G'day all,
Firstly, please excuse me if i have parked this question in the wrong section, i've reviewed them and as this fits in a number of areas, I felt that this was most appropriate; moderator, please redirect if necessary.
My question to the forum is, when your purchasing an investment property, may that be residential or commercial, what various tools do you have available in your toolkit to allow you to make the decision whether the investment presents value from a cashflow perspective or growth perspective.
To highlight the question, I use the following tools:
1. Comparing properties within the area via websites such as Realestate.com
2. RP Data - as a subscriber to this platform, I get the opportunity to look at a bit more information on a specific property
3. Speak to industry specialists - real estate agents, professional investors
Are you using any feaseability calculators, are you using any excel spreadsheets or any other form of process to allow you to form a decision.
Thank you for sharing.
Firstly, please excuse me if i have parked this question in the wrong section, i've reviewed them and as this fits in a number of areas, I felt that this was most appropriate; moderator, please redirect if necessary.
My question to the forum is, when your purchasing an investment property, may that be residential or commercial, what various tools do you have available in your toolkit to allow you to make the decision whether the investment presents value from a cashflow perspective or growth perspective.
To highlight the question, I use the following tools:
1. Comparing properties within the area via websites such as Realestate.com
2. RP Data - as a subscriber to this platform, I get the opportunity to look at a bit more information on a specific property
3. Speak to industry specialists - real estate agents, professional investors
Are you using any feaseability calculators, are you using any excel spreadsheets or any other form of process to allow you to form a decision.
Thank you for sharing.
