Researching Markets to Invest In Rental Properties

[Kaitlyn Nesbitt]

I'm in the process of selecting the market I'd like to invest in for rentals. I live in Los Angeles, CA and will be investing out of state. What criteria do you look for in a city/market? What resources do you like to pull data and information from to help compare markets? Thank you! 

[Alexandra Lim]

@Kaitlyn Nesbitt

Hi Kaitlyn! I'm also based in LA and looking for out of state opportunities as well as a new investor! 

A really excellent resource I just came across is Neal Bawa - he basically lays out how to use historical public data to determine whether a market is investable or not. (i.e. Population Growth, Median Income Growth, Crime Rates, Median House Value) It's super straightforward and it's been a great high-level benchmark as you start combing through all the details of a particular city. 

He does a ton of podcasts but the free material on his website has a ton of data and I literally just finished his free Udemy course on how to analyze markets. It's like the only course I've found that doesn't end in some sort of sales pitch.  

@Chris Sparrow 

I'm also interested in attending any local REIs if anybody is planning on organizing a meet up for LA investors!