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Property Acquisition Worksheet - 4/9/2003 - Attorney Lawyer Legal Building Codes Zoning

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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.


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