BiggerPockets Real Estate Podcast
Business:Investing
Before you buy your first rental property, you’ll need to choose a real estate market. If you’re like many Americans, your own backyard may not offer what you want out of an investing area. So, where do you go to find cash flow or appreciation? Today, we’re walking you through choosing a real estate investing market, the metrics to look for, signs of growth and decline, and which markets offer investors the biggest benefits.
How hard is it to do market research? If you have access to the internet, you can research a market in a matter of minutes. But knowing WHAT to research is the most crucial part. Dave Meyer, VP of Market Intelligence at BiggerPockets and host of the On the Market podcast, shares his steps to market analysis and how he analyzes each market to ensure it’ll make him the most money in the long run.
We’ll touch on population and migration, supply and demand, vacancy rates, rent-to-price ratios, landlord vs. tenant-friendly states, and the telltale signs that a market will have high or low cash flow. So before you buy your first or next rental property, make sure you do THIS research!
In This Episode We Cover:
How to choose a real estate market in 2024 (market analysis 101)
The market “fundamentals” that show whether an area is worth investing in
Vacancy rates and signs that you’ll have a HARD time finding tenants
The 1% rule and whether or not we’d still use it in 2024
Cash flow vs. appreciation markets and who should NOT be chasing cash flow
Tenant vs. landlord-friendly states and how to quickly tell which is which
And So Much More!
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Books Mentioned in the Show:
Long-Distance Real Estate Investing by David Greene
Start with Strategy by Dave Meyer
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-886
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Special Announcement!
Sneak Peek: Excerpt from “Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple”
327: The “Buy, Rehab, Rent, Refinance, Repeat” Method Made Simple With David Greene
326: Health, (Big) Wealth, and Total Accountability With David Osborn, Pat Hiban, Tim Rhode (and Josh!)
325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui
324: Financially Free in Less Than 5 Years Through Apartment Investing With Michael Blank
323: How to Attract Deals and Earn More Through the Magic of Networking With Travis Chappell
322: 3 Things Every Leader MUST Do to Scale with Ben Kinney
BONUS: Excerpt from “The Book on Negotiating Real Estate”
321: How to Negotiate Real Estate—Expert Deal-Making Tactics with J and Carol Scott and Mark Ferguson
320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason
319: Avoid These Common Newbie Mistakes! Hard-Earned Lessons from Nathan Brooks
318: 100 Units in the First 2 Years (Using Bank Financing!) with Collin Schwartz
317: Building a $300MM Real Estate Empire from Scratch with Multifamily Investor Chad Doty
316: How to Become a Millionaire Through Real Estate by 26 with Graham Stephan
315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene
314: A 3-Step Blueprint for Managing Contractors Like a Boss with Andresa Guidelli
313: How to Be Happy AND Grow a Massive Business with Entrepreneur Jesse Itzler (and Josh!)
312: Conquering Nightmare Rehabs While Working Full-Time with BRRRR Investor James Masotti
311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J Scott
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