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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270: Turning Your Primary Residence Into 40 Units & Financial Independence with Amy Arata
269: How the New Tax Code Affects Your Real Estate Investments with Amanda Han and Brandon Hall
268: Acquiring 20 Long-Distance Rental Homes (on a Military Salary!) with Rich Carey
267: From Professional Soccer Player to Rental Property Investor with Nat Borchers
266: How We Used a Partnership to Buy 900 Units with Jake and Gino
265: Kidnapped by Russian Mobsters and How to Manage 13,000 Rental Units with Andrew Propst
264: Gary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an Entrepreneur
263: College Dropout to Owning 900+ Units with Bruce Petersen
262: $600,000 in Gross Rents from Mobile Home Parks with Jefferson Lilly
261: 16 Tips for Selling Properties Faster and for More Money with Mindy Jensen
260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss
259: Old-School Investing Wisdom from 60+ Years with Mike Anderson
258: Six-Figure House Flipping with Gabe DaSilva
257: But My Market is Too Expensive!” (How to Become a Long-Distance Real Estate Investor) with David Greene
256: The Surprising (Scientific) Truth Behind What Makes You Successful with Eric Barker
255: Six-Figure Real Estate Investing in Just 20 Hours a Week with Elliot Smith
254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors
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