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Cash Flow Friday Tip #5: The Top 3 critical market indicators to help you identify high demand areas to invest in
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:05:28
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Synopsis
This week's Cash Flow Friday tip is the top 3 critical market indicators to help you identify high demand or "soon to be high demand" areas to invest. The question is, how do you find out whether the property you’re considering is located in a high demand area and whether the area will continue to be in high demand in the future because the last thing you want to do is buy a property in a declining market where incomes are deteriorating, unemployment is rising, and people are moving out. #1 - Demographics: Commercial property investing is really all about space investing. What that means is that you are buying, selling, or leasing space that you think the general population not only want, but need. Take a look at the number of households, people, and businesses residing within 3-5 miles of healthlibr.com your property. The more the better. A simple free tool I use to do a quick and dirty analysis for this is www.BestPlaces.net and www.City-Data.com #2 - Income: To market, sell, and lease your space, you