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Updated over 10 years ago, 05/07/2014

Account Closed
  • Neptune, NJ
51
Votes |
116
Posts

what is your "location" criteria when purchasing? Is it different for flips vs. buy and holds?

Account Closed
  • Neptune, NJ
Posted

Regardless of the #'s per se (purchase price, after rehab value and rental income and etc.) I look for properties that are:1- near major places of employment that is relevant to todays business climate 2- Close to Hospitals 3- Close to Universities 4- Close to Transportation (Major Hwys, bus, train and ferry services). All 4 must be within 20mins of property. Public school systems, and Parks are next but looking at my historical data (to include only sfh with 1-4bedrooms) public schools and parks are surprisingly low on the list. The criteria holds true regardless if I am buying flips or buy/holds.

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