When you analyze a deal what are the top 5-10 numbers/ things you want to see right away in your calculations?
2. $100 door?
3. 1-2% rule?
4. Good neighborhood?
5. Job coming in?
Doing some homework and would help if you all could help answer with your top requirements. Thank you in advance.
@Paul Vu It is not always in the same order; but generally
Opportunity to Rehab Property and Raise Rent
Rehab budget and time line
Current cash flow and Cash flow when Rehabbed
In my market-and likely most markets there are no opportunities to buy and leave as is and make money by simply taking over a property and leaving status quo. Those are generally at about .6 compared to the 1% rule. I know I need about 1.3-1.5% to make a profit. By doing rehab and raising rent I can hit that number.
Cashflow, Location, economics development, vacancy rate, employment.
For me it's
2. Neighborhood/local economics
3. Rehab Cost
4. Rentability/Ease of management
5. Value add
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