Modules
Becoming a master at preliminary evaluation and research is more important than most think, and that’s what Rod reviews with you in this video. You’ll learn how to quickly determine whether a property and its market are something you should further pursue or kick to the curb.
This video starts off with Rod reviewing why you should never work from a broker’s proforma, and why working from accurate and actual numbers is a must. You’ll then learn exactly what you should be looking for in a preliminary evaluation. Things like; poor management, high turnover, and deferred maintenance.
Next, Rod takes you through dozens of questions you should be asking yourself when first looking at a deal, both specific to the property and specific to the market area. You’ll then learn how and where to determine market rents, such as calling property management companies, online sites, and mystery shopping.
Rod also explains how to measure demand, and why it’s something he suggests you do on every deal you analyze. Lastly, you’ll have another reminder about safety and how to use Google Earth to determine more than you ever imagined.
In this video you’ll learn:
• Why you should never work from a broker’s pro-forma
• What to look for in a property and market
• Specific things to ask/look for regarding the property
• Specific things to ask/look for regarding the market/area
• Determining market rents
• How to measure demand
• What to look for in the surrounding area
• Safety
- Action Step1
- Action Step2
- Action Step3
