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Updated about 4 years ago on . Most recent reply
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First Look sheets for Inverstors
I am looking to put together an excel sheet to send out to investors who are interested in a property but are out of town or out of state. Besides the obvious, what would you like to see on a one-sheet when evaluating a property you can't physically make it to at first.
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Estimated rent for that property. Prior quarter, six months, year and three year of average property appreciation for the area. Low down on what the area feels like and the direction the neighborhood is going. Details on population change for the area, details on job growth for the area. Any recent news that might affect any of the above that hasn't impacted things yet (i.e. Amazon planning to set up a hub in the area). Lot of this stuff is on neighborhood scout, but you have to pay for it. You could pull the info and send it to clients.
also thoughts on the property that are obvious if you're there but not if you're remote. Is the layout weird, are the fixtures outdated, does the roof look like it had much life left, is there a empty lot full of empty cars across the street (Google maps images can be outdated)... Actually that's a good one. Does it look like the Google maps pictures.