All Forum Posts by: Bryan Metz

Great Post @Bryan Metz, I use these same metrics when I invest in new markets. What type of term rental are you focusing on? I seek out markets that have strong travel demand, medical, historic draw, military, etc. If you're going to short term route, check the cities STR regulations and realtors/pm's on occupancy, ADR, and startup/rehab costs. Best of luck on your REI venture, looking forward to hearing about your successes!

Thanks @Robert Finn! I have heard that trying to invest near military bases or hospitals- things where there will always be demand of high quality tenants is a good thing to look into as well! I will add that to my criteria!

I am a bit of a newbie right now but have been focused on SFR rehabs. Been trying to read up on STRs though as I heard there is quite a bit of upside at the moment. I have heard though that the regulations are getting more and more strict. Thank you for your note! Best of luck to you as well!

0 Votes

Hey BP!

I am currently in the Atlanta area and finding it difficult to find deals that make sense here at the moment. I just finished David Greene’s Long Distance Real Estate Investing as I have been interested in expanding my search to other areas. I have been working with some different data sets to try and narrow my search to 3-5 markets I can really start evaluating. My current method is to look at 5 key metrics to narrow down to 5 states and then narrow down further to 5 specific areas from those states- all in this order of importance :

1- population growth/“opportunity”

2- crime rates

3- education

4- landlord favorability

5- economic stability

Once I have narrowed down further I would also likely include a few other potential things like public transport, specific school ratings etc.

Is my approach way off? What are the metrics you have found to show promise when trying to find new markets?

Any markets you are currently investing in that are promising?

thanks BP!

3 Votes

Hello BP!

First post here- newbie investor who is itching to buy my first rental property.

However, I am almost immobilized by the price of housing and the unknowns of the current market. I believe that the most important thing to do is to get started but I am having trouble determining a first move in the current environment.

I have some capital to get started but am afraid of dropping a ton into a hyper expensive turnkey property that is unlikely to cash flow well, if at all. I would love to BRRRR in order to scale more quickly but am struggling to find deals that make sense.

My question I guess is-

How do you take your first step when everything looks like a horrible move?

5 Votes

All Forum Posts by: Bryan Metz

Bryan Metz has started 2 posts and replied 4 times.

Post: Long Distance Investing

Post: Long Distance Investing

Post: Long Distance Investing

Post: The worst time to start is never