Understanding markets is the key to success in real estate investing. Choosing what market or markets you want to put your capital to work in requires a great deal of knowledge. To simplify things, there are 3 types of real estate market classifications that we use to bucket a market into. Classifying a market as primary, secondary, or tertiary helps us understand the density of population that a market has, what type of infrastructure and amenities it possesses, and how each real estate market functions. In this guide, we’re going to break down the difference between the 3 classifications, and what opportunities lie within each.
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