All Forum Posts by: Austin Wolff

 Wonderful, thanks for the feedback!

Location matters. There could be a lot of new builds going up in the outskirts of a city, but existing properties in the city closer to amenities may still be desirable. 

In my opinion, it can be a sign of builder/investor confidence in a given area if they're willing to put up the capital to build new homes in a given area: they believe there will be enough demand to sell their new products.

Hey investors, I'm the new Market Intelligence Analyst here at BiggerPockets, and I'm developing a way to predict the future "path of progress" for a given market. Since I was born and raised in Phoenix, I figured I'd start there. 

Is the map below helpful or useful? 

Here's an interactive version of the map, where you can zoom in and see more information such as population and population per acre: https://www.datawrapper.de/_/jDwi4/

It tracks the change in population density (population/acre) for each neighborhood (census tract) in the Phoenix MSA from 2010-2020. The darker the blue, the higher the change in population density. Clusters of dark blue areas (such as Queen Creek, Buckeye-Goodyear, area between Surprise and Anthem) may indicate the path of progress happened (or is still happening in these areas), and we might be able to assume the path of progress could continue in these directions.

Do you find this kind of information helpful at all? If so, please let me know. If no one finds it helpful, I won't bother with predicting future "paths of progress."

Define underground? You live in one of the best cash-flowing-yet-still-appreciating states in the nation, near two of the some of the best growing economies (Cincinnati and Columbus). All things considered, that's how I'd define "underground." Unless you mean secondary and tertiary markets--I'd consider sub-markets near these two metros in that case. You live in a wonderful area, arguably top 10 when it comes to affordability and growth. Please take advantage of that.

 Out of state may be your best bet, everyone on this thread has suggested great markets. If you'd like to keep your investments in California, Sacramento is starting to look more attractive, especially since the market has seen an increase in tech jobs.

 100% agreed!

This isn't helpful advice for beginners that live in an expensive market and are trying to get started in today's environment. Anyone trying to get started with a market like Los Angeles as their backyard will spin their wheels for years when they could be making an out-of-state investment work.

 This ^

Hi Stephanie! NWA is definitely a top 10 market (bought my first house-hack here). I think a slow-and-steady approach is great, especially as you learn the ins-and-outs of the market. For example, I didn't even think to ask about the "leasing season" in Fayetteville, AR because I'm from Los Angeles--every day is leasing season over there. But during the summer in Fayetteville you can charge more in rent. Little things like this are topics you should be asking about when you having meetings with property managers and other investors. PM me if you ever want to get coffee and chat about NWA real estate!

Oh man. I hope everyone is okay.