402: Identifying Your Best Market, Neighborhood, and Property in 8 Steps with Brandon and David 01:22:30

    <p>When it comes to pulling the trigger on a rental property, what we have is a "<strong>paradox of choice.</strong>" So. Many. Options. It's easy to suffer from Fear of Missing Out, and it's even easier to get overwhelmed by the vast array of options out there.</p><p>That's where <strong>today's show </strong>comes in: press play, and <strong>Brandon</strong> and <strong>David</strong> will guide you through an <strong>8-step process </strong>to closing on that first (or next) rental property.</p><p>Along the way, they share the <strong>tools</strong> (<a href="https://www.biggerpockets.com/insights/"><strong>BP Insights</strong></a>) and <strong>team members</strong> ("<strong>Core Four" </strong>and more!) they use to guide decisions about where and how to deploy their capital.</p><p>Your action steps start with<strong> clarifying your goals, </strong>then we move to comparing markets and sizing up different neighborhoods using <strong>school district ratings and crime data.</strong></p><p>Next, we tackling <strong>finding a deal</strong> – whether you're using an <strong>agent,</strong> a <strong>wholesaler</strong>, <strong>turnkey provider</strong>, or going <strong>off-market</strong> yourself... and how to avoid getting into trouble by "trusting your gut and hoping" when you're in an unfamiliar territory.</p><p>If you invest out of state, should you fly out? What about <strong>systems and standard operating procedures </strong>once you've got a tenant in the property? We answer all those questions, and more.</p><p>Finally: We mention it a few times in this episode, and if you want to take advantage of our awesome new Pro benefit, <strong>BPInsights</strong>, use the <a href="http://biggerpockets.com/pro"><strong>discount code BPDATA</strong></a> for 20% of a Pro Annual membership.</p><p>You'll get access to exclusive BPInsights Facebook group, a bonus webinar showing you how to use this platform to identify a market, and a bunch of other great Pro benefits including <strong>unlimited calculator use</strong>. Oh, and be sure to use that discount code before it expires on October 1st, 2020!</p><p>In This Episode We Cover:</p><ul>

Links from the Show

• BiggerPockets Forums
• BiggerPockets Bookstore
• BiggerPockets Pro discount code: bpdata
• BiggerPockets Insights
• Meet Property Management Extraordinaire, RE Investor & Hotel Owner Jesse McCue
• BiggerPockets Marketplace
• Realtor
• Zillow
• Trulia
• 5 Markets With Promising Rent-to-Income Ratios: September 2020 Markets of the Month
• BiggerPockets Events
• BiggerPockets Bookstore

Check the full show notes here: http://biggerpockets.com/show402

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