Are you interested in branching out from investing in your local area to doing deals remotely in another city… but you’re not sure which remote city?
Hey Moguls, Chris Chico here, and I get a lot of questions related to this about market evaluation…
So in my lesson today, I want to share with you 2 simple yet specific criteria you should use to evaluate a market, to help you figure out if it’s valid or not…
Meaning, whether you should or shouldn’t invest there.
Investor Buyers
So, one of the first things I look into is how many buyers are in a particular market and how many of them are actively buying properties.
Personally, I like to use ListSource for my searches. But there others search sites you could use, like RealQuest, for example.
So, we search online for these details:
Cris Chico
is a successful real estate investor in Florida who specializes in wholesaling in local and long distance markets. Over the last two years he successfully flipped 116 properties and generated over $1,452,108 in profits. He rarely personally inspects any of the properties that he flips or meets with any buyers or sellers. In fact, most of the markets that he operates are thousands of miles away.