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Updated over 5 years ago on . Most recent reply

User Stats

6
Posts
5
Votes
Matthew Welk
  • Seattle, WA
5
Votes |
6
Posts

Online tools to analyze a location?

Matthew Welk
  • Seattle, WA
Posted

I am in the process of choosing my first real estate investment location. I am interested in the BRRRR strategy. I know the data points that I want to gather, but I am having a hard time finding the actual data. I've been looking on sites such as city-data.com and bls.gov, but the amount of data that they have is overwhelming. A lot of the data on city-data.com seemed to be rather old (2016). Some metrics (e.g. employment growth rate), I have easily found that metric for recent months, but have struggled to find that same metric as an average over multiple years.

I assume experienced investors have specific sites and spreadsheets bookmarked so that they can easily gather all the data they need when they are evaluating a new location. I'd love to hear what online tools you all use in order to analyze a new location. Below are the specific data points that I am interested in.

- Employment growth rate
- Population growth rate
- Home appreciate rate
- Vacancy rate
- Foreclosures

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