Hi All,
I'm a semi new investor looking to do some out-of-state market research! I just secured a HELOC on our family home and frankly I'm itching to get this money working for us but I want to be certain I am investing in the best market.
I constantly hear the same markets come up in podcasts and in conversations such as Indianapolis, Memphis, and Kansas City to name a few. I am strongly convinced these are great cities to invest in but I want to see the numbers and confirm it for myself. I've been told to look at trends such as the City's GDP (Gross Domestic Product), MSA (Metropolitan Statistical Area), and HAI (Housing Affordability Index).
My question is where do you all tend to look for these metrics and are there any other key market indicators that you prefer to take into account?
Any advice is appreciated!
