I start with researching the areas (no bad areas), migration patterns, and whether there’s more renters or owners in the area and what else is around me such as amenities/schools.I’ve started buying a little farther away from my target market by following the “path of progression”, county or city growth.

This would also allow me to “double dip” the growth of the brokerage account since it has exposure to the current index funds and the 4-plex.

I understand driving neighborhoods to get a feel for the area but I want to know about population growth trends, economic stats, safety, etc to better inform our market selection.Much thanks and God bless,Chris

Both areas have great potential for future growth.

This property is in Rockville (and dont count on the same rent growth, Frederick is lower).

With a major hospital downtown and 30+ colleges in the surrounding cities, the growth has been insane for those that have been in this market for the past few years. 

The Raleigh triangle area is very hot and prices have rapidly rose, I don’t think rents have caught up there yet.Columbus and Indianapolis on the other hand are more affordable and have a lot of room for rapid growth which is why they’ve been so hot over the past 24 months.

The most important factors to consider are:* Population growth* Job growth* Modern/diverse economies*Capital investment*Business friendly climate* Landlord friendly statutes

Benefits include current income through a preferred return ($100-140k ish per year with that amount), high chance of passive loss, capital growth, plus completely passive.I know of one group selling a fund at 1.64x equity multiple to investors in just 2 years with cash flow along the way.

Just pointing out that from my perspective he is asking how to structure what is essentially a partnership, and you were advising on paying a contractor to complete a task.