You know that answering these questions will take you hours — but you can’t afford to spend several hours analyzing every deal you get. You need to be able to do it in 10 minutes or less. The more deals you can analyze quickly, the more likely you’ll find the deal that will work for you.
When I first got started, I created my own spreadsheet, but it took me four hours to analyze a deal to calculate my maximum purchase price. I even bought some analysis software but I couldn’t customize them to suit my needs. It was holding back my ability to analyze lots of deals quickly. And I knew I had to look at a 100 deals before I would find the one that worked!
The Syndicated Deal Analyzer has helped me reduce my analysis from 4 hours to just a few minutes so that I can come back with an acceptable offer price. It lets you analyze more deals in a shorter period of time. This allows you to quickly dismiss the deals that won’t work and find the deals that will.
Since the asking price of most buildings don’t meet our buying criteria, it’s not enough to say “this deal won’t work for me.” You need to be able to get back to the seller and be able to say “this deal won’t work for me because XYZ, but it would work at this price, and here’s how I came up with that number.”
This immediately starts the negotiation process, lets you test the seller’s motivation, and gets you closer to your next deal. You’ve probably seen a bunch of other calculators, but here are three reasons why the Syndicated Deal Analyzer is different (and… Read more…