Out of State Research Process

[Andre Crabb]

Hey BP!

Quick question maybe some of you could help me out.

I’m trying to better understand the process for investing out of state (or even out of city).

Basically: what is your process for choosing what state, city, or even neighborhood when you don’t know the area?

Is there certain criteria to look for? (Avg home value, avg income, % owner occupied, etc)

Do you find a general area and then wait for properties to pop up?

Everyone has different approaches I’m sure!

Thanks in advance :)

[Jonathan Greene]

This is easy and it's not what everyone else is going to tell you. Why would you want to invest for the first-time in an OOS market where you've never been and where you know nobody. Do this:

1. Make a list of every place you have ever lived or gone to school.

2. Make a list of where your closest family members and friends live (the ones you like).

3. Compare those two lists to markets that you see on trending lists around the country.

4. Start there

This way you have a small competitive advantage in an OOS market (either knowledge or trusted boots)