real estate research

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! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question Dave's BiggerPockets Profile Dave's Instagram David's BiggerPockets Profile David's Instagram Henry's BiggerPockets Profile Henry's Instagram Grab the “Picking a Market Worksheet” Catch Dave and Henry on the “On the Market” Podcast Census Reporter ChatGPT FRED 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week on Ask Rob & Rob we’re talking about buy-to-let mortgages with no income and whether Cardiff is a good investment hotspot. 

So, our first question this week is from Michelle. 

Michelle and her partner now have the money to invest in property and they think that now or January 2021 is the perfect time to purchase their first buy-to-let property.

They’re not currently married and at the moment Michelle is a stay at home mum, but she does have a professional background. 

She doesn’t have a mortgage in her name, so therefore thinks it makes sense to put the investment property in her name to avoid stamp duty costs. Her partner is also a 40% tax payer so it also makes sense for the rental income to come through Michelle. 

But what Michelle now wants to know is, how can she get a mortgage without an income? Is it even possible?

The second question this week has come in from Alex. He currently lives and invests in Cardiff as he believes it has all the fundamentals. 

Alex has noticed that Rob & Rob have never touched on Cardiff, or any city in Wales for that matter, on any of the podcasts. 

So he’s now wondering if that’s because The Robs don’t see Wales as a good investment location, or just because there are better opportunities in other cities. 

Do Rob & Rob just not like Wales? Or is there a reason they’ve never chosen a Welsh city as one of their property hotspots?

Tune in to find out.

 

Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply). 

 

Or if you prefer, click here to leave a recording via your computer instead.

The next question on Ask Rob & Rob could be yours. 

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.

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It's time for another couple of questions in this week’s edition of ‘Ask Rob & Rob’, Maria & Sam ask Rob & Rob...How do you find the right property in an area you don't know? PLUS: Where should I stash my deposit cash?... ASK YOUR OWN QUESTION TO ROB & ROB!

Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.

Just pick up the phone and call 013 808 00035 (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

See omnystudio.com/listener for privacy information.

It's time for another couple of questions in this week's edition of 'Ask Rob & Rob', Russell...

...asks Rob & Rob...Can I trust my mortgage broker? PLUS: How do I find an absent owner?

ASK YOUR OWN QUESTION TO ROB & ROB!

Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.

Just pick up the phone and call 013 808 00035 (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

NEED MORE ANSWERS?

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Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.

Just don't hang around - there are only four Summits each year, and just 8 places available at each!

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