Jimi K.'s blog

I am really hoping I can pull this deal off in the comoing months . I have property management in place for this. Waiting on the fianncials for the properties as I write.

At the edge event this year Dean talked about the criteria that he uses to analyze a city for investment potential. There were four key points that I have in my notes but I'm not sure if UI missed any.
1. Migration - population is stable or increasing.
2. Unemployment - Stayed the same or gone down.
3. Rents - Stayed the same or are going up.
4. Market - Flat

I thought it would be interesting to see what some of you have to say about the area and so I thought I would begin reporting on it. The criteria seems to be met but its said to be the poorest city in the country. What does that mean? I know there are currently 111 homes for $35000 and under.

http://www.apartmentratings.com/rate?a=MSAAvgRentalPrice&msa=6680