A deal means different things to different buyers

[Clement Oigoga Adams]

One thing I’m learning about disposition is that a “good deal” can mean completely different things to different investors.

A fix-and-flipper may immediately look at the purchase price, renovation costs, ARV, and potential profit.

A buy-and-hold investor might care more about monthly cash flow, location, tenant demand, and long-term appreciation.

A BRRRR investor may focus on the ability to renovate, refinance, and recover their capital.

A landlord could be looking closely at rent-to-price ratio, operating expenses, and how easy the property will be to manage.

And a developer may see value in the land, zoning, density, or what could potentially be built there rather than the existing property itself.

That’s something I think is easy to overlook when learning disposition.

It’s not always about finding the “best” deal.

It’s about understanding who the deal is actually best for.

The better you understand what different buyers prioritize, the easier it becomes to recognize which opportunities may fit which investors.

I’m curious to hear from experienced investors:

What’s the first thing you personally look at when evaluating an investment opportunity?