I was wondering if any of the experienced investors here could provide us newbies with a checklist of items that are essential to review before buying an investment property? ???
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Keith
Ask a silly question…
i agree…whats a good checklist? this would be a great reference for us.
Which checklist? The one about a specific property?
What about a financial checklist? Are all your ducks in a row to finance a property?
A repair checklist?
Neighborhood checklist?
Would be nice if investiing worked liek a grocery list.
Well, some of it does, actually.
Checklist would not deal with financing. If you can’t line up the money to fund a deal you have no deal. I was referring to things like ROI, Cap rates, vacancy rates, carrying costs (if a flip), prop management expense, and things of this nature.
I understand what you are looking for now. The spreadsheet I have doesn’t apply to rehabs or flips. I’ll see if I can find one.
Jeff
I have funded many deals without lining up money.
Would appreciate any help in this matter just do not want to overlook anything when doing the numbers. How have you “funded” many deals without financing? Some type of financing had to occurr, either OPP, creative financing, NO money Down, etc, etc, etc.
I equated ‘funding’ to conventional lending.
I have done unconventional ‘financing’ including lease options, NMD, partnership, selling DP and CC as a note payable, owner financing, oh , and conventional…
I have a cash flow spreadheet for properties. Does not include flips or rehabs, yet. (Been doing them in my head.) :-*
I can send you that if you like. I got an excel version that fills in most totals or a pdf you can do by hand.
Jeff
JeffinCT I would love to get a hang of that spreadsheet. It basiscally covers all the costs necessary to see if a home can be profitable?
Thanks so much
JeffinCT,
If you could e-mail me a copy of that spreadsheet it would be greatly appreciated. E-mail is in my profile, thanks.
Done
Jeff