Market Research as a Newbie

[Sonya Chao]

Hi BP community,

I am new to real estate and have been following BP podcasts and book recs for a few years now. I am currently at the stage of market analysis focusing on SFH/LTR, hoping to BRRRR with properties with ARV of $200,000-$250,000 (if not under). I am focusing on cashflow properties to start. I have attached a snapshot of the excel I have done (starting with Brandon Turner's top cashflow city list from 2020), and I have compared cities/states with regards to median home price, income tax, inbound/outbound characteristics, etc. I understand there are deals everywhere, but I also hope to find a city that allows me to expand my portfolio in the future. I would like to hear you guys' thoughts on my approach and what my next steps could be (e.g. Look for more cities? Narrow down certain states?, etc.). I am located in NYC, so I am open to long-distance investing. I have a background in architecture and LEED (green building), so my expertise would be in creative use of layouts and zoning/building opportunities.

Any advice welcome.
Thank you all!

Sonya 

[Joshua Janus]

Have you been able to check out Columbus, Ohio? 

Intel just announced the largest chip factory in the world will be built here, and there are other tech and data analytic companies moving here with the growing population.

https://www.dispatch.com/story...