Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on .

User Stats

24
Posts
6
Votes
Andy Becker
  • Investor
6
Votes |
24
Posts

Matt Faircloth's Deal Hotsheets - anyone use them or similar?

Andy Becker
  • Investor
Posted

So in @Matt Faircloth's recent webinar  "How to Find and Evaluate Your First Apartment Building Deal" he talks about putting together a "Deal Hotsheet" which he shares with his "hunters" so they can find him deals that fit his needs. I think David Greene also talks about arming real estate agents with your criteria to keep things efficient and demonstrate your professionalism. Does anyone have some examples they can share? Even if they censor actual numbers or sensitive info? Do folks use something similar?

Matt says to include:

1. track record - bio/team members/skills/experience

2. financial capacity - how much you are bankable for and how much equity you can bring to the table

3. number of units/size of deals

4. locations you're interested in

5. property condition (A/B/C/D?)

Interestingly he didn't offer any numbers other than price here. I was thinking most REIs would want to at least include rent/price ratios of some kind?