All Forum Posts by: Ryan Copeland

@Tim Herman thanks for the feedback. Let me go rework these numbers so I can get a clearer picture.  It's not looking really promising though.

Hello BP Community,

I've found an off-market deal for my 1st investment property. I need your help analyzing this deal. I will be looking to BRRRR. (SFH, 3BR, 2BA, 1541 sq ft)

I've done a walkthrough of the property and it needs a full rehab. That includes: bathrooms, kitchen, flooring, paint, misc. The roof is new, hot water heater looks okay, AC unit seems to have some age, the electrical panel is labeled (so I think that's good). Home was built in 1988 and hasn't been updated. The owner says he owes 82k and would just need to be able to walk away from it. Below are some numbers.

• 82k = purchase price
• 30k = rehab
• 04k = closing costs
• 116k = total project cost
• 130k = ARV
• 52k = total cash needed at closing

Please see the link to the deal analysis for full details. I'm looking to see if I should pull the trigger on this one. It's close to a really good school zone and like 1 street away from shopping, groceries, fast food, etc.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

@Robert Herring sounds good. Give me a heads up next time you're in town.

@Christian Walker help your dad man. Money is good, but family is more important. I'm sure he made sacrifices for you during your life, now it may be time to return the favor. If you can't convince him to do 50/50, then find some type of compromise. Maybe partner with him on just a few deals. Help, but don't sink yourself.

@John Mucilli thanks for the feedback. I'm going to try it out. I'm just getting started with REI so I'm looking for something to get me off market deals. Using the MLS hasn't been getting it.

@Stephen Akindona, I'm following up on you using the DealMachine app.  What's the verdict after using it for 1 year?

@John Mucilli did you get the Basic or the Professional package? I am about to get it and give it a shot. Trying to determine which option I want to go with.

@Charles Willie Harris, what do you think about Deal Machine now after 6+ months of usage?  Also, did you get the basic or the premium package?

So it sounds like there are 3 options for Driving for Dollars apps:

1. Deal Machine

2. Investor Prop

3. Propelio

I've been trying to read threads to see which app people use.  The one most commonly mentioned is Deal Machine.

@Faraz Tariq I sent you a private message with some links to before and after videos.