Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

18
Posts
5
Votes
Luis Cortazar
  • Rental Property Investor
  • California
5
Votes |
18
Posts

Do you have a system to quickly analyze a NEW market/area?

Luis Cortazar
  • Rental Property Investor
  • California
Posted

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.

Loading replies...