For those who know me, the best things to invest in are:
1) Yourself
2) Growth assets such as equity, businesses and my favorite, real estate.
Love him or hate him, Grant Cardone has taught me a lot about real estate investing. It’s all about the math and questions.
Here are 7 questions I use to assess a real estate investment opportunities:
1) Send the financial proforma to potential investors and ask their view on the deal?
2) Ask the investment broker what their view is? They’ve seen lots of deals like this and would know what to look for.
3) Get copies of lease agreements. Are they all up to date and run for at least 6 months or longer?
4) When were the hot water tanks, AC units, Furnaces were last replaced?
5) What are the utility costs, condo fees, ground rents, etc.?
6) What is the Cap rate? Compare to other investments in the area
7) What’s the latest City tax assessment? Confirm the assessed property value and property taxes.
What are your go-to questions on real estate deals.
Comment below.
