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Updated over 5 years ago on . Most recent reply

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Heather Carrow
  • Realtor
  • Ocean City, MD
26
Votes |
54
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My biggest barrier is not knowing my market

Heather Carrow
  • Realtor
  • Ocean City, MD
Posted

Hi guys!

I’ve been doing my research and I want to put together a business plan to get things moving, however I am struggling to pick and get to know my market. I want to invest locally through house flipping, but I live in an area in Maryland that borders Delaware and Pennsylvania... there are so many areas nearby to choose from.

How do you guys pick/ get to know your market?

What are some good books/resources to teach me how to do this?

Most Popular Reply

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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
10,047
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7,341
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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorReplied

Pick a few areas, and have your agent set you up to receive listings in each of those areas. One or two will pop up as most desirable. Continue to get listings for those area(s) and once you know what houses are going for, you'll be able to spot a deal. I just found a smoking hot deal in my area, simply because I've seen every house in that neighborhood for the last year.

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