360. If You Can’t Find Deals, This Is Probably Why - Do This Instead | Office Hours
FEB 19, 202627 MIN
360. If You Can’t Find Deals, This Is Probably Why - Do This Instead | Office Hours
FEB 19, 202627 MIN
Description
<p data-rte-preserve-empty="true" style="white-space:pre-wrap;">Key Takeaways:</p><p data-rte-preserve-empty="true" style="white-space:pre-wrap;">It is rarely the market. Most investors struggle because they look at everything instead of defining what they actually want.</p><p class="" data-rte-preserve-empty="true" style="white-space:pre-wrap;"> Asset type, size, location, zoning, cap rate targets, tenant profile, and condition. The more specific you are, the more seriously brokers will take you.</p><p class="" data-rte-preserve-empty="true" style="white-space:pre-wrap;">A strong investor knows what they will not buy. If a deal hits a hard stop, walk away. There will always be another opportunity.</p><p class="" data-rte-preserve-empty="true" style="white-space:pre-wrap;"> The goal is to shrink thousands of potential properties down to a focused list you can actively pursue.</p><p class="" data-rte-preserve-empty="true" style="white-space:pre-wrap;"> Use simple back-of-napkin numbers to determine if rents and cap rates can realistically support your return targets. If it fails the quick test, move on.</p><p class="" data-rte-preserve-empty="true" style="white-space:pre-wrap;">You only need to fully analyze a handful each year. A strong filter helps you cut 100 opportunities down to the 1 to 5 that actually deserve your time.</p><p class="" data-rte-preserve-empty="true" style="white-space:pre-wrap;">When you present brokers with a clear Buy Box, you look like a closer, not a tire kicker. That alone increases the quality of deals you receive.</p>