Tips on researching investment Properties
- Finding the Target City
- Price Range
- Population
- Economic Growth
- Other Considerations:
- Vacation town (can manage occasionally)
- Already own in a city you like
- Lived there before (know neighborhood)
- May Retire there
- Kid’s college
- Job may transfer you there
- Colleges, Hospitals, Jobs
- Businesses (Research Triangle or Toyota Plant example)
- Past, Present and Projected Growth (research) Steady Growth!!
- State and Local taxes
- Housing Trends (sitting on market, home prices, volume, etc.)
- You will see trends during your research
- Finding the Target Neighborhood
- Property Managers (great tool and possibly the best tool)
- Realtors
- Can search by zip code
- Amenities: Schools, Golf, Malls, Jobs, Hospitals, Community Centers, etc.
- Finding the Target Home
- SFR, Condo, Duplex, Multi Unit
- Garage, Fenced Yard, Low Maintenance,
- Rents in target area (Realtor.com, Craigslist.org if avail, etc)
- Price to Rent Ratio (Realtor.com vs. Realtor.com and Zillow.com)
- This can also help you find the target city
- You May Have to Repeat Process
- To find the neighborhood.
- To find the right price.
- Or even the right city.
- Research Locations:
- National Association of Realtors (Realtor.org)
- Great Place for Rational Real Estate Statistics and Trends
- Search for Home Appreciation and Growth Projections
- Can order Historical Data
- Realtor.com
- Home search
- Rents search
- US Census (Census.gov)
- Economic Data
- City-Data.com
- Can identify individual city statistics
- MoneyCNN.com (Real Estate)
- National Real Estate News
- Best Places to Live
- Good Place to Begin
- Forbes
- Best Places for Business and Careers
- Search Categories (Income, Crime Rate, Business Costs, Job Growth, Education, Living Costs)
- Google.com
- Real Estate news is everywhere
- Top Ten Real Estate Investment Markets
- Find the Trends
