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Updated over 1 year ago on . Most recent reply

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Artney Stewart
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Buy box criteria

Artney Stewart
Posted

Hello everyone,

I'm currently facing challenges in identifying and establishing my buy box criteria. Would anyone be willing to share some suggestions that I could use as a foundation?

Thank you in advance,

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Denis Ponder
  • New to Real Estate
  • Yuma, AZ
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Denis Ponder
  • New to Real Estate
  • Yuma, AZ
Replied

You need a goal first.  It also helps to identify how much capital, or access to capital, you have.  From there you can start to identify what you are looking for.

Where do you land on the follow spectrums:

Cash flow and Appreciation
Long term or Short term needs (waiting for growth vs get out of my W2 now)
Long term rentals, Mid term rentals, Short term rentals
Buying close to home or coast to coast
Self manage or hire a PM

If you can narrow in on those, you essentially have your buy box.  You will need to narrow down the zip code or street a little more based on where you decide to purchase, but this gives you a good start.

  • Denis Ponder
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