Learn the market first or find the deal

[Nelson Del Castillo]

I'm looking for a distressed multi family homes that I can rehab to build equity and than hold as a rental for cash flow. My question is do I focus on learning a specific market first and than try finding a deal in that market, Or do I focus on finding a deal in a broader area of different markets and than learn the market after I find the deal. What do I prioritize. I'm afraid that if I focus only on one small market I might than not be able to find a deal in that specific market. Any help is appreciated.

[Christopher Brainard]

Originally posted by @Nelson Del Castillo:

I'm looking for a distressed multi family homes that I can rehab to build equity and than hold as a rental for cash flow. My question is do I focus on learning a specific market first and than try finding a deal in that market, Or do I focus on finding a deal in a broader area of different markets and than learn the market after I find the deal. What do I prioritize. I'm afraid that if I focus only on one small market I might than not be able to find a deal in that specific market. Any help is appreciated.

You can't determine if you have a deal, if you don't know the market. Market first. 

-Christopher