OfflineHello DG family, Can anyone tell me how to quickly analyze and assess a deal in today's market ?
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Frank Baez
Analyzing Deals.
Posted on: Tue, 12/20/2011 - 20:06
Hello DG family, Can anyone tell me how to quickly analyze and assess a deal in today's market ?
Frank Baez
by knowing the market VALUES in your area(what homes sell for)
approx repair cost(evaluated by using inspection form)
how much the house WILL sell for quickly(reduced price,not top retail)
once you KNOW these, use your maximum offer form to see if it will work for you profit wise
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
Get the market vaiue from real estate agent comps.
Next subtract about 30% for your investors profits.
Then subtract the rehab cost.
Subtract your fees and that will equal your max offer price.
Take another 10% off for room to negotiate.
This is a simplified way to calculate an offer price when doing a whole sale deal.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Thank you Mike for you input, will develop that practice.
Semper Fi
Frank Baez
Glad for the information will get into a habit of performing this on future deals.
Frank Baez
can anyone tell me who to talk to or what guidelines need to be followed to diy lead paint refurbish.
woody....check the thread you started on lead paint.