Finding Hot Markets around the Country

[Jack Payne]

Hello everyone, my name is Jack Payne and I’m brand new to the real estate investing world! I just graduated from the University of South Carolina in May and I started my first big kid job a month and a half ago. I’ve known for a while now that Ive wanted to get into real estate investing so I’ve been doing a lot of reading, and listening to podcasts to grow my education so that I can be prepared to jump in once I have enough saved. After studying I have begun to realize how essential “location” really is… I know not surprising. That being said I wanted to see how people identify areas close and far from where they are as up and coming areas, or areas that have potential to get big? Is this with Google trends or what?

[Ryan Craig]

Hey @Jack Payne When I am looking to expand into a market there are several things I look for. Firstly is economic growth. Are any large employers moving into the area? Is there already some form of community? IE restaurants, night life, the arts etc. primed for expansion. Lastly, is the city offering any incentives for housing development, corporations moving into the area or revitalization programs for neighborhoods? I've found icic.org and the Bureau for Labor and Statistics to be a good resource for what to look for.  Hope this helps.