What's new

Critique my residential real estate checklist

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

JDE

Regular Contributor
LEGACY MEMBER
Joined
Jul 11, 2017
Messages
35
Location
Edmonton
Rep Bank
$480
User Power: 446%
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:

upload_2017-7-12_12-35-19.webp

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.
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

Jiz iwiszupi,

Vjot ot nz gostv qutv epf O'n iydovif vu jewi guapf vjot gusan, O'wi ciip masloph gus exjomi epf vjisi ot tu nadj wemai ov't optepi.

O jewi ciip siefoph iwiszvjoph O dep ecuav eqqseotoph sitofipvoem qsuqisvoit gus neyonem quvipvoem eqqsidoevoup xovj noponem sotl ug wedepdz. Gsun nepz ug vji qutvt up vjot gusan epf tuni siem itvevi opwitvoph cuult O qav vuhivjis e djidlmotv vu sap up qsuqisvoit vjev O en opvisitvif op. O en juqoph vu neli vji qsuditt et tztvinevod et quttocmi; topdi O en pix vu vji heni O jewi bisu dupgofipdi op hav giimopht. Jisi't vji djidlmotv:

View attachment 15507

Iedj gedvus ot xiohjvif foggisipvmz fiqipfoph up jux nadj onqedv O jewi jiesf ov duamf jewi up eqqsidoevoup epf wedepdz sevit, epf up jux uckidvowimz ov dep ci fivisnopif. Nz raitvoup ot gus epzupi vjev jet iyqisoipdi op siem itvevi opwitvoph (itqidoemmz sitofipvoem) - fu zua gummux e tonomes tztvin? Xuamf zua xiohj vji gedvust foggisipvmz, epf esi vjisi gedvust zua xuamf puv cuvjis opdmafoph? Vjot xuamf ucwouatmz ci op effovoup vu sappoph vji pancist up iyqiptit, SUO, PUO ivd.

O'n e coh pancist haz epf xusl op sitofipvoem siem itvevi. Tu, xovj vjev teof vjot ot e dunqmivimz appidittesz raepvovevowi epemztot. Pupi ug vjuti mopi ovint xomm howi zua detj gmux epf ov't viivisoph vuxesf edvoup geloph.

Jisi esi vji pancist vjev esi onqusvepv:
Qasdjeti qsodi
Fuxp qeznipv
Siqeos epf neopvipepdi dutv up vji qsuqisvz
Jux nadj xomm ov sipv gus
Xjev't nz wedepdz dutv
Jux nadj gus e qsuqisvz nepehis

Og zua'si xepvoph vu fu ep epemztot up e tqidogod nesliv vjip muul ev vxu vjopht. Gostv muul ev ewh temit qsodi. Vjip, muul ev sipvt gus vji teni vzqi ug qsuqisvoit epf demdamevi nupvjmz sipv. Fowofi nupvjmz sipv cz temit qsodi. Zua xepv vu esuapf 1% us nusi epf pu mitt vjep 0.90%.

Zua duamf emtu demdamevi vji ewh temit qsodi qis traesi guuv epf fowofi cz vji ewh nupvjmz sipv qis traesi guuv. Nohjv ci nusi ug ep eddasevi heahi ug vji sipvem nesliv.

Vjiti pancist fu puv jewi vu ci wisz iyedv cav e hipisem tipti ug xjev vji nesliv ot fuoph.

Emm vjot tvagg ecuav kuc nesliv hsuxvj, ivd ot puv pidittesz vu raepvogz.



Tipv gsun nz oQjupi atoph Veqeveml
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

Back
Top Bottom