Anubhavauthor

The 1% Rule Triage. A deal that sounds "nearly perfect" can monopolize your time. You crunch numbers, send out requests, arrange showings.and, finally, you pull all the facts and discover it won't produce the cash flow you need. This is why shrewd investors quickly triage a deal. They "kill" bad prospects early, while you can fit all the key facts onto one page. Thirty-four-year-old Tanya, a new investor who bought a starter condo to flip, learned this by experience.
A certain house appeared appealing on the online pictures and in the seller's description, but once she collected the basic information, it didn't pass the initial quick math check. She spent a few hours confirming rental amounts, taxes, insurance, and rehab needed, then stopped the process. She didn't make an offer, and didn't engage in weeks of haggling. It spared her valuable time by culling a prospect that never met her objectives.
In this chapter, you'll master the 1% Rule Triage. You'll learn to use the 1% Rule as an early filter so you don't waste time on properties that can't fulfill your investment requirements before digging into detailed due diligence. By the end, you will be able to 1. Figure out the 1% value using actual listing and public data, 2. Choose the appropriate "pass" threshold for your circumstances, and 3.
Avoid common pitfalls that artificially boost a property's 1% number.