Posts Tagged ‘investment properties’
Today I would like to share with everyone the tool that I use to calculate deal. When I started investing, I used to do calculations on paper and that takes me about at least 15 min to figure out if a potential property is a good deal or not. That equates 4 deal analyzed in 1 hour only!! That was a real waste of my valuable time. So I decided to make my own customized software to help me analyzing deals and now I can analyze one deal in as little as 30 sec!! Within 30 seconds, I can find out how much my profit going to be, how much I can refinance the property for, and most importantly, how much do I need to offer to the seller in order for the deal to work. So if I want, I can analyze 120 deals in one hour!!
I have been a real estate investor for 2 years, and through these 2 years my partner and I have successfully invested in 9 deals and analyzed more than 2000 properties. Some are flipping deals, some are wholesale, and some are served as rental property to bring in cashflow. The analysis tool is designed for those of you who are looking for cashflow deals. What I mean is you buy the property with the intention to rent it out to tenants and wishing to collect rent from them. How this software works is you put in the desired amount of cashflow you want to make every month. Then you fill in the potential income, costs for holding the property. After you did that, the software will automatically generate how much you should offer to the seller. You will NOT buy the property if you can’t get the property for the offer amount. If you do, the more you pay, the less profit you will have this deal. So now because you have a system right now to decide if you want the property or not, making an decision about whether or not you should buy a property has become a piece of cake. Since the software has figured out for you how much money you should pay for this property for your desired profit, all you have to do is to make an offer, if they accept the offer lower than your calculated value, you got a great deal. If they reject it, you move on. Imaging how many more deals you have past on because you didn’t know or did have enough time to analyze. Now, you can start making some serious amount of offers to potential properties. Remember, it’s all numbers game. The more house you can make offer on, the more good deal you can find.
Tags: cashflow, investment calculator, investment properties, investment property, making offers, real estate, real estate investment