Investing In a New Market

[Trevor Scheumann]

I finished my first BRRRR/House Hack in Charlotte, NC. I intend to do some off market searching in the Charlotte area, but have also considered looking into secondary or tertiary markets. I will do my homework on long distance REI (even tho the markets are 1-2 hours away), but have a couple questions

- What are some of your key metrics/signs you use when identifying a new market? And where are you finding this info to analyze?

- If you personally visit a new market, what exactly are you looking for during that visit other than touring some properties?

Any other recommendations? Would also love to hear your experiences or markets you like outside of Charlotte and why. Thanks!

[Tony Savage]

Hey Trevor,

I took a trip down south this summer, Memphis, Chattanooga & Nashville.  I met with fellow investors & agents in these markets.  My partners & I are flipping in Chattanooga so I hung out there for a couple of days, meeting my contractor and agent for the first time; of course I went by and took at our flip.  Two of the investors that I met with in Chattanooga and Nashville, I connected with them on BP.  

Good luck on your real estate journey, it's a fun ride!