If youâre unsure about your market, start by focusing on the other pieces of your CCC:
- What strategy are you interested in?
- What asset class are you targeting?
- How much capital do you have to work with?
Once you define those pieces, you can begin identifying markets that align. For example, if you want to do mid-term rentals for traveling professionals and are working with a modest budget, you might look for a landlord-friendly state with strong demand, a good supply of 2â4 unit multifamily properties, low crime, and prices under $80K/unit.
We recommend using tools like ChatGPT to research markets by prompting it with your specific criteria.
From there, research a few properties in those markets, check the MLS, and verify trends like population growth. Donât get stuck over-analyzing â pick a market that checks your top boxes and move forward with confidence.
If youâre still struggling with your CCC, connect on Facebook by posting your question(s) for feedback from advisors. For more personalized support, book a 1-on-1 advisor call.