Subject-To Deal Analyzer?

[Alison M.]

Hi All,

I am looking for a spreadsheet to help me analyze subject-to deals. If anyone has one they are willing to share please send it on or post in the files section.

I've scoured the BP website looking for this but haven't found one, if it's here then let me know!

Thanks all.
Alison

[Jerry Puckett]

Originally posted by Alison Miller:

I want to buy subject-to, hold for about 6 months to rehab, then sell retail and pay off the note. Do not want to hold as rentals or lease-options of any kind.

The strategy is to have the seller fund the deal rather than a bank or hard money lender. You pay the mortgage, utilities, taxes and insurance for 6 months while you rehab and sell rather than 18% interest only payments and points. Not a bad deal if you can negotiate it. I take it the seller gets something on the back end after the sale?

I'm pretty sure the above mentioned spreadsheet will help you do your deal analysis (http://www.biggerpockets.com/files/user/JasonScott/file/13-rehab-analysis-spreadsheet---basic. Most of your costs will be entered under holding cost.