S1E94 - Real Estate Deal Evaluation Checklist

Joseph discusses the challenges and opportunities in various real estate markets, particularly in upstate New York cities like Rochester, Syracuse, and Buffalo. He notes that while these markets offer good returns on investment, they come with the drawback of being less landlord-friendly. Joseph and Stephen then discuss the importance of thorough due diligence when evaluating properties, including checking for flood zones, mine subsidence, and sewer line conditions.They emphasize the need for investors to avoid complacency, consider long-term trends, and factor in substantial maintenance and vacancy costs when analyzing deals. The conversation concludes with a discussion on the difficulties of assembling a reliable team of experts in markets like Scranton, Pennsylvania, highlighting that good numbers alone don't guarantee success in real estate investing. Contact Our Sponsors=================Perkitech - https://perkitech.com/Built Lending - https://www.built-lending.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Built Lending - https://www.linkedin.com/in/josephvscorese/Contact Us===========Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/Email - [email protected]