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Property Analyzer - Rehab (Fix and Flip)

The Property Analyzer tool inside REI BlackBook can be used to analyze different types of real estate investing deals. Follow the instructions below to learn how to run a rehab scenario in the Property Analyzer.

  1. From your account's Dashboard click on Deals and select Property Pipeline from the drop down menu.
    Screen_Shot_2019-03-05_at_23.25.32.png

  2. Select the property that you want to analyze by clicking on the property address.
    Screen_Shot_2019-03-05_at_23.27.55.png

  3. Click on the Analyzer tab.
    Screen_Shot_2019-03-05_at_23.28.16.png

  4. Click on the Acquisition tab.
    Screen_Shot_2019-03-05_at_23.28.52.png

  5. Under What are your purchasing assumptions, choose Fix & Flip.
    Screen_Shot_2019-03-05_at_23.28.52.png

  6. The ARV value will be filled in from the average of the comparables selected in the Sale Comps.
    Screen_Shot_2019-03-05_at_23.46.56.png

  7. Set the Purchase Price by adding the Maximum Allowable Offer and Net Investor Profit you got from filling out the Wholesale option as seen in this tutorial.
    Screen_Shot_2019-03-05_at_23.46.56.png

  8. Select financing strategy between: ConventionalHard Money/Private LendingLine of Credit or Own-Clear
    Screen_Shot_2019-03-05_at_23.46.56.png

    *Note: 
    For this example, we'll use hard money/private lending (used for short term fix & flip strategies).

  9. Fill out the following fields:
    Screen_Shot_2019-03-05_at_23.46.56.png

    • Loan Amount - purchase price
    • Amortization (mo) - loan duration in months
    • Interest rate
    • Closing Cost

  10. Additional fields below can be used for a loan extension after the initial amortization has expired or if a different loan will be acquired after the termination of the initial loan.
    Screen_Shot_2019-03-06_at_00.07.04.png

  11. Scroll back up and click on the Expenses tab.
    Screen_Shot_2019-03-06_at_00.09.59.png

  12. Fill out the form as needed.
    Screen_Shot_2019-03-06_at_00.11.46.png

  13. Click on the Exit tab.
    Screen_Shot_2019-03-06_at_00.09.59.png

  14. Enter the Holding Period (mo) and Closing Costs.
    Screen_Shot_2019-03-06_at_00.14.40.png

  15. Click on the Reports tab and click on the Executive Summary (View) link, this gives you a quick overview in a professional layout of all the information related to your fix & flip.
    Screen_Shot_2019-03-06_at_00.26.21.png

  16. Click on the save/print icon to open the report in PDF format.
    Screen_Shot_2019-03-06_at_00.26.21.png

You have successfully ran a property analysis on a fix and flip deal. If you have any questions or concerns about the information above please contact us at support@reiblackbook.com

 

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