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Updated about 9 years ago on . Most recent reply

User Stats

25
Posts
5
Votes
Kyle Patrick
  • Investor
  • Washington, DC
5
Votes |
25
Posts

Identifying Positive Trends When Buying Non Local

Kyle Patrick
  • Investor
  • Washington, DC
Posted

For Investors who have invested in a cities outside their own.....

1. What trends did you look for during your research that proved to be positive, making the city in question a great place to invest?

2. Did time prove you right? Anything you wished you would of thought of before investing?

Most Popular Reply

Account Closed
  • Lender
  • Dallas, TX
128
Votes |
283
Posts
Account Closed
  • Lender
  • Dallas, TX
Replied

The key for us is positive population growth. Markets with slow stagnate or declining populations mean that you need much more local knowledge to know which areas is strong and which areas are soft (niche investing). In markets with strong population growth, ie high absorption rates, you have much better chances of not making a market placement mistake as well as having the potential for good rate growth. 

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