MIchael Blank Deal Analyzer

Multi-Family and Apartment Investing
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MIchael Blank Deal Analyzer

Kenneth GarrettPro Member
Investor · Florida Panhandle/Illinois · Member since 2016 · 4k+ posts · 3k+ votes

I'm looking to purchase Michael Blank's Syndicated Deal Analyzer.  It looks like its very useful.  Does anyone have any experience using this spreadsheet and how do you like it.  I would appreciate any input.  

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Juan Vargas
Investor · Houston, TX · Member since 2015 · 233 posts · 188 votes
9y

I have it and use it consistently. Highly recommend it. 

5Reply
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  • Juan Vargas
    Investor · Houston, TX · Member since 2015 · 233 posts · 188 votes
    9y

    I have it and use it consistently. Highly recommend it. 

    5Reply
  • Kenneth GarrettPro Member
    OP
    Investor · Florida Panhandle/Illinois · Member since 2016 · 4k+ posts · 3k+ votes
    9y

    @Juan Vargas

    Thanks Juan appreciate the feedback.  It looks like it will be very helpful.

    1Reply
  • Phil Morgan
    Investor · Amherst, OH · Member since 2017 · 79 posts · 43 votes
    9y

    I bought it for $99 and use it on every deal.  Huge help when you need to dig a little deeper into expenses.  If you are looking at multi family properties you will not regret your purchase. 

    4Reply
  • Samuel LynchPro Member
    Realtor · Jacksonville, NC · Member since 2016 · 108 posts · 47 votes
    9y
    Following because I was thinking of it as well. I would like to see what most have to say about it
    0Reply
  • Kenneth GarrettPro Member
    OP
    Investor · Florida Panhandle/Illinois · Member since 2016 · 4k+ posts · 3k+ votes
    9y

    @Phil Morgan

    I just bought it for $99.  It has a tremendous amount of information.  I do like the Deal Package.  The one I developed and have been using is not as detailed.  Thanks for the input.

    1Reply
  • Phil Morgan
    Investor · Amherst, OH · Member since 2017 · 79 posts · 43 votes
    9y

    @Samuel Lynch  I was skeptical at first as well but once I bought it and watched a few of his short training videos I wished I had done it a year ago.  I thought about doing his training and talked to a couple people on here that completed it and were happy but I just couldn't justify the money at this point.  Most of his stuff is based on finding money and that's not an issue I am having at the moment so I didn't think I would get the full benefit from his training.  

    BUT the deal analyzer is worth every penny I spent on it.  If you get it I do not think you will regret it.

    2Reply
  • Daniel HymanBusiness Member
    CPA · Milwaukee, WI · Member since 2016 · 2k+ posts · 1k+ votes
    9y
    Kenneth Garrett My partner and I have found it to be particularly helpful for syndication analysis. We recommend it.
    My Online Accountant572 Reviews
    WebsiteView Page
    3Reply
  • Jennifer Brown
    Rental Property Investor · Fort Worth, TX · Member since 2016 · 65 posts · 32 votes
    9y

    @Daniel Hyman Is this spreadsheet only good if you plan to syndicate a deal or would it also be useful for someone who intends to use their own money?

    4Reply
  • Daniel HymanBusiness Member
    CPA · Milwaukee, WI · Member since 2016 · 2k+ posts · 1k+ votes
    9y
    Jennifer Brown Its a very robust spreadsheet and will definitely suffice for using ones own capital.
    My Online Accountant572 Reviews
    WebsiteView Page
    2Reply
  • Kenneth GarrettPro Member
    OP
    Investor · Florida Panhandle/Illinois · Member since 2016 · 4k+ posts · 3k+ votes
    9y

    @Daniel Hyman @Jennifer Brown

    I've been working through the spread sheet.  The best part is its versatility to run various number schemes.  Whether you use it for syndicating or private funding or your own money it works.  I typically use private funding for my projects so I just adjust the data.  I will eventually need to syndicate so it will be a great tool at that time.  I joined his mastermind as well to have the ability to gather feedback on the various ways to run the numbers.   

    Good Luck everyone and I enjoyed the feedback.  

    3Reply
  • Percy N.
    Developer · Philadelphia, PA · Member since 2015 · 2k+ posts · 904 votes
    9y
    It definitely is good value and will be a good tool for a quick analysis. There are more detailed models out there and over time you may even create your own. At the $99 price point, you can go wrong with it, even if you use it to practice underwriting. There are a few assumptions in the templates I would recommend updating and formulas I would change (e.g. the way the Acquisition fee is calculated in the template is not Industry best practice, IMHO). We used it to underwrite several dozen properties before getting something a bit more sophisticated.
    2Reply
  • Matt Engle
    Investor · Columbus, OH · Member since 2016 · 144 posts · 100 votes
    9y
    Michael Blanks's Syndicated Deal Analyzer is a phenomenal tool! Highly recommend it for analyzing apartment deals.
    2Reply
  • Diogo Marques
    Financial Advisor · Cascais, Lisboa · Member since 2015 · 199 posts · 83 votes
    9y
    Get it. It works
    0Reply
  • Chihiro Kurokawa
    Rental Property Investor · Dallas, TX · Member since 2016 · 63 posts · 71 votes
    9y

    Is this an Excel spreadsheet? I want to know if it's possible to edit it.

    0Reply
  • Kenneth GarrettPro Member
    OP
    Investor · Florida Panhandle/Illinois · Member since 2016 · 4k+ posts · 3k+ votes
    9y

    @Chihiro Kurokawa

    Yes its edible.  You can modify it and plug in your data.  Its very versatile.  Free updates as well.

    0Reply
  • Frank Karako
    Real Estate Agent · San Diego, CA · Member since 2016 · 5 posts · 5 votes
    8y
    What is the typical or best practice way of calculating an acquisition fee?
    Thanks
    Frank

    Originally posted by @Percy N.:

    .......There are a few assumptions in the templates I would recommend updating and formulas I would change (e.g. the way the Acquisition fee is calculated in the template is not Industry best practice, IMHO)......

    0Reply
  • Kenneth GarrettPro Member
    OP
    Investor · Florida Panhandle/Illinois · Member since 2016 · 4k+ posts · 3k+ votes
    8y

    @Frank Karako

    Its typically 2-3%.  It does depend on the deal. 

    0Reply
  • Mike Taravella
    Rental Property Investor · Knoxville, TN · Member since 2017 · 160 posts · 107 votes
    8y

    Thanks everyone for the feedback and @Patrice Penda for introducing me to this tool. Just purchased it and ready to make some moves in the multifamily space!

    1Reply
  • Austin GleasonPro Member
    Realtor · Santa Rosa, CA · Member since 2017 · 7 posts · 0 votes
    8y
    @Phil Morgan
    if you don’t mind me asking and if you can recall at the time, what was the approximate cost for his training??? I have a scheduled appt in a week to discuss strategies and am seriously considering going this route to get started. I have never done a deal but want to go strait into multi family and his training is where I think I would like to start

    Originally posted by @Phil Morgan:

    @Samuel Lynch  I was skeptical at first as well but once I bought it and watched a few of his short training videos I wished I had done it a year ago.  I thought about doing his training and talked to a couple people on here that completed it and were happy but I just couldn't justify the money at this point.  Most of his stuff is based on finding money and that's not an issue I am having at the moment so I didn't think I would get the full benefit from his training.  

    BUT the deal analyzer is worth every penny I spent on it.  If you get it I do not think you will regret it.

    0Reply
  • Phil Morgan
    Investor · Amherst, OH · Member since 2017 · 79 posts · 43 votes
    8y

    @Austin Gleason I purchased the deal analyzer by itself, without the training. I decided not to do the training but once I run out of capital and want to syndicate I will probably consider his training program to help that process. 

    0Reply
  • Lane Kawaoka
    Rental Property Investor · Honolulu, HAWAII (HI) · Member since 2011 · 4k+ posts · 2k+ votes
    8y
    I like it especially the sensitivity analysis on the occupancy and cap rates.
    0Reply
  • Ellis HammondPro Member
    Investor · Leawood, KS · Member since 2017 · 178 posts · 108 votes
    8y

    @Kenneth Garrett my partner @Jonathan Wiener uses it. He likes it a lot. reach out to him for more info. he can give you better answer but what i like is that if the numbers on it make sense @Michael Blank will fund your deal! What a guy!

    0Reply
  • Jonathan D.
    Rental Property Investor · Northern Virginia · Member since 2018 · 8 posts · 2 votes
    7y

    I love it and wish I had it years ago. 

    0Reply
  • Richard Miller
    Aubrey, TX · Member since 2014 · 37 posts · 12 votes
    7y
    @Kenneth Garrett hey I was also considering purchasing the Michael Blank Mastermind what are your thoughts now that you've had it for a while? Did you finish it has it helped you make any purchases?
    0Reply
  • Daniel P.Pro Member
    Investor · Winchester, VA · Member since 2017 · 104 posts · 70 votes
    7y

    I highly recommend it! It has saved me tons of time. 

    1Reply
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