What better way to learn a concept than a real-life, real-time case study?
Today, we listen in on rookie investor **Jamie Gallagher **as he compares and contrasts two markets. Meanwhile, BiggerPockets' data wiz **David Meyer **is there to walk him (and us) through the numbers.
You'll learn how to use population growth, rent-to-price ratio, rent-to-income ratio, and **historical performance **to weigh the pros and cons of various markets so you can compare apples to apples.
These aren't the only factors to consider, but this episode will give you a solid grasp of the basics and put you way ahead of most investors in your search for a market that makes sense for you and your goals.
Be sure to check out BPInsights, the new Pro member benefit bringing you fresh, local real estate data, at biggerpockets.com/insights) (use the promo code "ROOKIES" for a discount if you're upgrading to Pro!). And you can find more of David's work in** BiggerPockets Wealth magazine** at biggerpockets.com/magazine).
In This Episode We Cover:
The most important data points to consider when choosing a market
What rent-to-price ratio is
What rent-to-income ratio is
How to look at a market's performance throughout economic cycles
How job and population growth affects appreciation
What types of **employers **to look for
Quality of life factors
Links from the Show
Check the full show notes here: http://biggerpockets.com/rookie16
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