What’s your criteria of a goodl deal??

5 Replies

@Keleisha Carter . Depends on a person's business model and goals. As a buy and hold investor looking to build income streams I prioritize cash on cash return but I also factor in other metrics and criteria. A flipper or wholesaler might focus on ARV.

If I'm flipping, the property must deliver the minimum profit dictated by my REI Plan...at that time.

If I'm holding, the property must cash flow at the minimum required based on my REI Plan...at that time.

I would like to rent out a property for at least 25%.  What I mean is that gross rent should be no less than 25% of purchase price and rehab spent.  But for that return, you are expecting to get much less on appreciation.

Hard to believe I am approaching 30 years in this field, but I am.  I have no spreadsheets or guru and I never have

I just want to know for myself, that if the world falls apart, I can sell apart I can sell the property and break even

So in all my years, I have lost money on 1 deal($1500).  That property had a fire after I purchased it

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