How to choose a real estate market to buy rental properties?

Hey everyone, welcome to the channel.

I'm Clayton Morris, longtime real estate estate investor a big question we get so what makes a solid rental market this is one of the most important pieces you need to have in place before you invest in real estate There are a lot of criteria that can go into

choosing a city to invest in. And in this video I'm going to share 10 major factors to consider

when you're looking at a rental market. The biggest mistakes I see investors make when choosing a place to invest and a whole lot more.

So everyone get out a piece of paper and a pen or a pencil and get ready to take some notes because you're going to learn my best tips for identifying a sustainable and profitable

rental market. But before we do, if you like financial education, becoming a smarter investor,

then please subscribe to the channel. Join the nearly 200,000 of like-minded individuals working to become more financially

intelligent.

So when it comes to choosing a rental market, there are two huge mistakes I commonly see

new investors make. Number one, buying a rental property in their

backyard and number two, choosing a rental market from a list online, like a random list.

This is as good of a strategy is putting on a

blindfold and throwing a dart at a map. Here's why. Investing in your

backyard is usually not a smart strategy unless you live in a few selected cities which are landlord-friendly

and are great investing hotspots. The chances of your hometown being a sustainable rental market

is highly unlikely and referencing a list

that you found online is probably not going to yield the results you want

either. Who put together these lists by the way Typically, any online resource that details information

about housing markets is going to be referencing the hottest markets, which is not exactly

what you want for a long-term investment. Sure, you may be able to collect higher rents in cities like

Miami or New York City, but you're also going to have a lot of other headaches, costs and variables that can

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