Most of your profits are determined when you buy, not by what you do along the way.

One article is titled: “Determining Maximum Purchase Price (MPP)”. 

.- Once you've done that, determine which strategy is most likely to help you reach that goal.

Hi all, I'm in the process of acquiring my first rental property and I'm struggling to determine which route to go.

That will determine what you can actually build on site to reach density... and then consider if the cost of underground parking will be worth the cost to add the units.Then do some very rough napkin math, Determine your footprint and how many floors you can do within the height restriction of the zoning. = Total sq ft.Then determine your usable sq ft. from the total sq ft. calculation, ideally you want to aim around 74% usable space.

✔️Purchase Price: $1.36MM✔️All capex will be included in a bridge loan✔️Will refinance into FreddieHere’s our plan:✅ Pave the parking lot✅ Build 3 additional units to utilize unused space✅ Perform light interior upgrades and bring rents up to market✅ Implement a flat fee for utilities ✅ Improve outside landscaping✅ Engage a professional property management company team to improve inefficiencies “The path to success is to take massive, determined action.” - Tony Robbins 🔥

How much to offer is challenging to determine.

Then your price range will be determined by how much hard money you could borrow.

If the goal is to purchase a rental property, then the biggest remaining hurdle is to determine your strategy and define what you want (and what "good" looks like).

Determine the cost of the project.