Analyzing a deal in a hot market

[Joseph Sandlin]

What are your go - to methods of analyzing a deal? (Looking for a thorough process on making sure it is a good buy)

Are there any things that will instantly turn you off on a deal?

What kind of returns / cash flow are you looking for in single family and multi family homes?

Is there any unseen value in owning multiple houses in a row?

Such as control of the neighborhood?

(Example: is there any justification in paying more than market value for a house if you own 4 of them on that street?)

Thanks so much for the answers!

[Kody Thompson]

Bigger pockets calculator is a good resource. 

Turn offs:

Bad Location

Lots of places for rent nearby

Not within 5-10 miles of a major shopping center or walmart

Returns depend on the location. Some of my rentals are more focused on appreciation than cashflow however I will never invest in a property that doesnt cashflow from day 1 after all capex's have been accounted for.