CLIP: The 2 Most Important Indicators of a Good Deal

Neal explains the simple metric he researches to determine whether or not a potential purchase is a good deal; price per square foot.

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From Durable Value Episode 16

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Ryan Swehla:
As we've talked over our friendship, I've heard you always zero in, on price per square foot price and it almost seems like that's the first indicator of if there's any merit to a particular purchases, price per square foot.

Neal Khatri:
And the location. If it's not even where you want it. Forget it. Who cares about the price. Location is number one and the other thing is do what you know best. Don't just say real estate is good because everybody's making money. Anything is good if you know what you're doing. There's tons of types of businesses people run and they're very successful because they stay in what they know.

Neal Khatri:
You can't just jump here and jump there and jump there in large amount of money cause if you get hit, it's tough to come back as you get older, especially 60 years old and says, "I'm going to change my path. I think I'm going to go and do whatever."