How to choose a good area to invest in?

[Shone Freeman]

hi guys, 

 i have been investing for some time, purchasing a property every couple of years.  But near where I live, the market is mostly cost prohibitive and deals do not pencil out.  How have some of you guys chosen your areas to invest in?  How do you find your team on the ground?  Any shared experiences would be a great help...

Shone

[Alisha Chocha]

Hi, Shone,

I wanted to weigh in on this topic. Some markets that are really showing some growth are Charlotte, Orlando, Baltimore, Cincinnati, Jacksonville, Birmingham, Tampa, Indianapolis, Milwaukee, and Nashville. These markets have strong job growth, median prices of investment properties (because as you know California is ridiculously expensive to buy investment properties, especially LA, San Francisco, and Simi Valley), and high gross rental yield. My company actually identified these markets by looking at five economic factors in each localized market, which I encourage you to look at too when trying to identify a market - Construction, Job Growth, Interest Rates, Homeownership rates, and home prices.

Please let me know if you have further questions.