Updated about 6 years ago on . Most recent reply
Going to look at New properties
Rookie investor here, just trying to see folks different methods when looking at New properties for the 1st time. Certain things that make it a "no go" or "go". Any certain rules of thumbs?? All suggestions and view points welcomed.
Most Popular Reply
@Leo Myatt
This is a subjective question because every investor has a different skill set and goals. If you are looking for heavy value plays, you might want to find undervalued properties with blatant deferred maintenance etc. If you are looking to just do some cosmetic upgrades, you are going to search out a property with good "bones" and mechanicals that do not require major CAPEX items...like roofs. Figure out what you are looking for, what you are doing with the property and what your expected exit strategy is.
This is a subjective question because every investor has a different skill set and goals. If you are looking for heavy value plays, you might want to find undervalued properties with blatant deferred maintenance etc. If you are looking to just do some cosmetic upgrades, you are going to search out a property with good "bones" and mechanicals that do not require major CAPEX items...like roofs. Figure out what you are looking for, what you are doing with the property and what your expected exit strategy is.