Let me tell you what bothers me.
They are everywhere! They send over terrible deals, add huge mark-ups, and then try to pretend it’s something great. But the fact is: they have no idea what they are doing.
At BiggerPockets, we wanted to change that.
It’s been almost a year in the making… and we’re super excited to finally announce…. today we are officially launching the much-anticipated “BiggerPockets Wholesaling Calculator” designed to help wholesalers analyze deals, estimate rehab costs, determine their maximum allowable offer, and create incredibly detailed reports to give to potential cash buyers!
Trying to find the ideal “maximum allowable offer” is difficult. There are so many factors to consider and analyze and the truth is: most wholesalers take the easy way out and simply make a wild guess on a deal’s worth.
And most of the time they are wrong and end up looking like idiots to their cash buyers.
Be More Accurate
The BiggerPockets Wholesaling Calculator is unlike anything you’ve seen before. Simple walk through the easy-to-follow steps and discover exactly how much you should offer on your next wholesale deal. You don’t need to be a seasoned wholesaler to get accurate numbers, you just need to do the math. The new wholesaling calculator does just that- while helping you learn just how to analyze and do your deals.
One of the most unique aspects of this calculator is the ability to make different reports for different kinds of cash buyers. If you are trying to wholesale a property to a House Flipper – it doesn’t make sense to talk about rental income. And if you are trying to wholesale a home to a Rental Property Owner, it doesn’t make much sense to talk about the flip! So we actually built TWO totally different streams within the BiggerPockets Wholesaling Calculator to help you pick the version that makes sense for your buyer. This way – your cash buyer will get to see exactly what they need to make a decision.
Rather than try to explain exactly how the BiggerPockets Wholesaling Calculator works, check out the following video that explains everything!
Look More Professional
Want to look like a pro to your cash buyers? Then be prepared!
With the BiggerPockets Wholesaling Calculator, you are able to print PDF reports to give to your cash buyer, showing them everything they need to see to make a great decision. Here’s how one cash buyer (J Scott, author of The Book on Flipping Houses)
“As a serious rehabber who has purchased hundreds of deals (many from wholesalers), I know what information is important for wholesalers to consider and convey to their end-buyers. This calculator captures not just the bottom line financials, but the details that factor into the bottom line. If a wholesaler were to provide me this type of report as part of a potential deal, I’d have all the information I needed at my fingertips to make a determination of whether the deal fit my criteria and whether I should move forward on my personal due diligence.”
I think that sums it up quite nicely. If you want to sell your wholesale deals to a cash buyer- you need to give them all the facts to make a decision. The BiggerPockets Wholesaling Calculator does just that.
How Much Does It Cost
EVERYONE gets to try out the calculator for free up to five times- so head over there right now and check it out.
For those who are BiggerPockets Pro Members, the calculator is 100% included in your membership for unlimited use! This also applies to Plus members, BUT you don’t have the ability to print the PDF Reports to give to cash buyers.
If you are not yet a Pro member, now is a GREAT time to sign up. BiggerPockets Pro is just $29 a month (or less than $25 a month when you pay annually – it’s like getting 2 months free!)
Upgrade today at BiggerPockets.com/pro and let the world know you are serious about your investing.
If you have any questions about the wholesaling calculator, don’t hesitate to ask. You can email us at [email protected] any time, or leave a comment below!
Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.