Determining A Good Deal !!!!!!

What determines a good buy for an investor?

1. Foreclosures (pre and post)
2. Rehabbers (Fixer uppers)
3. Regular single fam home
4. Rentals

What formula to use for each....
This way I know which homes to present to my investors and not waste time with the ones that they won't blink an eye at.

Thanks, I hope this info helps others
as well.

Comments(6)

  • classimg29th October, 2003

    We like pre-foreclosures, the seller is anxious and the transaction can be swift. This does require the use of cash.

    We also like creating sandwich lease options where the investors/sellers unit is vacant. This group is motivated to make a deal. This requires less cash when you have a tenant/buyer ready to move into a property.

    Eric & Rosa
    [addsig]

  • carljohnson31529th October, 2003

    Thanks for the responses, but i'm talking about formulas.

    calculations

    List price, repair costs.......

    Thanks again

  • DaveREI29th October, 2003

    Answer.....Profitablility...$$$$$


    Quote:
    On 2003-10-29 10:33, carljohnson315 wrote:
    What determines a good buy for an investor?

    1. Foreclosures (pre and post)
    2. Rehabbers (Fixer uppers)
    3. Regular single fam home
    4. Rentals

    What formula to use for each....
    This way I know which homes to present to my investors and not waste time with the ones that they won't blink an eye at.

    Thanks, I hope this info helps others
    as well.

  • yehoshua3029th October, 2003

    Well, for rentals, I guess you'd like a typical breakdown of expenses?
    Some have said that figure that your expenses in rentals is about 40-50% of your gross rents.
    So figure that when scouting for rent rates and what you will pay for the home.
    my $0.02

  • carljohnson31529th October, 2003

    I guess I'll just go to the book store and learn.

  • carljohnson31529th October, 2003

    Thanks yehoshua30

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