A great real estate deal is relative to the investor
What one investor perceives as a great deal might be a terrible deal for another. Understanding your business model and goals are important requirements when looking for that great real estate deal.
Know what you want to achieve before buying
Before you buy a property, consider how the property you are looking at is going to help you achieve your goals. Buying a property “just because you can” might not be in your best interest as an investor.
A good deal is a deal that aligns with your goals.
There are 5 ways to make money in real estate:
- cash flow
- a tenant paying down the debt
- equity capture
Analyze your current situation and focus on which business model you think will help you the best. Writing them down in order of importance might help you better analyze a potential rental home investment.
If you need guidance on how to formulate a custom-fit strategy that will help you achieve your goals, please give us a call.