The Wholesaling Spreadsheet
The Easiest Way to Analyze Deals, Calculate Rehab Costs & Create Marketing Materials to Sell Your Wholesale Deals Fast!
Take A Look At What's Included...
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The Wholesaling Spreadsheet - Click Here To Download The Free Demo
After finding a motivated seller your next step is determining what you should offer them for their house and that's when you need The Wholesaling Spreadsheet. Let's walk through the steps of a wholesale real estate transaction and show you exactly how the wholesaling spreadsheet will help you close more deals and make more money...
What Is The MAO (Maximum Allowable Offer) And How Do I Calculate It ?
Determining The Maximum Allowable Offer (MAO) - Many new wholesalers ask what the meaning on MAO is and it's important to know. The maximum allowable offer is probably the most important formula in real estate wholesaling because its the number that will guarantee you making a profit on your deal and greatly minimize your risk.
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Here’s the simple steps for determining your Maximum Allowable Offer:
An example: If you find a home that’s worth $100,000 dollars fixed up, take $100,000 and multiply it by .7 (70%), which equals $70,000 dollars. Let’s say the house needs $20,000 in repairs and you want to make a $5,000 assignment fee. $70,000 minus $25,000 leaves you with a MAO of $45,000. |
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The most you could ever pay for the house is $45,000, This is your Maximum Allowable Offer or MAO
$100,000 – After Repair Value
X .07 – (20% Profit and %10 for closing and holding costs)
$70,000
-$20,000 – In repairs
-$5,000 - Assignment Fee
$45,000 – Maximum Allowable Offer
The Wholesaling Spreadsheet will quickly help you calculate your real estate rehab costs, assignment fee and comparable comps to quickly help you determine what your offer should be for the property. So if you're new to the wholesaling business or just not confident of your rehab estimating skills download your free demo of The Wholesaling Spreadsheet
$100,000 – After Repair Value
X .07 – (20% Profit and %10 for closing and holding costs)
$70,000
-$20,000 – In repairs
-$5,000 - Assignment Fee
$45,000 – Maximum Allowable Offer
The Wholesaling Spreadsheet will quickly help you calculate your real estate rehab costs, assignment fee and comparable comps to quickly help you determine what your offer should be for the property. So if you're new to the wholesaling business or just not confident of your rehab estimating skills download your free demo of The Wholesaling Spreadsheet
The Wholesaling Spreadsheet - Click Here To Download The Free Demo
How Do I Calculate Rehab Costs On An Investment Property?
Calculating Real Estate Rehab Costs - Maybe one of the most difficult things for a new real estate wholesaler to learn is how to accurately estimate renovation costs, and as I mentioned above the rehab cost is very important when estimating your MAO (maximum allowable offer). So the big question is if you have no construction or rehab experience how can you estimate the cost? here are a few suggestions...
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Partner Up With A Rehab Contractor - Find a reputable rehab contractor in your area to estimate the rehab costs for you in exchange for referring them to the buyers of your wholesale deals. Worst case scenario offer to pay them $50.00 for each estimate you have them do. (this is also a great way to start building your network)
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Take Your Buyers Rehab Guy - If you have a investor already picked out that you plan on selling the property to ask if their rehab guy can meet you at the property to estimate the repairs. Tell your buyer you don't do this with everyone but you you'd like to build a close relationship with them because you like how they do business (sincere flattery works wonders)
Get The Wholesaling Spreadsheet - C'mon you knew I was going to suggest it but its true.. The wholesaling spreadsheet can help you quickly and accurately estimate your investment property rehab costs which is one of the key factors in determining what to pay and sell your wholesale deal for. Seriously get the tools you need to wholesale real estate the right way and click below to download your free demo of the wholesaling spreadsheet.
Get The Wholesaling Spreadsheet - C'mon you knew I was going to suggest it but its true.. The wholesaling spreadsheet can help you quickly and accurately estimate your investment property rehab costs which is one of the key factors in determining what to pay and sell your wholesale deal for. Seriously get the tools you need to wholesale real estate the right way and click below to download your free demo of the wholesaling spreadsheet.
The Wholesaling Spreadsheet - Click Here To Download The Free Demo
How Do I Market The Property To Real Estate Investors?
Marketing A Wholesale Deal To A Real Estate Investor - Let me be blunt... Investors don't want to waste time looking at a property that's not a "deal" so don't waste their time if its not. The only thing you accomplish is aggravating them.
Now with that said you've just read how to calculate your maximum allowable offer and then we talked about how to calculate your rehab cost estimate. You've looked at the property, crunched the number and hopefully got your offer accepted. Now it's time to market your wholesale real estate deal to some property investors.
When you send your deal out the investor wants to see all the information at a glance. Price, Property Information, Tax Information, Proforma, ROI, Property Repair Estimate and Photos... Sending them a well prepared package will not only sell your deal quicker but it will set you apart from all the other wholesalers in your area.
The Wholesaling Spreadsheet will help you create a stunning proposal for any real estate investor. If their looking to acquire the property for their rental portfolio you can design your marketing to highlight the benefits of the property as a rental property. But you'll likely have investors that also buy real estate to fix and flip so the wholesaling spreadsheet can also create a rehab marketing package designed just for them.
It doesn't matter what type of buyer you have if you're a professional real estate wholesaler you need to market your properties in the best way possible... You Need The Wholesaling Spreadsheet!
Now with that said you've just read how to calculate your maximum allowable offer and then we talked about how to calculate your rehab cost estimate. You've looked at the property, crunched the number and hopefully got your offer accepted. Now it's time to market your wholesale real estate deal to some property investors.
When you send your deal out the investor wants to see all the information at a glance. Price, Property Information, Tax Information, Proforma, ROI, Property Repair Estimate and Photos... Sending them a well prepared package will not only sell your deal quicker but it will set you apart from all the other wholesalers in your area.
The Wholesaling Spreadsheet will help you create a stunning proposal for any real estate investor. If their looking to acquire the property for their rental portfolio you can design your marketing to highlight the benefits of the property as a rental property. But you'll likely have investors that also buy real estate to fix and flip so the wholesaling spreadsheet can also create a rehab marketing package designed just for them.
It doesn't matter what type of buyer you have if you're a professional real estate wholesaler you need to market your properties in the best way possible... You Need The Wholesaling Spreadsheet!
The Wholesaling Spreadsheet - Click Here To Download The Free Demo
What are you waiting for??? Download The Free Demo
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