Anyone In GR Interested in Analysis Group?

Question

I am interested in bouncing potential deal numbers around with other investors. Looking for potential analysis pitfalls, offer strategies, analysis metrics, discussion of local market conditions, and general networking/camaraderie.

Thoughts?

Joe Villeneuve · Answer

Market Analysis i critical.  It's more important than doing individual property analysis, because when you do a proper market analysis, you are analyzing ALL of the properties in any market(s) at the same time.

Now, one of the analysis "pitfalls" is not understanding what defines a market, or more importantly, a Micro-market.

Another problem is focusing on one strategy, and trying to fit each market/property.  this will lead to a lot of rationalization of bad deals, into perceived good ones.  Knowing how to use many different strategies allows the REI to take advantage of markets/properties that are available, but that other REI's can't make work.  A deal is really simple.  It comes in two parts.  Part one is the lowest cost to the REI.  Cost to the REI is ONLY the cash that comes out of their pocket.  Part two, is how someone or something else pays for everything else.  This is where the strategy comes in.

Matthew Hull · Answer

Thanks for the thoughts

I should be more specific. I am interested in some in-person or virtual connections for anyone in the GR area. I’d like to be able to validate observations, discuss data points, and talk about specific deals.

If anyone is interested, let me know. Feel free to PM me.