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Updated almost 6 years ago,
Every Property Has A Number?
Interested in how people approach offering on deals especially those starting out or have done couple deals.
On regular rentals. Seems there is always (most times anyways) a number between purchase price and rent to get the ROI you want. Even if that means purchase price is Free.
I’ve been getting good at doing quick analysis of deals to determine if worth the time, and then diving into more numbers and like to play with them until I see what the purchase price would have to be to get the return I’d want.
How far below purchase price are you guys typically willing to go before you say theres no chance at getting that price agreed on or do you find that sweet spot, offer, and see what happens?