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Updated about 16 hours ago on . Most recent reply
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Buy Box Complete now what?
Really looking forward to guidance for next steps. After discussing with my we have agreed on what we think is the correct buy box for us. Now what I see is the next step would be select the market. This is where I seem to struggle. Totally open to out of state investing. I currently live in Winchester, Va region (BP doesn't have that as an option in the drop down) but open to investing in WV, PA, MD, and Ohio. Reading the books and listening to the podcasts makes it seem easy to identify the market. Looking to learn from experienced investors on how they track each market once identified, along with selecting the primary markets to invest in.
Any and all help is greatly appreciated!!
Most Popular Reply
Hey Scott! Since you already have your buy box in place, you can narrow down your market based on your budget. For example, when I was in the same position, I knew I wanted to buy a duplex, and my budget was around $250k. So, I focused on markets where I could actually find properties within that price range. It helped me avoid wasting time on areas that were too expensive or not a good fit.
I also recommend to look for markets with strong, diverse economies and job growth. I found that cities with expanding industries tend to have a steady demand for rentals and potential for property appreciation down the road. Wishing you the best on your investment journey!
- Min Zhang
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- (614) 412-2912
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