| A | B | C | D | E | F | G | |
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1 | Instructions On How To Use This Form: https://www.loom.com/share/a049175639934753aff00eae02cf75f3?sid=d508f2c3-fd69-4ff5-a0f4-f3b9dbbde626 | ||||||
2 | Address & Lead Info | What's The Condition Of The Property? | |||||
3 | Today's Date | Subject Property's Livable Interior Square Footage | |||||
4 | Address | 6) Moderate Rehab (Livable, But Needs To Be Fully Remodeled - think 'No rehab last 15 years' - DEFAULT) | |||||
5 | Anticipated Exit Strategy | Repair Inputs | |||||
6 | Lead Source | LOW RANGE - Repair Price $ / SqFt. Estimate | $ 30.00 | ||||
7 | Seller Lead Type | HIGH RANGE - Repair Price $ / SqFt. Estimate | $ 45.00 | ||||
8 | Seller's Primary Motivation for selling | Margin Of Error Buffer for Repairs (20% recommended) | 20% | ||||
9 | Acquisition Details | Repair Estimates | |||||
10 | On or Off Market Acquisition? | LOW RANGE FOR REPAIRS = | $ - | ||||
11 | Wholesale possible? | HIGH RANGE FOR REPAIRS = | $ - | ||||
12 | Novation possible? | ESTIMATED REPAIRS (MEDIAN) = | $ - | ||||
13 | Creative Financing possible? | (NOTE: Values above rounded to the nearest $1,000) | |||||
14 | Occupancy Status? | REPAIR ESTIMATE RULES OF THUMB: | |||||
15 | Leaseback needed? | Low End ($ / SqFt.) | High End ($ / SqFt.) | ||||
16 | # Days needed for the Leaseback? | 10) Move-In Ready (Very Rare! - EXCELLENT) | $ 4.00 | $ 7.00 | |||
17 | Lockbox needed? | 9) Minor Touch Ups Only (Near Perfect Condition - GREAT) | $ 7.00 | $ 10.00 | |||
18 | Professional Inspections needed? | 8) Very Light Renovation (Great Condition, But Needs A Few Upgrades - GOOD) | $ 10.00 | $ 20.00 | |||
19 | Pictures needed? | 7) Cosmetic Renovation (Good Condition, But Just a Little Outdated - FAIR) | $ 20.00 | $ 30.00 | |||
20 | Property Clean Out needed? | 6) Moderate Rehab (Livable, But Needs To Be Fully Remodeled - think 'No rehab last 15 years' - DEFAULT) | $ 30.00 | $ 45.00 | |||
21 | Are we paying for the Clean Out? | 5) Major Rehab (Ugly, But Livable - think 'Grandma's House, No rehab last 30 years, but clean' - POOR) | $ 45.00 | $ 65.00 | |||
22 | NOI needed? | 4) Significant Rehab (Ugly & Unlivable - think 'Grandma's House + hoarder' - GROSS) | $ 65.00 | $ 80.00 | |||
23 | Disposition Details | 3) Extensive Rehab + Some Structural (Full Gut Job - YIKES) | $ 80.00 | $ 100.00 | |||
24 | Disposition Agent | 2) Major Structural Repairs + To The Studs Rehab (DAMN, THAT'S REALLY BAD) | $ 100.00 | $ 130.00 | |||
25 | Type Of Dispo. Listing | 1) Tear-Down & Rebuild (Nothing Salvageable) | $ 130.00 | $ 170.00 | |||
26 | Does it need to be Listed in the MLS? | Minimum Revenue Requirements By Deal Type | |||||
27 | Realtor to use if doing a Novation / Wholesale on MLS | Assignments / Double Closings | $ 21,000.00 | Novations | $ 21,000.00 | ||
28 | Types of Financing We'll Accept | Renovate To Sell (i.e. novation fix & flip) | $ 25,000.00 | Wholetails | $ 40,000.00 | ||
29 | Additional Info About Deal / Seller | Flips | $ 60,000.00 | Wrap Down Payment | 10% of Sale Price | ||
30 | Anything else we should know about the deal or the Seller? | ||||||
31 | |||||||
32 | |||||||
33 | Likelihood a Price Reduction or conversion to a Novation or Creative Financing deal is needed? | ||||||
34 | |||||||
35 | Financials | ||||||
36 | ARV | $ - | |||||
37 | As-Is Value | $ - | |||||
38 | Est. Repairs Needed to hit ARV (for internal purposes only) | $ - | |||||
39 | Repairs Description for Marketing Purposes | ||||||
40 | Seller's Asking Price | ||||||
41 | Our Purchase Price that we're Under Contract to buy it for | ||||||
42 | What will Our Asking Price be when we go to sell it? | $ - | |||||
43 | End-Buyer's All-In Price with Repairs as % of ARV | #DIV/0! | |||||
44 | Projected Gross Revenue (if selling) | $ - | |||||
45 | Projected Monthly Cash Flow (if keeping as rental / wrap note) | $ - | |||||
46 | If we're taking it down ourselves, please provide the following: | ||||||
47 | Which Lender are we getting the loan from? | ||||||
48 | Which Realtor do you want to list it with? | ||||||
49 | Sold Comps | Sold Price | Square Footage | Sold $ / Square Foot | Sold Date | Total Days On Market until Sold | |
50 | Comp #1 | ||||||
51 | Comp #2 | ||||||
52 | Comp #3 | ||||||
53 | Comp #4 | ||||||
54 | Comp #5 | ||||||
55 | AVERAGES: | 0 | |||||
56 | Rent Comps | Rented Price | Square Footage | Rented $ / Square Foot | Rented Date | Total Days On Market until Rented | |
57 | Comp #1 | ||||||
58 | Comp #2 | ||||||
59 | Comp #3 | ||||||
60 | Comp #4 | ||||||
61 | Comp #5 | ||||||
62 | AVERAGES: | 0 | |||||