Smart Investors: Is Market Due Diligence Part of Your Analysis?

[Andrew Wydra]

How are smart and seasoned investors doing their market due diligence? Do you use a software program or are you digging various websites and compiling longhand?

There are a ton of software systems and "how-to" resources for analyzing the financials for a real estate investment. But in working with seasoned investors, I've seen them spend huge amounts of time doing market due diligence. I have followed suit and it has really deepened my understanding of an investment's opportunities and risks. Not to mention that all the data I gather in a market analysis I put into a project's financial analysis i.e. projected rents, vacancies, comps, demographics, crime etc. I do this all by digging various websites. I have not found an easy one stop shop that compiles this data for me. Let me know if you have a software program that can compile all the pertinent market info. 

Thanks,

Andrew