How to narrow down locations?

[Matthew Stallone]

Hi all,

Im having a difficult time narrowing down our next location to invest in. I have 12 locations ranging from Columbus, OH to Winston-Salem/Gastonia, NC to San Antonio, TX and a bunch in between. Im in Northern NJ, so investing close by isn't an option (nearest spot on my list is Pittsburgh but that's still 5 hours away). What specifics is everyone using to compare locations aside for pop, pop growth, avg rent to home prices... Also, where are you finding this data? I found a decent amount on city-data.

It's just super overwhelming at this point, I'm getting analysis paralysis over here and just want to make a move. I want decent cash flow as well as growth just like most here. Im likely leaning towards a multi, but still open to sfh in a portfolio deal.

Thanks all

[Remington Lyman]

Quote from @Matthew Stallone:

Hi all,

Im having a difficult time narrowing down our next location to invest in. I have 12 locations ranging from Columbus, OH to Winston-Salem/Gastonia, NC to San Antonio, TX and a bunch in between. Im in Northern NJ, so investing close by isn't an option (nearest spot on my list is Pittsburgh but that's still 5 hours away). What specifics is everyone using to compare locations aside for pop, pop growth, avg rent to home prices... Also, where are you finding this data? I found a decent amount on city-data.

It's just super overwhelming at this point, I'm getting analysis paralysis over here and just want to make a move. I want decent cash flow as well as growth just like most here. Im likely leaning towards a multi, but still open to sfh in a portfolio deal.

Thanks all

It does not matter where you start as long as you develop your Core 4. The core 4 is David Greene’s strategy for long-distance and made up of a realtor, contractor, property manager, and lender. Once you have this team in place, you should be able to confidently invest in any market.

As for picking a specific market - I would go after one with an increasing job and population growth. I invest and work in Columbus, Ohio. I am also looking to invest in Cincinnati and Cleveland.