Finding the Best Investing Markets

[Simon Schermerhorn]

Hi All,

I'm a semi new investor looking to do some out-of-state market research! I just secured a HELOC on our family home and frankly I'm itching to get this money working for us but I want to be certain I am investing in the best market.

I constantly hear the same markets come up in podcasts and in conversations such as Indianapolis, Memphis, and Kansas City to name a few. I am strongly convinced these are great cities to invest in but I want to see the numbers and confirm it for myself. I've been told to look at trends such as the City's GDP (Gross Domestic Product), MSA (Metropolitan Statistical Area), and HAI (Housing Affordability Index).

My question is where do you all tend to look for these metrics and are there any other key market indicators that you prefer to take into account? 

Any advice is appreciated!

[Mike D'Arrigo]

@Simon Schermerhorn the primary metrics I look at are Population growth, Job growth and Income. This data is all available through the U.S. Census Bureau and Bureau of Labor Statistics. Indianapolis and Kansas City are both excellent cash flow markets when you buy the right asset class and in the right neighborhood. We've been active in both for almost 10 years. Let me know if I can help.