What makes a property a good investment? Is it a certain percentage of positive cash flow? Is it meeting or beating a numeric ratio? Is it buying a property at something less than the perceived market value?
The answer is — it depends.
An investor needs to know where they want to go with their investments. What they hope to achieve. When an investor knows what they hope to accomplish they have a personal set of guidelines for what makes a good investment for them.
The BawldGuy talks a lot about Purposeful Planning. A Purposeful Plan starts with knowing what you want out of your investments. An investor’s goals or plan can be very simple or complex, but it should be well thought out. Continue reading