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Updated over 5 years ago,
Do you have a system to quickly analyze a NEW market/area?
First of all, thank you for coming into this discussion! Secondly, I will keep it nice and short. I am looking to buy and rehab an out of state rental. I am looking into the mid west and I am having a hard time deciding what state I should invest in. The reason I am having a hard time is because I really don't enjoy doing research on states. My strength are negotiating, numbers, and rehabs. Yet, since one can't be blindly going into a new market, I have been doing my research. My major focus is Wisconsin, primarily because a friendly investor that currently owns rental there has suggested I look there to.
My question is, what strategies do you guys have in place to efficiently analyze a new state/area/market?
P.S: I have read David Greene's book on LDREI, I am looking to see if any of you have a system in place or kind of step by step guide that you follow in order to not waste to much time in deciding.