Picking a Cashflow Market

[Nicholas Jacob]

Hi all, first time posting here. 

How do you go about choosing a market to invest in? What stats/pieces of information to you research to determine whether of not you want to invest in a specific city. I'm wanting to buy in a cashflow market. Any tips? Maybe a specific BP episode to listen to? TIA

Nick

[Ruchit Patel]

Hello Nicholas,

That's a good question. I can answer that in two ways, one long and one short.

Long answer: First, you would need to understand all the parameters that affect real estate pricing, historic patterns, micro and macro economics, federal policies, and more. Then once you realize what is considered good for real estate, then you explore the entire country to see where those parameters are happening, and then you look for good deals. It can take months if not years. 

Short answer: You, simply, find people who have done this 100s of times and pick their brains :)) such as @Zach Lemaster and his company. That's how I learned, btw. 

What would you prefer?

--Ruchit