Investor · Indianapolis · Member since 2024 · 91 posts · 47 votes
Would anyone be open to having a conversation about their investment goals and criteria? I'm trying to get a better feel for the different veiws that investors take into consideration when looking at a property.
Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2024 · 2k+ posts · 936 votes
2d
Quote from @Dennis Bamford:
Would anyone be open to having a conversation about their investment goals and criteria? I'm trying to get a better feel for the different veiws that investors take into consideration when looking at a property.
Looking forward to the conversation
Appreciate and Respect Your Time Dennis Bamford
For me, a deal comes down to the numbers and why they matter. I look at purchase price, realistic rent, rehab, expenses, and what the property can realistically produce after everything is paid. I also look closely at the neighborhood and future demand, not just the spreadsheet. That’s why I like comparing Midwest markets, since you can still find lower entry prices where the numbers have room to work.
Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2024 · 2k+ posts · 936 votes
2d
Quote from @Dennis Bamford:
Would anyone be open to having a conversation about their investment goals and criteria? I'm trying to get a better feel for the different veiws that investors take into consideration when looking at a property.
Looking forward to the conversation
Appreciate and Respect Your Time Dennis Bamford
For me, a deal comes down to the numbers and why they matter. I look at purchase price, realistic rent, rehab, expenses, and what the property can realistically produce after everything is paid. I also look closely at the neighborhood and future demand, not just the spreadsheet. That’s why I like comparing Midwest markets, since you can still find lower entry prices where the numbers have room to work.
Investor · Indianapolis · Member since 2024 · 91 posts · 47 votes
1d
Arman,
The Midwest I feel has gotten a lot of attention and the prices have gone up (which could be said for just about everywhere) but, I do agree the Midwest is still my main hunting ground.
It's ALL about the numbers, I 100% agree with you! The Market Analysis is my starting point so we can see where future demand is going for an area.
Hey @Dennis Bamford to me it all depends on the individuals goals, whether they are in a building phase or a stabilization phase in life. I'm personally in a building phase and looking to invest in properties with strong upside in equity. As far under market rents as possible with zero or minimal structural work needed and 5+ unit where the values and upside are more predictable. Eventually when I build up a strong net worth, I'll likely invest or 1031 into an area with much higher cash flow and less appreciation, or keep a good mix between the two
Investor · Indianapolis · Member since 2024 · 91 posts · 47 votes
1d
Brandon,
Yes, your individual goals or better yet your "WHY" I am investing is a must to figure out first. I'm a big believer in getting that aspect of your investment thesis squared away before you do anything else, because it's your "why" that is going to be the driving force on those bad days when you are asking yourself "What the hell am I doing?"
Investor · Collierville, TN 38017 · Member since 2017 · 663 posts · 479 votes
9h
For me a deal is four numbers: price, ARV, rent, rehab.
If those four numbers give me $200+/door/month cash flow and hit the 1% rule, it's a deal. Everything else is noise. I buy single-family in Memphis under $100K all-in, ARV $180K-$265K, 3BR+ renting $1,395-$1,950 on Section 8. If I can convert a 2/1 to a 3/1 or turn a carport into a master bedroom and add 400-650 sq ft, the math gets even better.
The trap is getting creative to make the numbers work — overestimating rent or underestimating rehab. I look at 100+ deals to buy a handful. A real deal doesn't need optimism; it pencils on conservative numbers. If it only works under perfect conditions, it's not a deal, it's a hope.
Know your box, underwrite fast (10 minutes a deal), and make offers the same day. The investors who win are the ones who look at the most deals, not the ones with the fanciest spreadsheet.
Rental Property Investor · Ellsworth, ME · Member since 2021 · 1k+ posts · 2k+ votes
9h
Paying a fair price for a really good asset.
I've turned a corner on my approach in the last couple of years. I'm more focused on getting a "It would be awesome to live here" asset than I am trying to force equity, buy at a deep discount, etc. I'm still opportunistic and look for problems that I am uniquely suited to solve, but after owning a handful of rentals, I now only want to own properties that are ridiculously easy to rent and attract high quality guests (for STRs) and tenants (for long term and mid term).
Your strategy is going to dictate what you see as a deal as well. If I'm looking to hang on to a place for 10+ years, and I am, then the $10-50k difference on the purchase price moves the IRR next to zero. Leverage + appreciation of rents and value is what makes real estate worth the hassle. I look to maximize both of those, and quality is the primary driver.