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Step 3

Workshop Workbook

Your working document for the live session — includes the deal analysis calculator so you can run the numbers on a real property in real time.

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Your Name
The Property — Steps 1 & 2
Step 1: Check the listing, the price, and whether the house has comparables so you can determine the real equity. Step 2: Confirm it is still available.
The Numbers — Steps 3 & 4
Step 3: Walk the house with someone experienced in renovation to estimate the repair cost. Step 4: Calculate your ROI so you know what you will actually earn.

Deal Analysis Calculator

Total Investment
$0
Estimated Profit
$0
Return on Investment
0%
Target: 30% or higher
Financing — Steps 5 & 6
Step 5: Submit your offer once you know your profit. Step 6: Be pre-qualified with a lender so the numbers work on both the purchase loan and the renovation loan. Your margin should be above 30%.
Contract & Closing — Steps 7 to 10
Step 7: Proceed only when you are 100% sure of the numbers. Step 8: Have the contract reviewed and confirm Free and Clear title, then place your deposit. Step 9: Send the signed contract to your lender the same day so you can close in under 15 days. Step 10: Sign at the title company, review the HUD, make the closing payment.

We will review your numbers before the workshop so we can address your deal directly on September 7.