How to Pick Your Perfect Market: Cleveland vs. Columbus Case Study | Rookie Podcast 16
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- Опубліковано 16 чер 2020
- What better way to learn a concept than a real-life, real-time case study?
Today, we listen in on rookie investor Jamie Gallagher as he compares and contrasts two markets. Meanwhile, BiggerPockets' data wiz David Meyer is there to walk him (and us) through the numbers.
You'll learn how to use population growth, rent-to-price ratio, rent-to-income ratio, and historical performance to weigh the pros and cons of various markets so you can compare apples to apples.
These aren't the only factors to consider, but this episode will give you a solid grasp of the basics and put you way ahead of most investors in your search for a market that makes sense for you and your goals.
Be sure to check out BPInsights, the new Pro member benefit bringing you fresh, local real estate data, at biggerpockets.com/insights (use the promo code "ROOKIES" for a discount if you're upgrading to Pro!). And you can find more of David's work in BiggerPockets Wealth magazine at biggerpockets.com/magazine.
Connect with Dave:
Dave's BiggerPockets Profile - www.biggerpockets.com/users/d...
Connect with Jamie:
Jamie's LinkedIn Profile - / jamesmgallagher
Jamie's Instagram - / jmg_commercialrealestate
Check the full show notes: biggerpockets.com/rookie16
The coupon is not working 😔😔
This is my favorite video so far! Thank you for this information. I might be bias because I’m in Columbus, but we just bought our first sfh. Still working on learning everything we can, better defining our strategy, and looking for our second rental property. Good luck Jamie! 😊
Great video. I would suggest investing in the market you be in when you are getting started. Regardless on your market
Nice Video. :)
Thanks for the share
Cheers
Jannis -Grow your Wealth!-
@Delphine Furnia Nice bot!
This one was a very good one. I take allot of notes specially on Cleveland. Thank you!
Definitely a good advice thx alot!
step 1 is finding an agent who will make an offer for you at your number , not 5% off retail list price.., to get an on-market property locked up..until then your just thinking about an imaginary property..... you got to get a deal locked up... (buying from wholesaler off market is different mechanics and risk though)
another great show guys - i liked it
What are some a good resources to check population growth. USA.com/rank seems like its outdated which only gives data till 2014
I invest in a country other than that where I live, too! Rock on, Dave!
very nicely done ..
Sounds like all three of you would like the Bismarck/Mandan, ND Real Estate Market(s)...Place people want to live, outdoor activities, etc. 👍🏻
The taxes in Cleveland are abnormally, astoundingly high. A house worth $260K will pay $9,000 in annual property taxes, according to Zillow. A B-class house (3 beds, 2 baths) that should make a better rental, at a price point of $150K, will rent for around $1,000 and pay $2,400 in annual taxes -- or $200 every month from your cash flow. Tread lightly, people.
Case Shiller Index . Just in case anyone was curious
nice video bro
im from DC, took DC w-2 money and bought in three upcoming markets, Raleigh NC, Jacksonville Fl, Austin for close to 1%ers.....so whats stoping ya, did you make 1 to 5 offers today, sight unseen to lock them up for due diligence inspection? dont wait for agent to pull your trigger...strike... zillow is your friend .....(if you buy from off market from wholesaler, this is totally different mechanics, and process though..)
❤️ I’m a newbie and I get excited learning
Dallisrogers3@gmail.com
Felipe the deal Crack