Analyzing Markets for Investing

[Corey Reese]

Hello! I am new to real estate investing and I am planning to purchase my first property next year. Any tips on analyzing the best markets to focus on?

[Benjamin Seibert]

@Corey Reese set your personal goals for a property first:

-SFH, small multifamily, large multifamily or commercial?

-Price points?

-Target ROI, cash flow, Cap rate, etc...

Once you decide on your personal criteria it becomes easier to apply that criteria to properties in different markets and see which markets have properties that fit them. A good example is as follows: say you want a small multifamily property and want to target properties less than $400K. Places like NYC and LA wont fit due to price point and some places in the southeast wouldn't fit due to lack of small multifamily inventory. The midwest is a good target and places like Cleveland, Cincinnati, etc... have ample inventory to support your criteria.