decision.  Thank you in advance!

[Greg Scott]

Choosing one city amongst a list of good cities is not a critical decision.  You could do well in any of them.  All the ones on your list are fine options. I'd have a little more caution with Tampa and Houston just because insurance costs on the coasts are rising and uncertain.  That said, I know people in both of those that have done very well.

Far more important than the perfect city is putting together a strong team.  A strong team can help you be successful in ANY city.   I would argue that picking a good submarket is also more important than being in the perfect city.  I'd rather be in a great submarket in a OK city than a OK submarket in a great city.