Evaluating a market: (First time home buyer)
What are the main factors YOU take into consideration to decide what market to invest in? If my area doesn't have the best market, but I find a good deal, should i still pursue?
How much more of a factor is the market, compared to the numbers on the deal? What if nobody buys/rents?
Most Popular Reply
Thomas S.
#2 General Landlording & Rental Properties Contributor
#2 General Landlording & Rental Properties Contributor
You first need to clarify if this is a personal home purchase or a income investment property.
A personal home is a lifestyle decision and definatly not considered a investment, it is a liability.
Personal home and income investment property are at the opposite ends of the spectrum. Combining the two is a cross between a horse and a donkey.