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Updated over 7 years ago, 06/11/2017
Key Location Qualities For Investing
I am just getting started in the real estate investing world. I bought my first house hack and am saving up for my first investment property. However the market in my local area (Hood River, Oregon) is way overpriced for me so I am looking to invest in other areas. Mainly looking to work on a buy and hold strategy with multi family units for rentals or short term vacation rentals.
My question is, what are some key factors that you look for when choosing a city to invest in?
Population Growth?
Job Opportunities?
Unemployment?
Big Public Projects?
College Towns?
Popular Tourist Areas?
Anything else I should be looking out for?
Any help is much appreciated.
Thanks,
Nick