Mastering Goliath Filters to Find Vacancy, Equity, and Distress
In the world of real estate investment, identifying properties with the right combination of vacancy, equity, and distress can be a game-changer.
Zach Fitch
Tennessee
, Goliath Teammate
In the world of real estate investment, identifying properties with the right combination of vacancy, equity, and distress can be a game-changer. Goliath's advanced filtering capabilities provide a powerful toolset for investors looking to pinpoint these opportunities with precision. This guide will walk you through the process of leveraging Goliath filters to find properties that meet these criteria, enabling you to make informed investment decisions.
Understanding the Key Metrics
Before diving into the technicalities of using Goliath filters, it's crucial to understand the metrics involved:
Vacancy: Indicates properties that are currently unoccupied. High vacancy rates can signal potential for negotiation or lower purchase prices.
Equity: Represents the difference between the property's market value and the outstanding mortgage. High equity often means the owner has more flexibility in negotiations.
Distress: Refers to properties under financial strain, often due to foreclosure or delinquent payments. These properties can be acquired at a discount.
Setting Up Your Goliath Account
To start using Goliath filters, ensure you have an active account. If you haven't already, register on the Goliath platform and choose a plan that suits your needs. Once your account is set up, familiarize yourself with the dashboard and the filter options available.
Navigating the Goliath Dashboard
Upon logging into Goliath, you'll be greeted by a comprehensive dashboard. Here's how to navigate it effectively:
Search Bar: Use this to input specific locations or property types.
Filter Panel: Located on the left side, this panel allows you to apply various filters to your search.
Map View: Visualize properties geographically to identify clusters of opportunity.
Property List: Provides detailed information on each property that matches your criteria.
Applying Filters for Vacancy
To find vacant properties, follow these steps:
Access the Filter Panel: Click on the "Filters" button on the dashboard.
Select Vacancy Filter: Under the "Property Status" section, check the "Vacant" option.
Adjust Location: Specify the geographic area of interest using the search bar or map view.
Set Additional Criteria: You can refine your search further by adding criteria such as property type or size.
Example Script
```plaintext
Click "Filters" on the dashboard.
Under "Property Status," select "Vacant."
Input desired location in the search bar.
Adjust additional criteria as needed.
```
Filtering for Equity
Identifying properties with significant equity requires a different approach:
Navigate to Filters: Open the filter panel.
Select Equity Range: Under "Financials," input a minimum equity percentage or dollar amount.
Combine with Vacancy: For a more targeted search, combine this filter with the vacancy filter.
Review Results: Analyze the list of properties to identify those with high equity.
Practical Tip
Equity Calculation: Use the formula: `Equity = Market Value - Mortgage Balance`. Ensure the data source for market value is reliable.
Identifying Distressed Properties
Distressed properties often present lucrative opportunities. To filter for distress:
Access Filters: Click on the filter panel.
Select Distress Indicators: Under "Distress Signals," choose options like "Foreclosure" or "Auction."
Combine with Other Filters: Pair with vacancy or equity filters for a comprehensive search.
Analyze Data: Examine the properties for potential investment opportunities.
Framework for Analysis
Foreclosure Status: Check legal status and timelines.
Auction Dates: Note upcoming auction dates for strategic planning.
Owner Motivation: Assess the likelihood of owner negotiation based on distress level.
Combining Filters for Maximum Impact
To maximize your search efficiency, combine filters strategically:
Layer Filters: Start with a broad search, then layer vacancy, equity, and distress filters.
Use Boolean Logic: Apply "AND/OR" logic to refine results. For example, "Vacant AND High Equity" or "Distress OR High Equity."
Adjust Dynamically: Regularly update your filters based on market changes or new data.
Example Workflow
```plaintext
Start with a broad location search.
Apply "Vacant" filter.
Add "High Equity" filter.
Include "Distress Signals" for comprehensive results.
Review and adjust based on findings.
```
Evaluating and Acting on Results
Once you've identified potential properties, it's time to evaluate and act:
Review Property Details: Examine each property's history, financials, and market data.
Conduct Due Diligence: Verify property conditions, legal status, and market comparables.
Engage with Owners: Initiate contact with property owners or agents to negotiate terms.
Plan Acquisition Strategy: Develop a strategy for acquisition, considering financing, renovation, and exit plans.
Checklist for Due Diligence
Title Search: Ensure clear title and absence of liens.
Property Inspection: Conduct thorough inspections to assess condition.
Market Analysis: Compare similar properties to gauge market value.
Financial Projections: Calculate potential ROI and cash flow scenarios.
Leveraging Goliath's Advanced Features
Goliath offers advanced features to enhance your search:
Custom Alerts: Set alerts for new listings that match your criteria.
Data Export: Export data for offline analysis or integration with other tools.
Collaboration Tools: Share findings with team members or partners for collaborative decision-making.
Advanced Tip
API Integration: Utilize Goliath's API for automated data retrieval and integration with proprietary systems.
Conclusion
Mastering Goliath filters to find vacancy, equity, and distress properties is a strategic advantage in real estate investment. By understanding and applying these filters effectively, you can uncover hidden opportunities and make informed decisions. Regularly refine your approach based on market dynamics and leverage Goliath's advanced features to stay ahead in the competitive real estate landscape.
