Postings DEALS and Posting NUMBERS

I am writing this post as a reminder to some but a a reference for others.

Early on, when I joined this site and big part of it was the posting of your "DEALS" to show others what you were doing. This gave us all a very clear picture of houe to acquire properties and we could use it as a reference. I have noticed as of late that people are still posting their "deals" but WITHOUT posting the specifics of the transaction.

When posting about a deal please include the "numbers". This would mean purchase price, payment, rental amount, lease amount, info on how you obtained it - REO, Tax Sale, Gifted, Lease-Option, etc.

If you do the numbers it will help other see how they should proceed and it also keeps the methods of determining value, cashflow and repairs as well, fresh in the mind.

I try to post as many numbers on the deals I do as possible. It not only helps other, it also helps me. It keeps me on my toes while looking at other properties because when you post the number you get to a point of where you can just do them in your head which makes looking at and making offers on homes a lot more efficient.

Here is an example of what I mean:

Offered = 60,000.00
Countered = 76,000.00
FMV = $79,000.00
My counter = 66,241.00
*****************
ACCEPTED
*****************
Purchase = 66,241.00
Repairs = 8,200.00
Plumbing repair
Hole in roof from limb falling through
Broken side walk
Window replacement
Re-tile Floors and pull up carpet
New bathroom and kitchen fixtures
New Paint and power wash
other minor stuff
TOTAL COST = 74,241.00

Rent = 1475.00 comparable with neighborhood and sq/ft
_________________________________
COST = 66,241.00
Mortgage Note = 505.41 (w/o PMI)
Interest = 7.0%
Note w/PMI = 626.41
CASH FLOW = 848.59

If you would like help on posting the numbers from you latest deal, please contact myself or any other member on the site that has done this before. Happy house hunting and good luck.