Tutorials

3. Purchase Assumptions Tutorial -

  • You can toggle inputs at the top for “Rehab” or “New Construction”
  • You can toggle inputs at the top for “Feet” or “Meters”.
  • You can toggle “Purchase Price” or “Contract Price” – if you’re wholesaling and marketing contracts for sale, you should use “Contract Price” in your marketing
  • The price in Input #1 should include your wholesale fee if you’re wholesaling, as that is the price you’re marketing to your buyers
  • Watch the tutorial to see how to enter Closing Costs and Holding Costs

Comments (13 comments so far)


  1. Donald

    How would you get the ARV without an appraisal?


    • JacobC

      Hi Donald,

      You use comps and you estimate the rehab cost. You can come up with some good numbers that way.


  2. Stephen

    Is there a way to change the default from $1500? Every time I fill out the form, I have to change to my default which is $10,000. Thanks.


  3. harvey davis jr

    wholesaling houses and commercials propertys…..


  4. Mitchell R. Halpern

    I need a little help understanding how to correctly do a wholesale analysis. On the quick offer sheet, I estimated a wholesale profit of $15,000 and the max offer is $204,039. The end buyer cost is $360,750. What purchase price do I use?


    • StefanieK

      Hi Mitchell,

      If you go to do a detailed analysis (through New Deal or My Deals) you take the Max Offer $204,039 + your wholesale profit of $15k.


  5. Mountian Mcheza Maxton

    Thank you for creating this closing cost system. It take all the guesting game out of the equation. I love the fact that I can call my title company and get details cost factors to add in to my offer.

    I’m very Happy that I brought your system. Before I have any questions I need to study all the video training. I believe all of my concerns will be met. Study time now will give me the Quick start that I need to hit the ground running and making offers daily. Massive action is the key to closing deals

    Thank you.

    Mountian

    As a new kid on the block, I look forward to working with you and closing my first 5 transactions..


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  8. Craig MIller

    This is a really helpful tool