How to find good markets

Question

Hello

I read a book called ABC’s of Real estate investing, and it went over market research but it wasn’t specific.

So I still don’t really understand how to find good real estate markets.

I know a couple of the things to look for, like population, jobs, new developments, “personality”, etc.

However I’ve tried to do that but I still don’t get it.

How do I find that information and how do I set meetings with officials, professionals to check if what I learned is correct?

Thank you!

Chris Davidson · Answer

@Paulino Gonzalez way to take some time on research and taking the first few steps. To find a market you need to first set your criteria.

First, what can you afford. If you only can get a 100k property that takes you out of a lot of markets.

Second, what are your goals. why are you wanting to invest in real estate (this helps answer number 3).

Third, how are you going to invest (long term rental, short term rental, flip). If a rental will you manage or have it managed for you. If a Flip who is doing the work.

When you know those 3 things you can then start to look at markets and but until you know what you are wanting to do finding a market isn't important yet. The only time a market comes first is if you are wanting to invest locally then you have to find a strategy that works for your market and needs.

Best of luck!