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ever wondered where the best areas in town to invest in are well today i'm going to show you how to find them [Music] what's up everyone scott perry coming at you with another real estate tutorial and today we're going to show you how to use prop stream to help you research new markets now before we get started be sure to check out the free 7 day trial link below so you can follow along through this video so let's pretend that you just moved to a new area and you want to learn where all the excitement is in town as far as real estate is concerned this is a tall order considering you're going to be competing against investors who not only grew up in the area but also have already made relationships with local investors and developers seems pretty hard right well luckily prop stream has a great tool that will help you get a jump start on learning where to invest okay so here's the three things on prop stream that will help you find the best area in town to market in number one well actually they're all related to number one but it's three different things so the primary thing we're going to talk about today is the analytics tab and we're going to talk about three specific things within the analytics tab so click on analytics we're going to talk about estimated values price growth and rental values now you can use these for different reasons so think about what you're trying to do are you trying to wholesale to a flipper to a buy and hold so is your end buyer worried about rents in the area the biggest spread on arv what exactly are they looking for so you can use this tool for different situations so first i'll show you the estimated value tab so you click here see nothing happened you have to hit this drop down and then i just use estimated value so this kind of gives you an area obviously you don't want to flip homes that and look for wholesale homes that maybe you know you're buying for a thousand bucks and the arv is eight thousand i mean it just doesn't make any sense right but you may also not want to flip homes that are two million you may want to flip them but you may not you definitely don't want to rent a two million dollar house unless it's short term right so hit the estimated value here and it's going to pull up this heat map here which is really nice so if i'm moving to indianapolis for the first time i'm going to pull this up and you're going to see these lighter colors as you can see the scales change for each drop down so pay attention to that so the light blue less than a hundred thousand and that's the total um appraised value right and then a million if it or plus if it's dark red so you can see right here okay this area this is where a lot of the very high end homes are so that's going to be more of a flip area as opposed to a rental area right then also the really the lower income stuff maybe that's going to be something you want to do section 8. so this gives you a real nice idea of what part of town to go to on for different strategies and then you can zoom in here and it'll start giving you a better idea once you zoom in you'll see more stuff like you'll say okay here here's some expensive homes right here and being from the area i know this is where a lot of flips are going on a lot of people are moving to this area of the city so they're revitalizing these areas so you can kind of see if you're on the main road it's it's red so it's very expensive and then you kind of move out and it gets gets quite a bit less expensive so do some research on here for you know the total value of the house now let's show you price growth so this is going to be where the growth is in town right so again i'm going to zoom out and i'm going to do i like to see what's going on over five years and i kind of look at all of these so here's five years you can see a ton of growth right down here downtown and this is going to be down in kind of the fountain square area which is over here lots lots and lots of growth they've revitalized this area been working hard to do that you've got mass ave which is a local hot spot here and all the people that want to live close to mass ave so a lot of growth in the last five years in this area town then what i'll do is i'll go down to three years and i kind of like to see the trend where the growth is you can see all of downtown indy a lot of investors in the last few years it's one of the top five places to invest in in the country a lot of out of state folks really putting a lot of money into the city really turning it around now let's go to let's say you want to do a quick flip right so you want to look at short term growth because you're going to flip this in six months hopefully maybe even less so here you go you can see the growth now short-term growth has moved more on the north side of the of the downtown area where if you looked at five years it was down here at the bottom so really good tool to kind of see where the growth is moving also you can find kind of outliers like you look over here and say wow this growth here is a little bit random and being from the area again this was very country well a lot of people from town and here have really started moving out to this area so that's a that's a good indicator of that now if you're selling specifically to buy and hold investors you can go to rental values because they're really just going to care about the rent price right and then again i just do rental prices here you go again pay attention to the scales they change right so less than 500 for light blue greater than 5 000 for the red you really in indianapolis you want to be around a thousand dollars so you want to be in this color range if you're a buy and hold investor once you get to the high price points there's not a lot of people looking to rent at that point so up up in here this isn't a great rental area and again being from the indy area i grew up over here on the east side um you know you really wouldn't want to get a property up here for a buy and hold investment you're going to be looking more like i said hit this drop down again this darker blue to green so you're looking more in this area you know close to this higher end area right here and then when you zoom in again it'll give you a better and this is going to be broad ripples going to be up in this area which is a great rental spot really becoming a great flip spot you can see this growth here so the analytics tool is a great hidden gem that a lot of people don't even know about so that's going to be right here and you've got all this different stuff you have mls information that you have here a whole lot of different things those are my three favorite and that's what i use if i'm trying to find exactly where the growth is going and like i said you can even go down to the street let me show you real fast before we finish here you can come you know zoom in here and it's actually going to give you a color on each house and show you the growth on each house it's kind of hard to see on here but you can see like a yellow dot right there darker yellow green dot so you can actually get down to the actual street so a whole lot of information so i hope this helps you for those that are looking to invest out of state specifically this is a very good tool to use the analytics tab is a valuable tool that i use even in my local market sometimes working so hard in one area that all of a sudden it's three years later and we missed another area that's blowing up on the other side of town have you ever used the analytics tool in prop stream if so let us know in the comments below and if you haven't already please like and subscribe for more real estate related content i'm scott pear with the indie solution and i hope you have a great week oh screen record