Paying for Market Data

[Brandon Major]

New investor here. Would love feedback on how successful investors initiate research on particular markets. Do you pay for data? Any recommendations would be greatly appreciated. Thank you! 

[Chris Seveney]

Quote from @Brandon Major:

New investor here. Would love feedback on how successful investors initiate research on particular markets. Do you pay for data? Any recommendations would be greatly appreciated. Thank you! 

 I recommend only paying for data if you are buying $10M+ in a specific market or area. There is tons of free data out there you can obtain aong with speaking with other investors in those areas. I tend to speak to real estate agents but do not put as much weight to many as they have more of a bias in regards to markets since its in their best interest to get you to buy or sell.