Skip to content
Buying & Selling Real Estate

User Stats

9
Posts
8
Votes
Joshua Morency
  • New to Real Estate
  • New York City
8
Votes |
9
Posts

What Is The #1 Thing You Look For When Analyzing A Property

Joshua Morency
  • New to Real Estate
  • New York City
Posted Jan 20 2022, 18:23

Hi everyone,

I am new to real estate investing and I was just wondering what is the #1 thing you all look for when analyzing a deal?

I appreciate any response!

User Stats

934
Posts
649
Votes
David Avery
  • Flipper/Rehabber
  • Phoenix Arizona
649
Votes |
934
Posts
David Avery
  • Flipper/Rehabber
  • Phoenix Arizona
Replied Jan 21 2022, 04:25

1-Square footage and possible Square footage

2-Bedrooms and bathrooms

3-Area 

4-Price

User Stats

738
Posts
814
Votes
Brandon Rush
Pro Member
  • Real Estate Agent
  • Portland, CT
814
Votes |
738
Posts
Brandon Rush
Pro Member
  • Real Estate Agent
  • Portland, CT
Replied Jan 21 2022, 04:28

Hey Joshua,

For me, it would be how long will it take for me to get all of my money back or my cash on cash return so those funds can be recycled elsewhere.

Berkshire Hathaway - The Cozzi Team Logo
Ignite Funding  logo
Ignite Funding
|
Sponsored
Maximize Your Returns with Trust Deeds Earn 10%-12% annually on collateralized real estate investments. No fees to invest.

User Stats

926
Posts
946
Votes
Jon Kelly
  • Investor
  • Bethlehem, PA
946
Votes |
926
Posts
Jon Kelly
  • Investor
  • Bethlehem, PA
Replied Jan 21 2022, 04:59

Price

User Stats

2
Posts
3
Votes
Bethany Haddle
  • New to Real Estate
  • Cleveland, OH
3
Votes |
2
Posts
Bethany Haddle
  • New to Real Estate
  • Cleveland, OH
Replied Jan 21 2022, 05:45

I typically try to make sure that the basement is in good condition with no water damage as I am in Ohio where we get plenty of rain and snow.

I also like to have atlas 3 bedrooms. 

I think that having a garage is also pretty key to have for SFH.

Hope this helps!

User Stats

234
Posts
446
Votes
Austin McClain
  • Real Estate Agent
  • Ohio
446
Votes |
234
Posts
Austin McClain
  • Real Estate Agent
  • Ohio
Replied Jan 21 2022, 06:30

Make sure the homes foundation is ok. After that, I run numbers to make sure the property will cash flow. It is especially important for your first rental to have a positive cash flow while you're getting started. 

User Stats

1,240
Posts
911
Votes
Conner Olsen
Pro Member
  • Real Estate Agent
  • Austin, TX
911
Votes |
1,240
Posts
Conner Olsen
Pro Member
  • Real Estate Agent
  • Austin, TX
Replied Jan 21 2022, 06:52

@Joshua Morency Cash flow and potential appreciation. I'm in a rapidly appreciating market so I have to be creative with Airbnb to make cashflow. Price doesn't matter as much to me as monthly payment.

User Stats

1,140
Posts
1,259
Votes
Joshua Janus
  • Realtor
  • Columbus OH & Cleveland, OH
1,259
Votes |
1,140
Posts
Joshua Janus
  • Realtor
  • Columbus OH & Cleveland, OH
Replied Jan 21 2022, 17:08

Location and income potential. Run your numbers with a less than ideal situation (high vacancy, extra maintenance, capex reserves, etc.) to make sure you win in the deal either way.