Real Estate Agent · Ventura County · Member since 2018 · 1 post · 0 votes
Hey Guys,
I am a full-time REALTOR in Southern California and I want to start investing out of state, I've made my mind up and I am on the very early stages of this journey, I have been trying to do some research in markets around the country that could have a good potential for investing but It's overwhelming the amount of information out there taking how big this the US is, so I was wondering:
What are some ideas/suggestions on starting the research process? What are the key things I should look for in a market?
My goal is to identify a few markets and create relationships with local agents that can facilitate the deals for me. I want to buy and flip, but I would consider rental as well.
Why reinvent the wheel? Research turnkey providers and read through their market area packets. You can have detailed analysis on more markets than you could thoroughly research in a year in a few minutes. Find one in your area and you could probably have someone read the information to you over light refreshments!
@Lucy Oliveira Researching markets is quite simple - look for population and job growth and a diverse economy. Finding good neighborhoods to invest in is much more difficult. Best way I found is to find an agent that you trust that also understands investments. It also helps to have some data to double check everything. Things like income, ownership rate, crime, etc. I hope this helps!