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Updated over 5 years ago on . Most recent reply

User Stats

36
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Troy Welch
  • Houston, TX
12
Votes |
36
Posts

How do you know an area is renting?

Troy Welch
  • Houston, TX
Posted

As a new investor living in a big city, I find that I am looking at properties in areas that I am not as familiar with. My first investment is in a city 90 miles away near where I grew up and cash flows very well. Even if I am familiar with the area, I keep asking myself :

How do I know this property will rent? School district could be a good indicator, right? but what if the area seems far from employment?

What are people in this area looking for - 1-1? 2-1? 3-1? 3-2?

I assume one of the first answers will be to find a good realtor? Can a good realtor in my area really answer those questions if they aren't familiar with the area? How would I find a good realtor in the area that I am looking? And forgive my distrust but sometimes,,,sometimes... finding a good realtor can be like finding a good car salesman (no offense to the good realtors out there)

  • Troy Welch
  • Most Popular Reply

    User Stats

    6,603
    Posts
    6,948
    Votes
    Bjorn Ahlblad
    #5 Multi-Family and Apartment Investing Contributor
    • Investor
    • Shelton, WA
    6,948
    Votes |
    6,603
    Posts
    Bjorn Ahlblad
    #5 Multi-Family and Apartment Investing Contributor
    • Investor
    • Shelton, WA
    Replied

    @Troy Welch i generally will look on Zillow or apartments.com you can also do a google search just make sure the listings are fresh. 

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