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Updated 10 months ago, 02/18/2024
Submarket Research Process Help
Rookie investor here; what set data points do you try to find when you're researching a submarket? I want to develop a process, but don't want to waste time with gathering research points that are ineffective. Below is the questionnaire I've come up with, although please feel free to critique it! (note: for trends/growth I'm looking post COVID due to it's impact)
1) What percentage of submarket (SM) rents vs Dallas avg?
2) Rental population trends - is % of renters growing over time?
3) SM Property Value Appreciation Trends
4) SM Pop Growth
5) Safety compared to the rest of Dallas
6) Income - median and avg
7) Rent Cost - median and avg
8) Rent Growth Trends
9) What percentage of population under poverty line
10) What percentage of pop are families
11) What percentage of population are families w kids
12) Avg people in a household
12) historical vacancy rate
13) avg bed/bathroom composition
14) Profession by percentage
15) Commuter population by percentage and commute time
Thanks y'all!