How we evaluate a property
Five questions before we commit.
Every property gets the same questions, in the same order, so deals can be compared and nothing is skipped when one looks especially attractive.
1. Market and location
We start with the surrounding market: demand for the kind of property in question, nearby employers and amenities, and how the area is changing.
2. Physical condition
Age, condition and the work a property needs in the near term, so repairs and improvements are in the numbers before we commit.
3. Income and expenses
Rents, vacancy, taxes, insurance and operating costs, tested against conservative assumptions rather than best-case ones.
4. Structure and financing
How the purchase is financed and held, and how much room the numbers leave if conditions change.
5. The plan
A written plan for the first twelve months covering leasing, improvements and budget, so ownership starts with direction.
What you can expect
Numbers we can explain.
We would rather pass on a property than stretch assumptions to make it work. When we do move forward, you can expect the reasoning to be written down: what we are buying, what we assume, and what would have to change for the plan to fail.
After closing, the same people who evaluated the property stay accountable for it. See property management and asset oversight for what happens next.
This website is for general information only. It is not an offer to sell or a solicitation to buy any security or investment. If you would like to learn more about how we work, get in touch and we will start a conversation.
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