All Forum Posts by: Jeff Weissman

Yes, but no reponse!

I just created my first property listing. I linked to some photos, but they don't appear in my listing at all. Can you help?

Dear franksr25,
I'll try to attach the Excel spreadsheet. If it works, take a look! I'd love to hear your reaction to the question of whether the formulas & analysis are accurate!

I am looking for financing to purchase a 2+1.5 townhome; 1178 sq. ft., 1984 construction available for me to purchase @ $84,000; estimated necessary repairs = $4k. Estimated fair market rent = $1200/mo. Alternative strategy = Lease-to-Own tenant @ $1500 w/ an option at $185k in 24 mos. I have 20 comps, all sold since January, all within 5 mi. that average $196,943.
I've been with same employer for 12 years, home owner of same ppty for 27 yrs., seasoned investor w/ 13 income pptys in 3 states. Can provide full doc. Looking for max. LTV loan product (non-owner occupied), no PPP, max. 30-day close.
Can anyone help?

Well, lots of looky-loos on this thread, but no replies. I ended up designing my own spreadsheet that seems to provide me with fairly reliable estimate of net profit after I plug in 3 numbers: sq. ft., est. ARV sq. ft., and target PP (based on comps). I'd love to share this spreadsheet with anyone willing to invest a little time auditing it for accuracy and working with me to improve it. Any takers????

Anybody out there who is an experienced rehabber willing to share an accurate, modifiable Excel spreadsheet with me? I'm looking at lots of houses ripe for rehab & need a quick & accurate way to evaluate them in order to decide whether to invest more time to hone the numbers, decide if there's sufficient profit to be made, and make an offer. I'd like to be able to plug in a house's sq. footage, the price per sq. ft. I can expect to sell for (based on my analysis of comps/BPO/CMA), my MAO (max. allowable offer) or PP, the private equity financing costs coupled w/ my down payment, my estimate of rehab cost and have the formulas in place so the spreadsheet will calculate approx. before tax net gain on the deal both in hard dollar terms and in % ROI.
I've looked, but haven't found any decent, free, online spreadsheets or calculators to do this. Stayed up most of the night last week trying to design my own, but lacking an accounting or finance background found the task daunting!
Any help with this would be much appreciated!!! Thanks in advance!!! :D

In addition, I called the woman at my local title company with whom I've worked on several deals recently closed and flat out asked her if I could have access to their database to run my own comps (assuring her that when I find my next deal I will certainly bring it to her for escrow & title). She said yes & hooked me up with a colleague who handles their database. I expect to have the password this week!

Dear wholesalepro,
I, too , would be very interested in receiving from you the list of sites for calculating ARV as well as info about your mentoring services. Thanks!!!

Dear Ned,
Thank you so much for the tips!
I love this website!

Thanks, Nationwide.
I know that email/fax, etc. has largely broken down geographical barriers, but (call me old fashioned), I'd still like to be able to shake his or her hand & speak face-to-face when necessary. So, I'll keep looking locally. I do, however, appreciate your offer for the referral.
BTW, check out my post in the "Deals..." forum: "14.3% Cap Rate, 43% Cash-on-Cash SFR in Jackson, MS"