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Updated over 8 years ago,

Account Closed
  • Sunnyvale, CA
21
Votes |
71
Posts

Out-of-area analysis to pick my investment city

Account Closed
  • Sunnyvale, CA
Posted

Hey Bigger Pockets,

I am looking to start investing and due to high prices in the SF/SJ area, I'm looking to invest elsewhere.  I'm trying to be methodical about this, so I've developed a score for cities based on different metrics.  I'm trying to find a good area for buy-and-hold rentals with a bonus potential for appreciation.  Toward that end, I'm hoping to identify strong economic growth and strong rental markets.  Here's what I'm looking at:

  • High Population Growth
  • Low Unemployment
  • High Median Income Growth
  • Low Vacancy
  • High Percentage Renters
  • High Rent/Price ratio
  • High % of renters paying < 1/3 income on housing (affordability)
  • High 1 year job growth
  • Low state property tax
  • Low median house price

What I'm looking for is any thoughts you all might have on other important metrics I may have missed or if you think I'm looking at the wrong information.  FWIW, I'm getting high scores for areas in Texas and Oklahoma.  Thanks!

Christopher

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