Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

14
Posts
2
Votes
John Chung
Pro Member
  • Los Angeles, CA
2
Votes |
14
Posts

How to analyze housing market before you buy (rental/flip/etc)???

John Chung
Pro Member
  • Los Angeles, CA
Posted

Hi all, I want to buy a property using the BRRRR method...out of state. (I want to buy and hold) I cannot afford to buy in my overpriced state...

How do you analyze a market to see if it will be a good place to buy? (up and coming markets that i can find a good deal or even in a hot market)

1) Is there a site i can go to that shows things like Job, population, business growth/projections.  Places that are high rental areas.

2) Are there sites that shows if area is high/low crime rates.  Good school areas etc...

3) Rental information (what is average rental rates for that area based on metrics i plug in like dollars per square foot, etc...)

4) Should i be contacting a RE agent? Wholesaler? or maybe a turnkey company (although it might be too expensive going down that path)

Sorry for the many questions...but so much to consider...and I don't want to be stuck in analysis paralysis!!!  Just looking for a logical 1,2,3 step method to start my first purchase.

Your help would be much appreciated!!!

  • John Chung
  • Loading replies...