PT 4/5: Lead Analysis
Hello BP Family! We're almost done this saga! If you've looked over each section I can't thank you enough for the help! If you're just seeing this one you can go to PT1/5: Capital Acquisition to get some background.
This section is the shortest and just has to do with Lead Analysis. The tools take care of the majority of the math. I'm looking to make sure my methodology makes sense. What other steps could I be missing or have I overlooked? Thanks again for the assistance!
- BP Rental Analysis & BP Flip Analysis
- Run against market analysis determined IDEAL criteria
- Build Rehab Budget
- Determine Rental vs. Flip.
- Build contingency to convert to Hold if Flip does not sell.
Questions:
- What are good maximum distance parameters? <1 Hours Distance from reliable agent or <2 Hours from local office?
- What are some averages to work off to determine rehab requirements?
- What is the best way to try and determine capital expenses before an offer is made?