Yes it’s always nice to create a tool that is useful in all markets…but I agree with you…nowadays a quick sale is better.

“Next you’ll see the output for when I sell, the worksheet spits out gross profits for sales prices of 80% of appraised value growing in 5% steps up to 100%. So I can see what my profit potential is if I “hold out” for a higher sales price…or cut the home for a quick sale.”

I bet that is a tough call. Especially considering the housing market of today. I would probably be more inclined to actually sell right away. Thanks!

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I use it to decide if a “hard money” or private investor structure is possible. These deals are my version of “no money deals” I typically use for cash foreclosure buying, REO buying, or “Don’t Wanter” buying of all kinds.

Rob K. Blake

PS: I can’t stress enough how having a few private guys who “know” you…that can make common sense decisions quickly will improve your RE investing. Train them to make quick, preliminary decisions…just from this worksheet, knowing if you get the deal under contract…you’ll followup with a full due diligence package and financial.