Hey everyone,
This is my first post and I'm excited to have found this forum, I've been lurking for awhile and there is so much value it's insane.
I have been reading everything I can about appraising residential properties for maximal potential appreciation with minimal risk of vacancy. From many of the posts on this forum and some real estate investing books I put together a checklist to run on properties that I am interested in. I am hoping to make the process as systematic as possible; since I am new to the game I have zero confidence in gut feelings. Here's the checklist:
Each factor is weighted differently depending on how much impact I have heard it could have on appreciation and vacancy rates, and on how objectively it can be determined. My question is for anyone that has experience in real estate investing (especially residential) - do you follow a similar system? Would you weigh the factors differently, and are there factors you would not bother including? This would obviously be in addition to running the numbers on expenses, ROI, NOI etc.
This is my first post and I'm excited to have found this forum, I've been lurking for awhile and there is so much value it's insane.
I have been reading everything I can about appraising residential properties for maximal potential appreciation with minimal risk of vacancy. From many of the posts on this forum and some real estate investing books I put together a checklist to run on properties that I am interested in. I am hoping to make the process as systematic as possible; since I am new to the game I have zero confidence in gut feelings. Here's the checklist:
Each factor is weighted differently depending on how much impact I have heard it could have on appreciation and vacancy rates, and on how objectively it can be determined. My question is for anyone that has experience in real estate investing (especially residential) - do you follow a similar system? Would you weigh the factors differently, and are there factors you would not bother including? This would obviously be in addition to running the numbers on expenses, ROI, NOI etc.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.