IMPORTANT NOTE: This content is included with the Plus Membership
Establishing Your Buying Criteria Workshop
by James Orr
Buying Criteria Worksheet
Before you start looking for properties, you may want to define what it is you're looking for. What's a deal for you? What types of properties? What locations? What price range? What income? What Cash on Cash Return on Investment? And much more...
In this workshop class you'll develop your own specific buying criteria:
Why you may want separate criteria for different properties (single family homes, multi-family, commercial, house hacking, Nomad™, BRRR/BRRRR, fix and flip, wholesaling, out of state, etc)
Downloadable Buying Criteria Worksheet
The "Art" of selecting your buying criteria (narrow versus wide, time available to find property, how many do you need and more)
Back-testing your criteria to see how many matches have existed for your historically
MLS Searchable criteria versus Not MLS Searchable criteria and the pros and cons of each
A discussion of the ideal types of properties according to The Millionaire Real Estate Investor book by Gary Keller et al
Types of properties and number of units
Location, location, location
How are we going to finance these properties and the impact on establishing your criteria
Price and all the complex considerations related to property price
Discounts: buying at a discount, how big of a discount do you need, determining Fair Market Value (FMV) and what happens if it does not appraise
Insurability
Rent, rent comps, buying under-rented properties and using rent as a selection criteria
The metrics: Cash Flow, Cap Rate, Cash on Cash, Gross Rent Multiplier
Cash Flow Power Meter™ and understanding all 4 areas of return when buying properties
Exit strategies and their impact on your selection criteria
Beds, baths and square footage - some easy criteria
Year built and effective year built
Flood plains and other unusual considerations
Property condition and rent ready costs
Holding periods and their impact on selection criteria
Musts and wants
Malcolm Gladwell's book Blink and the importance of trusting your gut
Plus much more...
Duration: 1 hours and 41 minutes
Recorded: July 22, 2020
Instructor: James Orr
And, it is all covered by an unconditional 30-day money back guarantee... try it for 30 days and if you don't agree these are some of the best real estate investing training classes and tools you've ever seen, at any price... simply request a full, no-questions-asked refund.
Buying Criteria Worksheet
The World's Greatest Real Estate Deal Analysis Spreadsheet™ 
And, it is all covered by an unconditional 30-day money back guarantee... try it for 30 days and if you don't agree these are some of the best real estate investing training classes and tools you've ever seen, at any price... simply request a full, no-questions-asked refund.