Sometimes we feel silly when we look back at how we used to do things, don’t we? I can’t
imagine being tied down with having to calculate offers by hand….by myself….every day. Every.
Frustration + Problem Solving = More Time!
In yesterday’s blog I told you about what led me to create a kick-butt checklist for inspecting
potential rehab projects, but I also mentioned something else…and that is how I used to crunch
the numbers on every deal…by hand! Yup, I literally had one notebook where I’d keep track of
my estimated expenses and profits on deals.
Not very sophisticated, right?
Well, as you can imagine, I got tired of doing that pretty quickly! Then one day it dawned on
What if there were a way to calculate offers FAST and Accurately?
I’ve updated the rehab calculator a few times since then, but what I did was review the last 20
projects we’d rehabbed, averaged out various costs (bathrooms, floors, painting, drywall,
windows, etc.), so that all I had to do was plug-in the quantity, and the calculator would do all
That’s Nice, but How to Calculate the NET Profit, Quickly and Easily?
Once I realized that most all of the expenses on a property are a direct correlation between the
purchase price, ARV, and rehab costs, something amazing dawned on me!
With Just 4 Pieces of Info, The Calculator Gives You the NET Profit!
(It’s hard to explain in an email, so you can get the Rehab Calculator HERE)
Bottom line…after you list the repair items, all you’ve got to do in order to know your exact,
NET profit on a fix ‘n’ flip deal is plug-in the ARV, annual property taxes, and the purchase price,
and then the calculator will show you your EXACT net profit!
Now, Because of the Rehab Calculator, We Can Estimate Repairs AND Calculate an Offer
within 12 Minutes!
Yeah….it’s THAT cool! If you’re even THINKING about rehabbing properties, then you’ve GOT to
get a good handle on your expenses and profit for each deal, and that’s exactly what this calculator will do for you!
Long story short, we use this tool to this day in our business….every day.
It truly made the offer-generating part of the business simple, easy, and accurate!
“How Much Money You Make in Real Estate is a Direct Result of How Many Offers You
Make.” – one of the most important sentences I ever heard, which is why I’m so excited about
this Rehab Calculator that makes the offer-making process super easy!
Anyway….I hope the calculator makes your life easier and gives you more time!
To YOUR Success,
P.S. – Keep an eye open for tomorrow’s email where I’ll tell you the story of how I went from
looking at every house before we made an offer to not