{"id":69880,"date":"2015-01-29T00:00:01","date_gmt":"2015-01-29T07:00:01","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=69880"},"modified":"2024-02-07T15:54:35","modified_gmt":"2024-02-07T22:54:35","slug":"2015-01-29-introducing-wholesaling-calculator","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2015-01-29-introducing-wholesaling-calculator","title":{"rendered":"Introducing: The BiggerPockets Wholesaling Calculator (and Cash Buyer Reports!)"},"content":{"rendered":"<p>Let me tell you what bothers me.<\/p>\n<p>Crappy wholesalers.<\/p>\n<p>They are everywhere!\u00a0They send over terrible deals, add huge mark-ups, and then try to pretend it&#8217;s something great. But the fact is: they have no idea what they are doing.<\/p>\n<p>At BiggerPockets, we wanted to change that.<\/p>\n<p>It&#8217;s been almost a year in the making&#8230; and we&#8217;re super excited to finally announce&#8230;. today we are officially launching the much-anticipated &#8220;<a href=\"https:\/\/www.biggerpockets.com\/wholesaling-calculator\" target=\"_blank\" rel=\"noopener\"><strong>BiggerPockets Wholesaling Calculator<\/strong><\/a>&#8221; 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!<\/p>\n<p>Trying to find the ideal &#8220;maximum allowable offer&#8221; 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&#8217;s worth.<\/p>\n<p>And most of the time they are wrong and end up looking like idiots to their cash buyers.<\/p>\n<p>Not anymore.<\/p>\n<h2>Be More Accurate<\/h2>\n<p>The <a href=\"https:\/\/www.biggerpockets.com\/wholesaling-calc\" target=\"_blank\" rel=\"noopener\">BiggerPockets Wholesaling Calculator<\/a>\u00a0is unlike anything you&#8217;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&#8217;t need to be a seasoned\u00a0wholesaler to get accurate numbers, you just need to do the math. The new<a href=\"https:\/\/www.biggerpockets.com\/wholesaling-calculator\" target=\"_blank\"> wholesaling calculator<\/a> does just that- while helping you learn just how to analyze and do your deals.<\/p>\n<p>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 &#8211; it doesn&#8217;t make sense to talk about rental income. And if you are trying to wholesale a home to a Rental Property Owner, it doesn&#8217;t make much sense to talk about the flip! \u00a0So we actually built TWO totally different streams within the <a href=\"https:\/\/www.biggerpockets.com\/wholesaling-calculator\" target=\"_blank\" rel=\"noopener\">BiggerPockets Wholesaling Calculator<\/a> to help you pick the version that makes sense for your buyer. This way &#8211; your cash buyer will get to see exactly what they need to make a decision.<\/p>\n<p>Rather than try to explain exactly how the BiggerPockets Wholesaling Calculator works, check out the following video that explains everything!<\/p>\n<p><iframe loading=\"lazy\" src=\"\/\/player.vimeo.com\/video\/118087577\" width=\"760\" height=\"428\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h2>Look More Professional<\/h2>\n<p>Want to look like a pro to your cash buyers? Then be prepared!<\/p>\n<p>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&#8217;s how one cash buyer\u00a0(J Scott, author of <a href=\"https:\/\/www.biggerpockets.com\/flippingbook\" target=\"_blank\" rel=\"noopener\">The Book on Flipping Houses<\/a>)<\/p>\n<p>\u201c<em>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. \u00a0This calculator captures not just the bottom line financials, but the details that factor into the bottom line. \u00a0If a wholesaler were to provide me this type of report as part of a potential deal, I\u2019d 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.<\/em>\u201d<\/p>\n<p>I think that sums it up quite nicely. If you want to sell your wholesale deals to a cash \u00a0buyer- \u00a0you need to give them all the facts to make a decision. The BiggerPockets Wholesaling Calculator does just that.<\/p>\n<h2>How Much Does It Cost<\/h2>\n<p>EVERYONE gets to try out the calculator for free up to five times- so <a href=\"https:\/\/www.biggerpockets.com\/wholesaling-calculator\" target=\"_blank\" rel=\"noopener\">head over there right now<\/a> and check it out.<\/p>\n<p>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&#8217;t have the ability to print the PDF Reports to give to cash buyers.<\/p>\n<p>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 &#8211;\u00a0it&#8217;s like getting 2 months free!)<\/p>\n<p>Upgrade today at <a href=\"http:\/\/www.BiggerPockets.com\/pro\" target=\"_blank\" rel=\"noopener\">BiggerPockets.com\/pro<\/a> and let the world know you are serious about your investing.<\/p>\n<p>If you have any questions about the wholesaling calculator, don&#8217;t hesitate to ask. You can email us at support@biggerpockets.com any time, or leave a comment below!<\/p>\n<p>Happy investing!<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let me tell you what bothers me. Crappy wholesalers. They are everywhere!\u00a0They send over terrible deals, add huge mark-ups, and then try to pretend it&#8217;s something great. But the fact [&hellip;]<\/p>\n","protected":false},"author":710,"featured_media":69895,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7390],"tags":[],"class_list":["post-69880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-acquiring-property"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/69880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/710"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=69880"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/69880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/69895"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=69880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=69880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=69880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}