Barebones, New Build, Apartment Analyzer?

6 Replies

Hello everyone,

I have spreadsheets to analyze apartment deals that I want to buy. But I don't have 1 for developing a new project. Does anyone 1 they are willing to share?  I have a potential deal that I want to analyze but I definitely don't want to wing it and none of my current tools can help me analyze this deal.  It would be great to start with a very basic, bare bones spreadsheet...just to see if it's a deal worth pursuing.

Thanks!

Originally posted by @Carey L Rouse :

Hello everyone,

I have spreadsheets to analyze apartment deals that I want to buy. But I don't have 1 for developing a new project. Does anyone 1 they are willing to share?  I have a potential deal that I want to analyze but I definitely don't want to wing it and none of my current tools can help me analyze this deal.  It would be great to start with a very basic, bare bones spreadsheet...just to see if it's a deal worth pursuing.

Thanks!

 My models are all proprietary but Here are a couple of resources for you. https://www.adventuresincre.co... https://www.multifamilymodelin...

Originally posted by @Carey L Rouse :

Hello everyone,

I have spreadsheets to analyze apartment deals that I want to buy. But I don't have 1 for developing a new project. Does anyone 1 they are willing to share?  I have a potential deal that I want to analyze but I definitely don't want to wing it and none of my current tools can help me analyze this deal.  It would be great to start with a very basic, bare bones spreadsheet...just to see if it's a deal worth pursuing.

Thanks!

 Also you really don't need a development model to determine financial feasibility. Your stabilized spreadsheet will work just fine. You need to work it backwards by taking the land cost plus estimated development cost and use that as your total purchase price and then estimate rents and expenses using your model. 

@Greg Dickerson thank your for the links and the advice.  I'm going to have to get a new computer because I've only been using a Chromebook for the past 3 years and it won't work with the complicated Excel documents that have embedded macros.  At least that is what I have found by trying to look at the https://www.adventuresincre.co... spreadsheets in the past.   The one other thing that is different in this deal is that the land is already owned and paid for in full.   Thanks again

@Nick Peters thanks for the link.  I managed to download the file, but it's an .exe and unless I personally know someone who's download this file, I'm afraid I'm too risk averse of malware to open the file.  If it was just a spreadsheet I would feel more comfortable.