Property Acquisition Worksheet Address:____________________________ First Call Date:_______________________ ___________________________________ Second Call Date:_____________________ ___________________________________ Third Call Date:______________________ Owner:_____________________________ Fourth Call Date:______________________ Phone #:____________________________ Fifth Call Date:_______________________
1. Estimated after repaired value $___________________________________
Acquisition Expenses 2. Down Payment $___________________________________ 3. Purchase Closing Cost _________________________________________________________ (including Att., Fees, Recording, Title Ins.)
4. Appraisal $___________________________________ 5. Survey $___________________________________ 6. Property Inspection $___________________________________ 7. Termite Letter $___________________________________ 8. Finder's Fee/Commission $___________________________________ 9. Contingencies/Misc. $___________________________________ 10. Total Expenses (-) $__________________________________
Fix Up Expenses 11. Repairs Budget $___________________________________ 12. Contingencies/Misc. $___________________________________ 13. Total Fix- Up Expenses (-) $__________________________________
Holding Expenses 14. Payments @ ______________ for ________ mos. $__________________________________ 15. Property Tax $___________________________________ 16. Insurance $__________________________________ 17. Utilities $__________________________________ 18. Total Holding Expenses (-) $___________________________________
Sales Expenses 19. Sales Closing Costs $___________________________________ 20. Commission $___________________________________ 21. Advertising $__________________________________ 22. Total Sales Expenses (-) $___________________________________
Sales Price ( 10, 13, 18, 22 subtracted ) $___________________________________ Mortgage Pay-Off (-) $___________________________________ ESTIMATED NET PROFIT $___________________________________ CASH REQUIREMENTS ( lines 10+13+14+16+17+21 ) $_________________________________ This document and accompanying materials are designed to provide authoritative information in regard to the subject matter covered in it. It is for illustration purposes only and presented with the understanding that the author and publisher are not engaged in rendering legal, accounting or other professional opinions. If legal advice or other expert assistance is required, the services of a competent professional should be sought. |