How to Decide WHERE to Buy a Rental Property

How to Decide WHERE to Buy a Rental Property

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How do you decide where to buy a rental property? Easy: just use our free real estate market research worksheet. With some key data points, you can EASILY analyze and research real estate markets, helping you pinpoint the best ones for passive income, cash flow, appreciation, and more. But maybe you’ve never bought a rental, or this is your first time looking for investment properties out of state. Worry not; we’re walking through the worksheet step-by-step in this video.

Today, Dave is diving into an investor-favorite market, Huntsville, Alabama. He’s using the real estate market research sheet and COMPLETELY free data sources (linked below!) to see whether or not this is a housing market he would invest in. And now, you can do the same to easily decide where to invest next!

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Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
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Grab the FREE Picking a Market Worksheet:
https://www.biggerpockets.com/resources?utm_source=youtube&utm_medium=description&utm_campaign=none
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Ready to Buy Your First Rental? Pick Up Dave’s Book, “Real Estate by the Numbers”:
https://store.biggerpockets.com/products/real-estate-by-the-numbers?utm_source=youtube&utm_medium=description&utm_campaign=none
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FREE Resources to Find Housing Market Data:
FRED: https://fred.stlouisfed.org/
Niche: https://www.niche.com/
Realtor: https://www.realtor.com/research/
Redfin: https://www.redfin.com/news/data-center/
Zillow: https://www.zillow.com/research/data/
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Hear Dave on The “On The Market” Podcast Wherever You Listen to Podcasts:
https://link.chtbl.com/OTM
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Watch Dave on the “On The Market” YouTube Channel:
https://www.youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA
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Check Out More Episodes of “The Data Show”:
https://youtube.com/playlist?list=PLgSUZKLPRI9vHmKt2TaUkBMBxW_3QHCPh&si=cY6GmWluKUUC2-Ex
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Connect with Dave:
BiggerPockets: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @thedatadeli or https://www.instagram.com/thedatadeli/

FRED® Graphs Federal Reserve Bank of St. Louis. 2024. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. https://fred.stlouisfed.org/

00:00 How to Research Real Estate Markets
00:58 BEFORE You Pick a Market
03:45 1. Market Fundamentals (Pop, Jobs, etc.)
06:58 Employers, Crime, and Schools
08:51 Laws and “X Factors”
10:05 2. Housing Market Conditions
13:35 Easiest Way to Pick a Market!


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