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Updated 8 months ago on . Most recent reply

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Kim Harlow-Williams
  • Investor
  • California
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Residential Real Estate Location Metrics Evaluation Spreadsheet

Kim Harlow-Williams
  • Investor
  • California
Posted

Does anyone have or know of a location to find a spreadsheet with the metrics I should use in evaluations U.S. locations to invest in?  Or what metrics should I put on my spreadsheet to help evaluate whether or not a city or state is a good location to invest in?  Thank you.

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

What you are asking is something that will assure that you stay in analysis paralysis crunching numbers that you don't even know to be true, current, or likely to continue. The first thing you should do if you want to invest out-of-state is to see where you might have a competitive advantage.

Make a list of every place you ever lived and where all of your closest family and friends (the ones you trust) live and then compare metrics on those towns. You either have personal knowledge or boots on the ground so you won't be throwing a dart at a place you know nothing about outside of a spreadsheet.

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