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Updated about 5 years ago,
Understanding What Your Market Is NOT
Hello BP Nation,
I've been educating myself on Real Estate for awhile now and I keep hearing in podcasts phrases that go like this:
"I just know that my neighborhood isn't a flipping neighborhood."
"It's hard to cash flow on a multi-family property in my area."
"You can't find a house purchased with a 'fill in the blank' loan/lender in my area."
"The area I invest in isn't meant for beginners."
I'm just curious, how do people come to these conclusions? Information from other investors? Past experience? Is there a way to research this?
Thanks in advance!
- Stephen