All Forum Posts by: Ryan Peters

Trent and Chris - as others have said, this wheel has been invented many times already and there are some great templates available online.  Someone mentioned Michael Blank's Syndicated Deal Analyzer and that would certainly be able to do what you're trying to do.  Another one I like is available for free from Lone Star Capital at lscre.com/resource/underwriting-model.  You could also build your own but you would need some familiarity with Excel for that.  I build financial models in Excel for a living and would be happy to jump on a quick call to point you in the right direction if you'd like.

Thanks guys - I've read through each of your replies several times and am very grateful for your feedback.  It sounds like my suspicions were right and I'm very likely underestimating how long it would take to do that.  A special thanks to Aaron McGinnis for not sugar-coating it and cutting right to the chase:  "you're delusional."  Haha!  I laughed out loud when I read that!

I want to quit my six-figure desk job and swing a hammer for a few months by rehabbing a small single-family house.  Then I want to sell it and move out of state.  Long story, but that's what I want.

To that end, I'm looking for a property right now that needs some work.  A lot of work, actually.  I'm basically envisioning taking it down to the studs and then bringing her back again.  And given my upcoming move, I probably only have 3 months to work on it.  I want to do almost all of the work myself.  Am I delusional or has anyone else actually done this?

Some relevant information is that I used to build new homes with my dad (about 15 years ago).  I think we built 8 or 9 together, so I do know my way around a construction site.  My dad was a good teacher, so I know how to do everything except electrical wiring and plumbing.  However, my dad's nickname for me was "First Gear" because I don't move very fast, sort of like I'm stuck in first gear, he said.  Funny.

Anyway, I'm capable of doing the work and I enjoy it - I'm just worried about my timeline.  My dad and I used to build fairly large new houses in about 4 months together, so I'm using that as a reference for how long it would take me to rehab a fairly small house by myself.  Anybody else been there?

Thanks!

Ryan