How to Analyze your Market

[Tavian Stewart]

Question on reply to another user about: What actually makes a market better or worse to try and implement the BRRRR strategy. My Current market is (Wichita Kansas, With a median home price about 180-220k and I have seen rents from $1000-1600 rents per month. Im very new, watched videos on the strategy and have a basic understanding of the steps from David Green. Im Just not quite sure when most other investor i connected with this far are Fixing and Flipping. If my Market is more profitable for another strategy other than the BRRRR. Any Videos or Forums are helpful information as well, Thank you

[Daniel Gutierrez]

Hey Tavian, 

I am here in wichita as well. I have done a few BRRRR's and can tell you the interest rates have sure made the strategy very difficult to cash flow. Wichita is probably one of the better markets for this, but will need to find a very good deal to make this work. If you are looking at your first deal, you might look at a house hack or flipping to get a little more cash to make it cash flow. Happy to answer any questions.

Also my team is hosting an investor class next wednesday over the flipping process. It will be at the Downtown Wichita Library. DM if you want more info.