Top 3 questions you want answered on a potential market.

Real Estate Agent · Kitchener-Waterloo-Cambridge, Ontario · Member since 2013 · 408 posts · 90 votes

Hey BP community I have been asking around at some investor meetings trying to find a pattern in the initial thought process when choosing a market,I have obtained some great info here in Ontario Canada. I would like to gather some more data and see what it is like from coast to coast.

I like to ask what the top 3 questions they would like answered about a market before choosing to invest there, I have begun to see a pattern and would like to pose the same question here.

So please let me know what you think!

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Gary McGowan

Investor · Stouffville, Ontario · Member since 2011 · 213 posts · 65 votes

10y

I came up with three question a few years ago when I was buying a lot of my properties. You can expand on each one.

1. How are you going to buy this property?

2. How can you add value to this property?

3. How can you sell this property?

My clients love these questions, they are easy to remember. The last one is the most important as it deals with location. Hope this helps.

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Gary McGowan
Investor · Stouffville, Ontario · Member since 2011 · 213 posts · 65 votes
10y
I came up with three question a few years ago when I was buying a lot of my properties. You can expand on each one.
1. How are you going to buy this property?
2. How can you add value to this property?
3. How can you sell this property?
My clients love these questions, they are easy to remember. The last one is the most important as it deals with location. Hope this helps.
1 Reply
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
10y
depends on what type of investing you want to do...
if its Vanilla anyone can do it buy and hold SFR's
1. Jobs
2. tenant friendly or not
3. PM quality good quality bad
If your looking to flip retail
1. Jobs
2. Days on market
3. Can I get a bullet proof contractor
If your looking to develop housing
1. Jobs
2. how tough is the jurisdiction on permiting and platting
3. Can I get quality GC and Subs/ Days on Market
Commerical
1. Jobs
2. vacancy rates
3. future does it look bright or are you at the top
MHP
1. Jobs
2. quality of park and tenants
3. rent control
So on and so forth
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Samuel Sedore
OP
Real Estate Agent · Kitchener-Waterloo-Cambridge, Ontario · Member since 2013 · 408 posts · 90 votes
10y
Originally posted by @Jay Hinrichs:

depends on what type of investing you want to do...
if its Vanilla anyone can do it buy and hold SFR's
1. Jobs
2. tenant friendly or not
3. PM quality good quality bad
If your looking to flip retail
1. Jobs
2. Days on market
3. Can I get a bullet proof contractor
If your looking to develop housing
1. Jobs
2. how tough is the jurisdiction on permiting and platting
3. Can I get quality GC and Subs/ Days on Market
Commerical
1. Jobs
2. vacancy rates
3. future does it look bright or are you at the top
MHP
1. Jobs
2. quality of park and tenants
3. rent control
So on and so forth
Hey Jay would you say that your commercial question would double as Multi family questions?
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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
10y
Multi is jobs , class of property,, competition for tenant base, and the all important PM at least in my mind.. I am not a rental guy but I have sold a bunch of apartments and that's what my buyers look for... I look for value add and the big hits for my personal investing.
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JLH Capital Partners51 Review
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