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Mindy Jensen
#1 Questions About BiggerPockets & Official Site Announcements Contributor
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  • Longmont, CO
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What makes a great investment market?

Mindy Jensen
#1 Questions About BiggerPockets & Official Site Announcements Contributor
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorPosted

There is a lot of debate about staying local vs. investing out of town. What factors do you consider when deciding what market to invest in? What do you think makes a great market?

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Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
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Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied

Good question! 

I look at:

  • Rent / Price ratios
  • Cap Rates
  • Tenant Class
  • Unemployment
  • Percent of renters
  • Housing stock
  • Local development projects
  • My gut instinct
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