Learning Your Own Market: What to look for?

[Daniel Mendez]

Good morning investors,

They say that before investing out of state your first investment properties should come from within your market. 

Thus, knowing your market is very important to be able to know what is a good deal, bad deal or screaming deal.

That being said, what do you guys recommend for a new investor to learn about their own market?

[Account Closed]

@Daniel Mendez

You should be looking for where you can add value to a community instead of taking it. When people line up to buy cheap properties and drive the pricing up they dig themselves in a hole that the new/inexperienced people fall into. You will need to look into the areas that have the potential for rehabs, affordable housing, 5+ unit shopping centers, and community redevelopment programs. These are all things that I have found to make money and change the community, I.E adding value.