Researching New Markets

[Drew Steusloff]

Hi Everyone,

As we move towards the end of the year, one of my goals for 2022 is to begin looking for potential properties in new markets. Currently I am based in Atlanta which has seen a dramatic rise in prices in the past year and one of the highest inflation rates in the country of 7.9%! That being said I was hoping the community would be able to give me insight into investing in new markets. Right now my research has been anecdotal, based on word of mouth and simple internet searches for areas with growing populations. Is there a more scientific approach I can take? What data points should be looking at to determine if an area is a good fit. I know the typical of school ratings, population growth, income, and crime, but is is there anything else that will give me a better understanding of a particular market? Also what are some reliable sources for gathering data. Appreciate any input here.

Thanks, 

[Lee Ripma]

@Charles Carillo

I use vestmap.com as my first pass on any property location.