Out of town investment - metrics for new market research

[Bowen Taylor Payson]

Hello. We’ve been investing in our local market for several years now and are looking to diversify our portfolio. We are starting to research other markets, which feels daunting considering ‘any’ market could be a potential market. We are starting to pull market condition numbers like employment rate change, vacancy rates, income rate change, etc. as the first pass before diving deep into a city to look at specific neighborhood data. Of course we could search on google for “what are the top real estate investment markets in 2020”, but that’s too ubiquitous. So I’m curious what other market metrics you would recommend looking at for high level market opportunity research. Thank you.

[Derek Loda]

I highly recommend utilizing Neal Bawa's Real Estate Trends spreadsheet.  Great way to analyze markets based on key metrics that you should look out for.  He has a video to walk you through how to use it, and it's free! Looks at both a city level, and neighborhood insight.  It takes some time, but worth it as you will be able to narrow it down, or at least should be able to.  Here's the link:  https://multifamilyu.lpages.co...

Hope this helps!