REAL ESTATE BOSS — INVESTMENT BUY BOX

Define the decision rules before you evaluate the next opportunity.

1. STRATEGY
- Investment objective:
- Hold period:
- Target property type and market:
- Operating role: active, partnered, or passive

2. FINANCIAL GUARDRAILS
- Maximum purchase price:
- Minimum cash-on-cash return:
- Minimum debt-service coverage:
- Capital reserve requirement:
- Maximum renovation or repositioning exposure:

3. OPERATING FIT
- Required management time:
- In-house expertise needed:
- Key partner or vendor dependencies:
- Liquidity required after close:

4. DOWNSIDE QUESTIONS
- What happens if lease-up or renovations take longer?
- What happens if income falls or costs rise?
- Which assumption changes the decision fastest?

5. DECISION
Write one sentence: This opportunity fits / does not fit our buy box because __________.

A clear buy box protects attention. It turns a story into a decision you can compare, test, and defend.