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Updated over 10 years ago on . Most recent reply

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Matt Juels
  • Professional
  • Irvine, CA
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Top 5 things YOU are looking for in an investment property?

Matt Juels
  • Professional
  • Irvine, CA
Posted

Hi all!

I'm doing a bit of research of RE Investing and wanted to get some feedback.

What are the top 5 things you are looking for in your investment property? Please clarify if you top 5 is a rental or a flip. Thank you all in advance!

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Wendell De Guzman
  • Investor
  • Chicago, IL
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Wendell De Guzman
  • Investor
  • Chicago, IL
Replied

It depends on what I want to do with the property.

1) As everyone has said here - location is important. My exit strategy will be different depending on the location:

To find out what type of areas you have (if you don't know), you have to get the appreciation rate, crime rate, and information about school districts. This specially crucial for buy-and-holds. You should get info like the following:

2) I get information like COMPS, property taxes, repairs, market rents, etc.

3) I run my numbers - how much money will I make if I rehab and flip the property? How much is my cash-on-cash return if I rehab and rent the property? Below are examples:

CASHFLOW ANALYSIS:

REHAB PROFIT ANALYSIS:

BOTTOMLINE: if I will make money on a property based on the numbers in a way that is appropriate for the area, I will buy the property.

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