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Updated over 4 years ago on . Most recent reply

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47
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Ashley Budyak
  • Barrington, IL
14
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47
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Finding the right location to invest

Ashley Budyak
  • Barrington, IL
Posted

When looking for a market/sub-market to invest, I know that you want cost of living to be > cost to rent. How much greater should it be? And when comparing the two should I just be looking at the average payments per month or other factors as well? What would be an example of a market that would be idea to invest in and one that is less idea (doesn't have to be real, just looking for an example).

Also, if a neighborhood is say 80% home owners and 20% renters is that a red flag on a reason not to invest in that area? 

Most Popular Reply

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3,053
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Corby Goade
  • Investor
  • Boise, ID
3,178
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3,053
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Corby Goade
  • Investor
  • Boise, ID
Replied

I would not get too far in to the weeds. Find a market with numbers that support your goals and make sure it's an area with a growing population and high quality of life, all of the other pieces will fall in to place. 

Best of luck!

  • Corby Goade

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