What is your trigger point?

[Graham Mink]

I am wondering what your "trigger point" is? By this I mean when you are analyzing a deal what makes you decide to pull the trigger and move forward?

For buy & hold investors if you use CoCR what % gets you to take action and look at things deeper? If you use $/unit per month when does that light bulb in your head turn on? $100/unit/month... $200....$500?

For those of you in the flipping business how much profit do you need to see before you decide to go for it? I know J Scott mentioned he wants $20k per flip, is that about what the rest of you usually aim for?

I realize that many different metrics are at play and no one number will prompt you to action but what are your minimum standards before pursuing the purchase of your next deal? I am asking because I analyze a lot of deals, some look good, and some look not so good, but most are profitable on some level. I have a limited supply of capital so I want to be selective, but I also don't want to always swing for the fences and try to hit a grand slam with every deal. Will you share your minimum deal selection criteria?

Thank you!

Graham