What’s More Important: The Market vs. A Good Deal?

[Clarence Bell]

Hey BP Community!

I want to hold a valid discussion; “What is more important choosing a market with high potential or just finding a good deal?

There’s a lot of research that goes into identifying a market with potential: I.e. population growth, unemployment, job growth, average home sale prices, average rent, sales forecast and etc. Opposite of that (for the purpose of this discussion) you can come across investment opportunities in varying markets. You do your due diligence on the property and so forth.

I know there are many other factors to take into account (I.e. goals, strategy and etc.) when making these critical decisions.

So I pose this question to the BP community: Are you focused on the market or are you focused on just finding a good deal? Please provide an explanation for your response.

Thanks in advance!

Best,

Clarence