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Updated over 5 years ago,
Factors to consider in deciding on market? Church, parks, etc?
Hi all,
I'm compiling a spreadsheet to help compare different potential out-of-state markets to buy and hold.
Some hard and soft criteria include (1) job growth; (2) Population; (3) Diversity of Industry; (4) Housing Price Projections; (5) Landlord friendliness; (6) Real vacancy rates; (7) unemployment rate; (8) demographics (should target 18-64, am I right?) ; (8) population growth in target demographic; (9) foreclosure rates; (10) weather (the more extreme, the more costly maintenance will be- am I right?); (11) unemployment rate; (12) rent to buy ratio; (13) property taxes.
I'd appreciate any suggestions regarding what I should Include.
Particularly, are there any offbeat factors y'all consider? Like more example, has anyone noticed if average church attendance in a given city or number of parks or something else that's usually not factored in correlates with quality of tenants?
Thanks!