How do you analyze a new real estate investing market to tell if it's a good market to invest in

or a not so good market to invest in? And even within that market, which areas are the better

places than invest and which ones aren't? That's the question for today's episode of Ask Coach.

We're getting started right now.

Welcome. Now. Welcome to the Ask Coach edition of the Real Estate and Financial Independence podcast. My name is Chad Carson. You can call me Coach Carson. I'm your host for the show,

and I really appreciate you being here today. The question for today's episode is about analyzing

your target market as a real estate investor. This is, of course, is one of the most important

concepts in real estate. If you've ever heard that old mantra, location, location, location,

there's definitely some truth to that that before you get into anything else, understanding

and making sure you have a good market to invest in is really important. I compare it to, like if you get into anything else, understanding and making sure you have a good market

to invest in is really important. I compare it to, like if you're going to go farm and try to plant

seeds to grow crops or to grow like trees, fruit trees or something, you would want to make sure

the soil and the climate is really a really good place to do that first. That's kind of like

what we're talking about here. So it's an important question. And I'm going to recommend a resource that you can go into more

depth on this question if you like. And I'm also going to unpack that and give you sort of

a higher level overview of that in today's episode. The resource is I actually did an episode

number 41 of the podcast. I talked about how to choose your ideal location for real estate investments.

And it's a very in-depth episode. There's also a companion article, the same name that I'm

going to link to in the show description. So if you want to go into a lot of depth on my process

that I use, I would definitely go there. You can get more than like the five to 10 minute answer, but also want to give you sort of a rough overview of how I approach this subject. And I look at it from a couple different angles. This is when you're tackling this problem. Number one, you want to look at it from the big picture perspective of your market and you want to zoom in down to like the nitty-gritty kind of neighborhood by neighborhood level. So it's almost like you're looking at Google Maps and you've got the zoomed-out view of your market to tell this good or bad and you have the zoomed-in view, figuring out which neighborhoods you are really the best ones to invest in. That's one way to break the problem down. The other way you can look at it is both like kind of from a qualitative standpoint and a quantitative.

Qualitative meaning it's a little bit harder to define. It's getting into a market and understanding

whether it's a good place to live, what it's like, kind of the emotional appeal of certain things.

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