Defining Real Estate Criteria

[Claudio Trevisan]

Hello everyone!

I am so excited to be apart of this community. I am currently working on defining my portfolio criteria for my first investment. I am interested in multi family units, anything from a duplex to a 4-plex, for the purpose of buy and holding.  

However, I am having trouble defining some of my criteria for leads. I would appreciate any suggestions and corrections to my current criteria along with tips on how to develop the rest of my criteria. 

Current Criteria:

-Loan to value = 80% at maximum

-Cash flow Requirement = at least 10%

-Cap Rate = at least 8%

-Max Purchase amount = 70% hold 

-Max rehab amount = No clue lol

-Max time frame = 30 yr loan

-Town = West Palm Beach/ Orlando (UCF area)

-Neighborhood = no clue

-Property size = no clue

- lot size = no clue

- Property conditions = B rating? I'm not sure

- number of units = 2-4

- Appreciation Potential = no clue

If anyone has any suggestions for figures or ideas I can use to develop my own, please let me know. Thank you to everyone who took the time to help out a new investor. I can't wait to give back.