Keep focused or explore a new market?

[Jamie Yan]

Hi Big Pocketeers,

I've been focused on a single market (several zip codes) and have done quite a bit of research. I do my due diligence and analyze as many properties as possible when they come up in the MLS for over a month now. I've also been disciplined in making sure I stick with my criteria.

I understand the market is red hot right now, so I'm trying to keep my expectations in line. My question is, should I keep up with this focus? Or would it not hurt to venture out to another market? My goal is to acquire my first rental (buy & hold)... hopefully soon!

Appreciate any advice! Thank you.

[Joe Villeneuve]

Yes...most definitely yes.  Analyzing other markets should be the norm...your current market won't be offended.

90% of the REI time spent each day on REI should be spent analyzing new markets, and reanalyzing existing markets. The other 10% should be spent making offers and closing.