First time multifamily property purchase

[Michael Blackburn]

Hey everyone, 

This is my first post on Bigger Pockets and looking for some advice on purchasing my first rental property. Currently, I'm reading a few Bigger Pockets books and looking to expand my knowledge. Further I'm looking to purchase a multi family property and not sure if my home town in Northern California is right or not. What do you think everyone?

Mike 

[Grant Thompson]

Hello Mike,

In order to determine if your home town is the right place to invest, I would recommend first defining your investment goals and criteria. Next, analyze a bunch of deals in your target areas to see if the numbers meet your criteria. This is the sniff check we run in order to determine whether markets are a good fit for investment.