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Nelson Del Castillo
  • Investor
  • trumbull, CT
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Learn the market first or find the deal

Nelson Del Castillo
  • Investor
  • trumbull, CT
Posted
I'm looking for a distressed multi family homes that I can rehab to build equity and than hold as a rental for cash flow. My question is do I focus on learning a specific market first and than try finding a deal in that market, Or do I focus on finding a deal in a broader area of different markets and than learn the market after I find the deal. What do I prioritize. I'm afraid that if I focus only on one small market I might than not be able to find a deal in that specific market. Any help is appreciated.

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Christopher Brainard
  • Rental Property Investor
  • Rockwall, TX
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Christopher Brainard
  • Rental Property Investor
  • Rockwall, TX
Replied
Originally posted by @Nelson Del Castillo:

I'm looking for a distressed multi family homes that I can rehab to build equity and than hold as a rental for cash flow. My question is do I focus on learning a specific market first and than try finding a deal in that market, Or do I focus on finding a deal in a broader area of different markets and than learn the market after I find the deal. What do I prioritize. I'm afraid that if I focus only on one small market I might than not be able to find a deal in that specific market. Any help is appreciated.

You can't determine if you have a deal, if you don't know the market. Market first. 

-Christopher

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