DASF Cover Page

Your Name: Your Email: Your Fax: Number of Completed Deals: 1-3 4-7 8+ Your Mentor: Mentor Email: Mentor Fax: Date of Submission:

Seller's last name:

The following items must be submitted to your mentor for review:

Check off the items upon completion:

This DASF Cover Page DASF Summary Page Property Value Analyzer Property Debt Analyzer Exit Strategy Analysis (must complete at least one) Inner Circle Member Comments (optional)
Do Not Write Below This line --- OFFICIAL USE ONLY
Date Received: Info Missing / Required:

Status:

DASF - Summary Page

Row 1 V-

VOWW - Your Critical Components

Property's Conservative (ARV) Value:
(ARV = After Repair Value)

(from row 8)

2 3 4

OWW-

What do they Owe: How much do they Want: The owner is selling Why:

$ $ $

(from row 9) (go on appt)

Appointment Analyzer - (Should I go on the appointment?)

5 6 7 Total Loan Amount (Incl. Arrears) (from row 9) : the Property Value (from row 8) : $ $ =

0% of Loan to Value

>>> If the % of Loan to Value is less than or equal to 80%, go out on the appointment!!

Exit Analyzer
Circle Yes or No for each exit strategy below to indicate whether or not it's a valuable exit to use. If the answer is Yes, enter the purchase price. Finally, enter your top 1 - 2 exit choices at the bottom. This is to be filled out AFTER completing the exit analysis pages for each exit strategy.

Wholesale: Outright Sale: Lease Option: Owner Finance: First Exit Choice: Second Exit Choice:

YES YES YES YES

NO NO NO NO

Purchase Price: Purchase Price: Purchase Price: Purchase Price:

$ $ $ $

(1,000) -

Property Value Analyzer

Address Your Subject Property Active Comparable Properties.. (if you have access to the MLS) 1 2 3 4 5 6 7 Pending Comparable Properties.. (if you have access to the MLS) 1 2 3 4 5 Sold Comparable Properties 1 2 3 4 5 6 7
Is the property listed now?: What price was / is it listed at?: What condition is the property in?: What is needed in repairs? Estimated cost?: When would the seller like to close?: How would you rate the seller's motiation?: Row 8 Not at all Little $ Why?: OK Very Extremely Yes No $ Was it listed previously?: Have you driven the comps?: Yes Yes No No

Yr built

Bd/Ba

Sq ft

DOM

COE

Sale Price

What is your estimated ARV of the property?:

(ARV = After Repair Value)

Property Debt Analyzer

Payment Status: Is there a foreclosure sale date?: Are all the payments current?: Has foreclosure been filed?: Yes Yes No No

1st Loan Amt: Mthly Payment: Arrears on 1st:

$ $ $

Interest Rate =

% Yes No $

fixed or adjustable HOA: $ -

Taxes & Ins incl:

Prepayment Penalty on 1st: $

2nd Loan Amt: Mthly Payment: Arrears on 2nd:

$ $ $

Interest Rate =

% Yes No $

fixed or adjustable HOA: $ -

Taxes & Ins incl:

Prepayment Penalty on 2nd: $

3rd Loan Amt: Mthly Payment: Arrears on 3rd:

$ $ $

Interest Rate =

% Yes No $

fixed or adjustable HOA: $ -

Taxes & Ins incl:

Prepayment Penalty on 3rd: $

Additional liens: $ Tax Liens: $

Total Arrearages:

Row 9 10

Total Loan Amount: Total Monthly Payment:

$ $

Wholesale Exit Analysis

Row 11

Property's Conservative ARV

(ARV = After Repair Value)

> LESS: > LESS:

12 ~

Your Profit

( (

)% )%

(Must be at least 5% of the property value)

13 ~

Your Buyer's Profit

20

(Must be at least 15-20% of the property value)

14 15 ~ ~

Estimated Repair Cost Advertising Costs

(Newspaper, etc this is used to find your buyer)

$ $

16

Closing Expenses
(Account for closing costs and transfer taxes when using a simultaneous closing. This will not apply if you assign the contract)

17

Maximum Purchase Price

Deal or No Deal?? Find Out!:
>>>Enter Fair Market Rent: $________ X 1.2 = $____________ per month

Step 1:

Is the Total Loan Balance:

Maximum Purchase Price: if NO, this is not a wholesale deal

If YES it's a Deal,

What is your final decision?:

YES

NO

Enter your answer on the Summary Page

Outright Sale Exit Analysis

Row 18

Property's Conservative ARV

(ARV = After Repair Value)

> LESS: > LESS:

19 ~

Your Profit

15

)%

(Must be at least 15% of the property value if youve completed less than 10 deals, and at least 10% if youve completed 10 deals or more)
20 ~ Selling Commission

( ( (

)% ) )%

+ $1,000

1,000

(3% to the buyers agent + $1,000 to the listing agent)

21 ~ Holding Costs 6 x $ -

(approx 6 months, will vary by area)

22 ~ Contribution to Buyer's Costs 3 x $ -

(Buyers may ask for up to 3%)

23 ~ Closing Expenses

(Account for closing costs and transfer taxes for both buying and selling)
24 ~ Repairs

$ $

(Interior & Exterior Work)

25 ~ Miscellaneous Costs

(Additional advertising, property maintenance & cleaning)

26

Maximum Purchase Price

Deal or No Deal?? Find Out!:

(1,000)

Step 1:

Is the Total Loan Balance:

Maximum Purchase Price: $

(1,000)

If YES go to step 2, Step 2: Can you afford the Holding Costs? If YES it's a Deal,

If NO, this is not an outright sale deal YES NO How much is it?: $ -

If NO, consider a partner or private lender

What is your final decision?:

YES

NO

Enter your answer on the Summary Page

Lease Option Exit Analysis

Row 27

Property's Conservative ARV

(ARV = After Repair Value)

> LESS: > LESS:

28 ~

Your Profit

10

)%

(Must be at least 10% of the property value if youve completed less than 10 deals, and at least 8% if youve completed 10 deals or more)
29 ~ Holding Costs

(approx 4 months, will vary by area)

30 ~ Closing Expenses

(Account for closing costs and transfer taxes for both buying and selling)
31 ~ Repairs

(Interior & Exterior Work)

32 ~ Miscellaneous Costs

(Additional advertising, property maintenance & cleaning)

33

Maximum Purchase Price Deal or No Deal?? Find Out!:

Forecasted Incoming Monthly Lease Option Payment (L.O.P.):

>>>Enter Fair Market Rent: Step 1: $ $ X 1.2 = $ per month L.O.P $ -

Is the Total Loan Balance:

Maximum Purchase Price:

If YES go to step 2, Step 2: Can you afford the Holding Costs? If YES fo to step 3, Step 3:

if NO, this is not a lease option deal YES NO How much is it?: $ -

if NO, consider a partner or private lender $ Incoming L.O.P.: $ -

Is the Total Monthly Loan Payment: If YES this is a deal,

if NO, go to step 4 YES NO How much is it?: $ -

Step 4:

Can you afford the Negative Cashflow? If YES it's a Deal,

if NO, consider a partner or private lender Enter your answer on the Summary Page

What is your final decision?:

YES

NO

Owner Finance Exit Analysis

Row 34

Property's Conservative ARV

(ARV = After Repair Value)

>>LESS: LESS:
35 ~

Your Profit

10

)%

(Must be at least 10% of the property value if you've completed less than 10 deals, and at least 8% if you've completed 10 deals or more) >>>Remember that monthly cashflow and financing points will also be profit centers.
36 ~ Holding Costs

(approx 4 months, will vary by area)

37 ~ Closing Expenses

(Account for closing costs and transfer taxes for both buying and selling)
38 ~ Repairs

(Interior & Exterior Work)

39 ~ Miscellaneous Costs

(Additional advertising, property maintenance & cleaning)

40

Maximum Purchase Price

Deal or No Deal?? Find Out!:

Step 1:

Is the Total Loan Balance: If YES go to step 2,

<

Maximum Purchase Price:

if NO, this is not an owner finance deal -

Step 2:

Is the Blended Interest Rate: If YES go to step 3,

<

7%

if NO, this is not an owner finance deal

Step 3:

Can you afford the Holding Costs? If YES it's a Deal,

YES

NO

How Much is it?:

if NO, consider a partner or private lender

What is your final decision?:

YES

NO

Enter your answer on the Summary Page

Your Comments
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