Conducting Market research

[Khalipa Oldjohn]

Hello, I am a newbie to real estate investing and am interested in house hacking a duplex in NJ. I am trying to do market research on a couple of cities to invest in and am wondering when doing market research what are some figures/aspects to consider or look into? Any ideas would be helpful. 

Thanks

[Luke Trovinger]

Hey @Khalipa Oldjohn! Comparable sales is one to pay attention to, so that you understand what homes are selling for in the cities you're looking at. If you're renting by the room, check out Facebook Marketplace for "room for rent" listings to get an idea of what rooms rent for in your area. Taxes will also vary in the different cities, so make sure that you take that into account when running your numbers. Hopefully that gives you a starting point, best of luck!