Evaluate a real estate opportunity before committing capital.

Define the property type, geography, condition, acquisition limit, capital available, timeline, intended use, and exit strategy.

State the assumptions that must be true for the opportunity to work and identify who can verify each one.

Set walk-away conditions before negotiations make the property feel emotionally or strategically irreplaceable.

Include acquisition costs, financing, interest, insurance, taxes, utilities, permits, professional fees, construction, carrying time, leasing or selling costs, and reserves.

Use ranges and downside cases instead of treating one rent, renovation, or resale number as certain.

Confirm tax treatment, entity structure, contracts, and securities or partnership questions with qualified legal and tax professionals.

Review title, access, zoning, occupancy, leases, permits, code issues, environmental conditions, utilities, flood considerations, structure, systems, and renovation scope as applicable.

Obtain contractor, inspector, engineer, environmental, lender, insurance, property-management, or attorney input when the risk falls outside brokerage expertise.

Confirm who will manage construction, documentation, draws, tenant matters, marketing, sales, and reporting—and what happens if the schedule slips.

For resale, test price, selling costs, buyer pool, completion standard, seasonality, and holding-period assumptions.

For rental, test achievable rent, vacancy, turnover, repairs, management, compliance, utilities, reserves, and refinancing assumptions.

For land or development, evaluate zoning, entitlement, access, utilities, environmental constraints, community context, infrastructure, and specialist costs before assigning value to future potential.