16: How to Pick Your Perfect Market: Cleveland vs. Columbus Case Study! with Dave Meyer and Jamie Gallagher

Jun 17, 2020

Data wiz, Dave Meyer, and rookie investor, Jamie Gallagher, compare the markets of Cleveland and Columbus in this podcast. They discuss important data points to consider, such as rent-to-price ratio and rent-to-income ratio. The impact of job and population growth on appreciation is explored, along with quality of life factors. They analyze the Cleveland vs. Columbus markets and provide advice for future house hackers. A valuable resource, BPInsights, is also mentioned. Overall, this podcast covers essential market analysis insights for real estate investors.

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Introduction

00:00 • 3min

Introducing Jamie and David: A Discussion on Real Estate

02:31 • 2min

Introduction to the Speakers and Discussion on Market Analysis and Magazine

04:08 • 3min

Investing in Columbus and Cleveland: Attractive Markets for Real Estate Investment

06:44 • 27min

The Value of Treating Properties and Tenants with Care and Assessing Rent-to-Income Ratio

33:47 • 5min

Analyzing Cleveland vs. Columbus Real Estate Markets and the Launch of BP Insights

38:27 • 8min

Wealth Generation in Real Estate and Morning Routines

46:17 • 4min

Contact information and discussion of the Facebook group

50:41 • 4min

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
Analysis of Cleveland vs. Columbus, Ohio
Advice for a future house hacker
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/rookie16

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