Finding a market

[Michael Caro]

So I’m having trouble finding my first property and I don’t know where to start.

I have 100% funding so money is not the issue but idk which city/state to attack first. I live in Southern California but the area I live is extremely high costs houses.

Any tips/tricks that you guys use to find a market, see if it’s any good, or any numbers you run to make sure it works?

Anything will help thx you so much!!!!

[Alexander Felice]

many people have this problem, it's called choice overload (or overchoice) and it can be quite annoying.

you have capital, and the internet allows you to choose any market. The fact is that MOST markets work for some type of investing, so you don't have a problem with picking the best market, since there is no best market. Pick a market that is close enough and then commit. When scrolling through deals from a random city on the MLS none are going to look appealing and since you're not comitted to that city it's too easy to move on.

Sort of like tinder, you're just scrolling through people till you find one you kinda like, but as soon as it pisses you off you bail on it. 

The value is in the nuance, it's never on the surface. So it won't be until after you choose a market and find vendors, wholesalers, great realtors, and get some traction that you'll find  the really great deals. 

First, narrow your criteria. are you looking to buy and hold or flip? Do you want cash flow or appreciation? What's your price point? What class of assets do you want to purchase? 

The tighter you know your criteria the easier it is to find a market that fits. 

Once you find something pretty close, you need to commit hard and take a lot of time to build a network in that area