HOW TO ANALYZE A DEAL FOR TWO EXIT STRATEGIES

[Edith Alvarado de Cortez]

Hi every one! 

I was wondering, how do you analyze a SFR so it can make sense for both exit strategies, to fix & flip or a rental. What are your formulas?

I've been analyzing some properties for fix & flip with the 70% rule, but how do I know if they have potential for a good rental as well, more specifically for a BRRRR?

Thank you so much for your help in advance! 

[Joe Villeneuve]

Originally posted by @Edith Alvarado de Cortez:

Originally posted by @Joe Villeneuve:

OK. Let me reword my statement with this new info.

"Why do you think you should take baby steps, just because you're starting out'?

Well, if that's not a good idea at all. What advice could you give me? 🙂

Don't limit yourself. The more strategies you can learn, the more opportunities you can take advantage of...and you can improve the returns on all of your deals by having more options, and even using multiple ones on the same deal. Learn beyond the basics. When your success depends on using just the basic strategies, the properties where those strategies work are limited. As a result, you and every other REI that is limited to those same strategies arrive at the same place...fighting over the limited supply. Imagine a Kmart Blue Light Special.

Every strategy can't be effectively applied to every property, but every property will have a strategy that can effectively applied to it, to make it a deal.