All Forum Posts by: Sawyer Pruett

Quote from @Bruce Lynn:

Quote from @Sawyer Pruett:

Hi People!

I'm a newbie long-distance investor and I'm just

For Texas you might look at the Texas A&M real estate center.    The bigger cities in each place also probably have an EDC that would have the numbers.   

Thank you Bruce! Texas has been a darling these last few years, do you expect that to continue, or have prices caught up with demand? Just did some quick googling for major cities, you're right! Most have an EDC with great economic data. Very much appreciated!

Quote from @Alec Zielinski:

Quote from @Sawyer Pruett:

Quote from @Alec Zielinski:

1. Here is a few websites: niche.com (this can give you a rundown on crime, population, grading of city, rent vs. buy. The other is: https://www.uhaul.com/Articles/About/U-Haul-Growth-States-Of...(unfortunately the 2023 statistics are not up yet). You can always look on Facebook to see if there are local groups who are active daily. 

2. Depends on the area...I am in the Colorado market and do appraisals/realtor out here. I can pull up market trends in major boundaries to see if a market is appreciating, neutral, or depreciation. I can also see if housing is selling for more or less than list price. 

3. Depends on the agent who you are working with. Make sure they are investor friendly and know the area that you are willing to purchase in. 

4. What type of property are you looking for? Cash flow, fixer-upper, appreciation? Think about what your game plan is and go from there. 

What areas have yo been looking at? 

I’m looking for buy and hold so appreciation is my main consideration, but cash-flow is obviously nice as well. Not sure if these markets are old news, but I have a friend in Winston-Salem that says its a gold mine, and by all means it looks like it…low crime, good schools, population growth, friendly taxes, and reliable tenants. Also looking in Utah for similar reasons. So early in the game that I’m open to suggestion though, thanks for the advice!

Not too familiar with Utah or North Carolina but what you said in Winston-Salem sounds like a good fit. One thing to keep in mind cash-flow is now and appreciation maybe out of the questions. Over time YES you will see appreciation but if you can gain cash flow that would be more ideal. I would look for cash on cash return calculations that can be helpful. I did this when I bought outside of my state (Colorado) into the Indianapolis market. Since you are doing a long-distance rental research your property managers. I went through a few until I found the right guy and now it is doing great. I would also recommend having at least three (3) months in reserves to make sure if any repairs come into play. Hope this helps. Let me know if you have any other questions that I can help with. 

Thank you Alec, really appreciate the time and insights! What range of cash on cash returns are you looking for? Maybe this is foolish, but I think I'd be willing to take a slightly lower return and trust that I'm picking the right market for the long term, building through equity instead of immediate cash flow. Not sure if this is an effective risk assessment, but feel like it's safer than chasing the highest cashflows in potentially volatile markets. With that in mind, what cash on cash would be your absolute floor to consider moving forward with a property? Again, thank you so much!

Quote from @Alec Zielinski:

1. Here is a few websites: niche.com (this can give you a rundown on crime, population, grading of city, rent vs. buy. The other is: https://www.uhaul.com/Articles/About/U-Haul-Growth-States-Of...(unfortunately the 2023 statistics are not up yet). You can always look on Facebook to see if there are local groups who are active daily. 

2. Depends on the area...I am in the Colorado market and do appraisals/realtor out here. I can pull up market trends in major boundaries to see if a market is appreciating, neutral, or depreciation. I can also see if housing is selling for more or less than list price. 

3. Depends on the agent who you are working with. Make sure they are investor friendly and know the area that you are willing to purchase in. 

4. What type of property are you looking for? Cash flow, fixer-upper, appreciation? Think about what your game plan is and go from there. 

What areas have yo been looking at? 

I’m looking for buy and hold so appreciation is my main consideration, but cash-flow is obviously nice as well. Not sure if these markets are old news, but I have a friend in Winston-Salem that says its a gold mine, and by all means it looks like it…low crime, good schools, population growth, friendly taxes, and reliable tenants. Also looking in Utah for similar reasons. So early in the game that I’m open to suggestion though, thanks for the advice!

Hi People!

I'm a newbie long-distance investor and I'm just in the early research stage of buying my first income property. I'm trying to collect as much data as I can before deciding on which market to enter. Finding information on the financial side of many markets hasn't been a major problem so far, but I'm struggling to find accurate and up-to-date Real Estate adjacent statistics such as population projections, tenant demographics, crime, main movers in local economies, environmental risks, etc all stratified by city (or even better neighborhood!). I've been trying the websites for the Census Bureau, Urban Institute, and Pew Research Center, but still can't find the specific data I'm looking for, leaving me with four questions for you:

1. Beyond what I listed above (population projections, tenant demographics, crime, main movers in local economies, environmental risks, etc all stratified by city/neighborhood), do you recommend any other Real Estate adjacent stats to include in my research?

2. Do you have/use any reliable and up-to-date sources for these Real Estate adjacent stats?

3. Will local agents be able to provide these adjacent stats?

4. I'd love to feed the data for all cities/neighborhoods into a spreadsheet and create a weighted score for each locale. Any advice on what stats should carry the most weight? the least?

Thank you all for your time, I'd very much appreciate any insights. I'm excited to be a part of such a seemingly open and professional community, happy investing everyone!