Are you following your money rules?

I have talked to more then a few people about different deals and what would be good and not so good. I will not tell you if the deal is good for you or not. This is were I will give this phrase ,"how does this deal compare with your money rules?"
If you have never heard the phrase, then I look forward to speaking to you someday to talk about it.
Money rules are the financial guidelines that you have established for your investments. This could be that you will only accept a deal with 20% profit, or buying a cash flow property and not accepting less then $200 per month in positive cash flow. It could be that you will never take more then 25% of investors money on any one deal.
Your money rules can be varied and frankly should be. each deal as you run the numbers you will need to make sure that it work within your money rules.
How is the property performing short term vs the long term?
How is the partnership functioning?
Some money rules you will not be able to define until you have some experience with deals and transactions.
Over the past 10 years, here are some of my rules..
-any investor will receive at least double digit on money invested.
-minimum of $200 per door on SF/ $150 per door on MH per month positive cash flow
-Investor payback within 5 years
-offer 2-3 ways for FSBO to sell house to me

Take a minute and think about what you are willing to accept and what falls below your "line in the sand".
Here is when you get to check yourself if you are being to greedy or expecting more then your share of the pie.
Keep investing and taking action!