All Forum Posts by: Andre Crabb

hey @Thomas O'Donnell

Have you started looking around the city yet? Here is a map I just ranked, based on some growth factors for Multifamily.
I hope this helps when you start looking around!

Hi @Charleen Nicole Russo , there are several factors to consider.

One big one for me was, would I enjoy living there? But I decided to move as well...it sounds like you're going to stay living where you are?

I ranked some of the cities mentioned (and others) for you based on growth metrics. Of course There are plenty of other options, it just depends on what part of the US you're considering.
I hope this helps you start your search! :)

 checkout dobackflip.com

@Vincent B. everyone is going to give you a different answer.

Make a list of cities you would consider. Yes you want them to be good for your budget and investing, but you also want to make sure you will enjoy living there!

Then when you have your list, I would rank them based on whatever factors are important to you.

Then make the move :)

This is what I did 4 years ago, and that's how you'll know wherever you choose will fit your investing and lifestyle goals. Good luck :)

I like Neal Bawa's overall approach...find "big" cities everyone is talking about, Tampa, Indianapolis, etc, then go find smaller cities just outside of those.

As the bigger ones grow and become more expensive, people will bleed out into the surrounding areas.

Interesting! Thanks for that. Given this quote from that article...I'll let them handle the discrepancy 😂
You have to pick one or the other to trust at the end of the day. No doubt COVID affected many data sources.

"""

“We will be pursuing our legal remedies to get Detroit an accurate count.”

Census Bureau officials vouched for the accuracy of the count during a Thursday press conference, but civil rights groups and politicians have expressed concern that the COVID-19 pandemic affected the outcome.

"""

 No one should, I agree. Show me the data.

Quote from @Ali Mirabzadeh:

Quote from @Andre Crabb:

Quote from @Ali Mirabzadeh:

Hi,

I'm fairly new to BP and at the very beginning of my Out-of-State investment journey based in the Bay Area California. I have been considering Phoenix, AZ and Denver,CO as my options so far. I have compared population growth, rent growth, average income, and vacancy rate and they seem similar to each other on a high level. Denver seems to be more expensive and have higher median rents.

I know a good Cash-flow market is hard to go after right now and I'm going for the long game so would like to get appreciation and a positive cash-flow. I would like to get your opinion on what other factors I should consider to narrow down my search and pick a location out of those two(or any new locations you'd recommend to look after)

Thanks in advance.

Ali

Hey Ali,

Of course you can find deals wherever you go, but looking at historical trends. Denver seems like a more solid area than Phoenix. Especially if this market dip is coming...Phoenix was much more affected in '08 than Denver was. Denver also ranks better for metrics like education.

I ran them through my algorithm based on what you're looking for and Denver came out on top 👍

 Thanks for sharing this . I was curious to know what does your algorithm do exactly and what factors are considered?

@Ali Mirabzadeh

Yea sure, it compares the cities based on factors you select. I selected several based on what you mentioned you're looking for, as well as some historical trends.

Hey Ali,

Of course you can find deals wherever you go, but looking at historical trends. Denver seems like a more solid area than Phoenix. Especially if this market dip is coming...Phoenix was much more affected in '08 than Denver was. Denver also ranks better for metrics like education.

I ran them through my algorithm based on what you're looking for and Denver came out on top 👍

 We must have different sources of data?