30 day Analyzing Deal Challenge

[QuoVadis Gates]

Brandon Turner @BrandonTurner consistently ask of us listeners of PB podcast and webinars to Analysis deal, so for the next 30 consecutive days I'm going to analyze deals by hand to brush up and become well rounded in my investment pursuits. 

{I've invested without running numbers in the past, it wasn't the best of my decisions.} 

Here is a long hand template that I'll use:

= Analyze Deals:

• Identify:
• Property
• Price:
• Acquire:
• Down Payment
• Closing Cost
• Loan
• Transfer Stamps
• Taxes:
• Rehab Estimate:
• After repair value:
• Income:
• Monthly Gross:
• Rent
• Parking
• Washer/ Dryer
• Storage
• Advertising
• Expenses: {Fixed}
• Taxes
• Electricity
• Water & Sewer
• PMI
• Garbage
• HOA's
• Insurance {$100}
• Expenses: {Variable}
• Vacancy {5-10%}
• Repairs and Maintenance {8%}
• Cap Ex - {Capital Expenditures} {8%}
• Management {10%}

{Optional}

• Future Assumptions:
• Annual Income Growth: {2%}
• Annual PV Growth: {2%}
• Annual Expenses Growth: {2%}
• Sales Expenses: {9%}

Totals:

• Monthly Expenses:
• Monthly Cash Flow:
• Monthly Income:
• ______________
• Total Cash Needed:
• Cash On Cash Return:
• ROI:
• Cap Rate:

[Erin Dorsey Robinson]

By hand? Admirable! But why? My dad always says time is our greatest asset and we don't know how much of it we even have. Don't know if he made that up or not, full disclosure lol!

I have a really good spreadsheet I could share with you just in case you decide you'd rather spend that time polishing up some other skill that's not as easily automated. In either case, kudos to you for challenging yourself!