It is important to think like an out of state investor, even if you are investing in your own backyard.
We put a wrap to what we talked about in previous episodes. How to choose a market including job creation, population growth and trends, new building and permits, government planning, affordability and opportunity.
1. Decide on 1 or 2 markets that have the potential that you are looking for.
2. You need to know where the market is trending, meaning the areas people are moving into and out of.
3. Know and understand the good and bad areas of the city.
4. Get to know Real Estate Brokers.
5. Get to know property managers.
6. Work on building the rest of your team.
7. Visit the city.

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John Stiles is a licensed MN real estate agent with Bridge Realty.
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