List of good multi-family markets

[Hedi B.]

Hi all,

I just listened to BP podcast episode 227 with Joe Fairless. Joe went from a few SFRs to $130M by the time he was 35 years old.

In the episode, Joe unpacks three indicators that help him find "good" multi-family markets. He explains that some of these data points are easier to get access to than others, and based on some very light research this still seems to be the case. 

I personally love finding and putting together useful datasets, GIS maps, and organizing data that lives in different places, especially when the end product means a more insightful and accessible source of information.

My question to you is: if I can bring together the data for the indicators Joe shares and present it in a digestible format (ex: Excel CSV file), would you be interested in a copy of the dataset? 

Here is a summary of the three indicators Joe uses to qualify multi-family markets and a few details he shares about them in episode 227.

1. Unemployment, including how it's trending and vs. national average.

2. Employment diversity. Joe believes no one employer or industry should make up more than 15-20% of jobs. Based on some preliminary research, this data looks fragmented and lives on different county and/or city labor statistic webpages.

3. Supply and demand. Joe recommends looking at absorption rates based on existing and upcoming inventory. He mentions that you may need access to a platform like CoStar or receive this information from your RE agent or a property management company.

My goal is to get as granular and go as wide as possible, offering the data at the city or metro level, and, if it's not too much of hassle, ideally nationwide.

Let me know your thoughts, if you have any questions, suggestions, or if you know where all this data might already exist - which would spare me and possibly others a lot of data wrangling :)