Before you get into ANY real estate deal, it’s imperative that you KNOW YOUR NUMBERS!

If you’ve listened to the Money Monopolizers Podcast, you’ve heard us say time and time again that “No deal is better than a bad deal”. So Marlon, Alex, how do I know what a good deal looks like?

Glad you asked! We’ve actually put together a Deal Analysis Calculator for you to use as a thank you for being a part of our podcasting journey! This is the actual calculator that we use when analyzing all of our real estate leads.

Using the calculator isn’t all that difficult once you get used to it. There are 3 tabs within it: the Welcome tab, Flip, and BRRRR. The last 2 are where the analyses are done.

You ONLY need to fill in the cells with bold-colored lettering. The other cells will auto-fill for you. 

In the Flip tab, you’ll need to provide all essential information of the prospective lead. These include: Purchase Price, Estimated Repair Costs, After Repair Value (ARV), Hard Money Points (if applicable), Loan Terms, estimated holding costs, etc.

In the BRRRR tab, the process is very similar, except instead of flipping the property, you’ll renting the property out on the back end of the deal. So now you’ll need to provide extra information such as: Refinance terms, Projected Monthly Rent, utilities, etc. 

We’ve allocated for Variable Expenses including: Vacancy, Repairs, Capital Expenditures, and Property Management. This is to protect YOU! Keep in mind that when you own rental properties, things will NOT always be sunshine and rainbows, and you WILL need to have allocated for these expenses when they arise.

We wish you the best of luck using this calculator and if you have any questions about it, reach out to us by either using the Contact Us link on our website, or on social media by using one of the links below!