Market Research in Minneapolis

[LaQuadra Neal]

Hello Bigger Pockets' Investors,

I am starting real estate investing as a wholesaler. I am slightly overwhelmed because I hear a lot of seasoned investors say learn your market. I believe it is a vague statement. What information is important for researching a market? Where is the best place to find information regarding the market? 

I have researched different aspects of particular zip codes such as what percentage of residents are renters in the neighborhood, how much is the average rent in a particular zip code (rent-o-meter and City of Minneapolis website), the price of homes that sold in April (Zillow) and interest rates. 

[Jake S.]

Hey! A few factors when studying your target market....

1. Unemployment
2. Population
3. Job Diversity
4. Age Demographic
5. Employers
6. Supply and Demand
7. Education