This week, I break down the 5 criteria Rob and I used to analyze our 6,000 square foot Spanish mansion before we invested in it. The best part is, you don’t have to invest in a mansion like we did. This criteria can be used for any asset class that interests you. We’re continuing to use this same criteria as we analyze additional properties for our next deal. I’d love to hear what you think by leaving a comment letting me know if you use any other criteria when analyzing deals. Check out the video here!
I’m incredibly excited my next meetup event will be next week in the Sacramento area. On April 20th, I’ll be sharing “What’s Working In NorCal In 2022?” where I’ll be talking about the quickly evolving market, what strategies are working TODAY, the quickest ways to grow wealth, and what to expect in the coming months with real estate investing. Space is limited and this will be in person only. VIP tickets are available for a small, exclusive Q&A with me an hour before the event starts. Tickets are going quickly so be sure to secure yours today! I’d love if you could make it and I can’t wait to see you there!
Last week I shared Step 1 of buying a rental property, determining your criteria. Let’s build off of this and jump into Step 2.
Let’s continue with Step 2 – Define Your Viewpoint
- ROI- What is the return on investment?
- Equity- Is this property in an area that we can expect appreciation or am I getting it at a good price so equity is already built in?
- Debt- How can we use debt? Is debt a benefit to me, especially if I can borrow at rates below inflation?
- Time- Would this property take all of my time?
- Risk- How much risk am I taking on with this deal?
Once you have your answers to each of these criteria, you’ll be ready to move on to step 3!
You’ve probably been hearing all about issues with the supply chain. I wanted to share this post that helps explain what the supply chain is, how it’s currently doing, and what you can do. I’d be interested to know if you’ve been seeing a shortage of any products or if you’re just feeling the effects with higher prices.
Interest rates have been continuing to rise. This post gives an easy-to-read summary on why they’ve been rising. If you feel like rates are higher than ever, be sure to read the post for a fun fact on where interest rates are now compared to previous years. Let me know if you’ve been watching the rates closely and what your thoughts are!
