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Why Real Estate Investors Have Their Own Investment Criteria

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   Why Real Estate Investors Have Their Own Investment Criteria

Writing down your real estate investment criteria means writing down your needs and wants in
a real estate deal. It means outlining what you are looking for in a real estate opportunity.
Having written criteria can help you grow as an investor and can make it easier for you to land
the best real estate deals.

If you to join the ranks of real estate investors, you might want to have formal written
investment criteria set out for yourself. Putting your investment criteria in writing allows you to
see at once whether possible investment opportunities do or do not fit your future plans. This
allows you to quickly sort through potential opportunities to pinpoint the right ones.

Writing down your investment criteria also hones your focus and ensures that you have an
easier time finding the best possible deals. Having written criteria also allows you to share your
criteria with other real estate investors, so that you can learn from them. If you haven't yet
outlined exactly what your criteria are for selecting an investment property, now's the time to
put pen to paper.
When developing your written criteria, consider when you do not want to make an investment.
What is the bottom line? Do you not want to make an investment at any time if you don't
understand it? Do you want to never make investments that you cannot pay for if everything
goes wrong? Do you never want to make an investment where you cannot handle the worst-
case scenario? Determine your comfort boundaries and the level of risk you are willing to
accept or not accept, and put this in writing.

Next, when developing your written investment criteria, consider what your ideal investment
would be like. What do you do to make sure that your investments are the best possible deals
for you? Do you do a certain amount of research using specific sources? If so, write this down.
Outline on paper the best real estate deal you ever put together. What were the steps you to
that in to be an outstanding investor in that situation? What if you applied the same steps to
every real estate deal you made? Would you generate more success from other opportunities?
If so, outline exactly what you do when you are at your investment best, and add this to your
written criteria. This will help ensure that every deal will at least have the opportunity of
becoming as successful as your best deal ever.

Write down your money criteria. Where are you willing to go for financing? How much capital
are you willing to put at risk? How comfortable do you feel taking risks with your money? What
levels of risk are you willing to take? How are you going to secure your deals? Knowing how
you will handle money is very important to you as an investor.

Finally, and maybe most importantly, outline the standards by which you wish to live as an
investor. What are the ethical boundaries you're not willing to cross? What you want to stand
for as an investor and what sort of person do you want to be as an investor? This may seem
abstract and very much up in the air, but it will help you outline exactly the sort of investment
opportunities you want to capitalize on. The best real estate investors have a code of conduct,
so you should, too.




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