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The host, Justin Colby, shares his criteria for choosing virtual markets for real estate investing. He emphasizes the importance of having MLS access through Privy to analyze and comp deals effectively. Additionally, he looks for markets with major sports teams, military bases, and major colleges, citing Phoenix, Arizona as an example of a great market that meets these criteria. However, he notes that Phoenix is a competitive and overpriced market, making it an anomaly. Colby also mentions other potential markets with similar fundamentals, such as cities in North Carolina, Oklahoma City, and Florida. Most importantly, he stresses the need to be in a market that is roughly 30% under the median price point, which translates to being in a market that is $300,000 or less. He encourages listeners to follow these criteria and emphasizes the significance of having Privy, access to colleges, military bases, sporting teams, and staying within the price point as key factors for choosing a good virtual market for real estate investment. Colby concludes by encouraging engagement with the podcast and expresses hope that his criteria will help listeners make informed decisions when choosing virtual markets for real estate investment.
The host, Justin Colby, shares his criteria for choosing virtual markets for real estate investing.