Do You Have Clarity In Your Real Estate Business?

[Gino Barbaro]

One of the biggest mistakes that investors make is they are not clear on what it is they want to invest in, and what their goals are with their investments. 

If you're investing in multifamily, make sure you have your but right criteria created, and know why you are investing. Is it for cash flow, appreciation, retirement, quitting your job?

We just closed on a $9,000,000 deal yesterday because our broker knew what kind of assets we like to buy. In this part of the market cycle, newer vintage assets, median incomes of at least 50k, washer dryer hook ups, more two beds than ones, townhome style assets.

When the broker showed us the deal we didn't have to waste time analyzing it. It's what we wanted. 2018 build, 80k median income, 2 bed town homes, nice amenities, growing market.

We have two moire assets similar to this one closing in the next 60 days because we are clear on what we want to buy and why we are buying them.

The moral of the story is, whether you're buying a business, single family home, or apartments, make sure you have a buy right criteria, and let everyone know. It's not to say that your criteria will change, depending on the market cycle, your experience, your goals. Ours has changed dramatically the past 15 years. Cut out all the noise and focus on what you want, and ehat will bring you success!

And when the deal crosses your desk, you'll know!

Buy Right Manage Right Finance Right®