Episode #452
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Episode Show Notes: https://link.chtbl.com/Rookie
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Real Estate Rookie – Episode 429: The Investing “Map” You NEED to Uncover Hot Markets, Neighborhoods, and Deals:
https://www.biggerpockets.com/blog/rookie-429?utm_source=youtube&utm_medium=description&utm_campaign=none
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Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
Choosing where to invest can be overwhelming. With thousands of real estate markets and endless data to wade through, it’s no wonder that so many rookies trip up on this step before they ever get started. Well, we’ve got a brand-new tool that’s about to make your job a whole lot easier!
Welcome back to the “Real Estate Rookie” podcast! Dave Meyer, Head of Real Estate Investing at BiggerPockets, has developed a market research tool to help more investors find their market. And today, we’re putting it to the test! Join Ashley, Tony, and Dave as they walk you through the process of choosing an investing strategy, building a buy box, and picking a market that aligns with your long-term investing goals. As they dive into the data, you’ll find out where each of them might invest if they were starting over today!
But that’s not all. In this episode, you’ll also learn how using ChatGPT can accelerate real estate market analysis and why it’s so important to niche down to zip codes. Finally, you’ll learn to avoid overanalyzing a market by sticking to a few data points that fit your investing needs!
00:00 Intro
05:35 Why Is Market Research Important?
08:36 Where Tony Would Invest
13:38 Niching Down to Neighborhoods
18:18 Where Ashley Would Invest
24:39 Choosing Data Points
26:57 Where Dave Would Invest
30:21 Go Find Your Next Market!
