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All Forum Posts by: Devin Conley

Devin Conley has started 1 posts and replied 22 times.

Post: Newbie - Analysis Tools - No/Low Cost

Devin Conley
Posted
  • San Diego
  • Posts 23
  • Votes 11

Hey @Monica Gonzalez -- all great questions. Are there any specific cities you are considering? Happy to put together a market comparison report for you.

Post: How to choose a location from the US?

Devin Conley
Posted
  • San Diego
  • Posts 23
  • Votes 11

Hey Mike, good discussion and good that you have some clear expectations going in.

As others have mentioned, since you'll be living there, it can be better to start with a subset of cities that you'll genuinely enjoy living in, then work backwards into data and metrics from there.

For the cities you mentioned, here's a visualization of current rent-to-price ratios. I can share a full report with a lot more metrics too if useful.

Post: What are the best resources for identifying market metrics, data, and trends?

Devin Conley
Posted
  • San Diego
  • Posts 23
  • Votes 11

Hey @Kyle Thomas -- sure thing!

Here's a couple quick screenshots, I'll drop you a message to share a full report.

Post: What are the best resources for identifying market metrics, data, and trends?

Devin Conley
Posted
  • San Diego
  • Posts 23
  • Votes 11

Hey @Kyle Thomas -- I am actually working a new project related to exactly those questions. Do you have any specific markets you are considering? Happy to provide some sample reports and comparisons.

Post: Australian investor looking at entering US residential market

Devin Conley
Posted
  • San Diego
  • Posts 23
  • Votes 11

Hey @Mohit Khanna here are a couple charts comparing the major cities in Texas (top 100 by size). Gives a sense for recent trends in typical property values and rent-to-price ratios over the past decade

Post: How is the philadelphia real estate market?

Devin Conley
Posted
  • San Diego
  • Posts 23
  • Votes 11

Hey @Graham Huber here's a couple charts on Philadelphia compared to other nearby major cities. This highlights recent trends in home value and rent-to-price ratio over the past decade

Post: Raleigh/Durham and The Triangle!

Devin Conley
Posted
  • San Diego
  • Posts 23
  • Votes 11

Interesting metrics @Katie Rother !

Here's a couple charts on home value and rent-to-price ratio trends in Raleigh/Durham and surrounding areas 

(@V.G Jasonto your point on RTP)

Post: Young guy (25) looking to relocate to a market where I can start investing

Devin Conley
Posted
  • San Diego
  • Posts 23
  • Votes 11
Quote from @Jonathan Greene:

This statement - "Open to any state as long as I can make money and grow" - means you are too open to other's opinions and not focused enough on where you want to be. You should never move to an area you have never been to just because you think it will be a good investment. Look at someone in the forums selling you on Cincinnati, that's not what you want. You want investors who can help you and telling you where to invest when you are allegedly open to the whole country is impossible.

Make a list of places you have a competitive advantage (where you've lived, where your friends and family live, and places you have been that you loved) and then use a list from Dave Meyer or someone else who crunches the data and see where there is overlap.


 +1

I'm a big advocate of starting with a list of cities that you genuinely enjoy and want to live in. Then move on to data analysis to down select and stack rank from there.

Post: Best Markets To Invest

Devin Conley
Posted
  • San Diego
  • Posts 23
  • Votes 11

Hey @Josue Ramos here are a couple relevant charts on the areas you mentioned. The rent-to-price chart gives an interesting view on the rental markets over time.

Post: What market is the best right now?

Devin Conley
Posted
  • San Diego
  • Posts 23
  • Votes 11
Quote from @J Leman:

50,000 Purchase price... I will speak for market I know well. Danville, Illinois. I have helped a lot of out of state investors purchase properties for 50,000 here that rent for $800 to $850

Good property management as well we can get you hooked up with. Property management is KEY in Cash flow markets like Danville.


 and here's a couple with danville (I omitted in the above because it threw off scaling)