DealCheck app? Good or bad?

[Michael Benanti]

Just trying to get a staring point on how to evaluate a property and a good deal from the MLS before potentially seeing it in person. I came across the DealCheck app and thought why not at least explore it. It got got a good rating (4.6), not that it is always a good indicator. Has anyone used this? I feel like it's more useful for the outline and then I can fill in the numbers and analyze myself rather than use that exclusively. Thoughts?

[Anton Ivanov]

@Brandon Sturgill

Sure, I'll send you a pm.

@Ben Leybovich

I appreciate your comment, but I disagree. Judging from your recent posts, you're into syndication, large commercial deals and partnerships. I agree that DealCheck (or the BP calculator) does not provide enough tools or functionality to analyze those types of transactions (yet).

But I would argue that it does a great job at analyzing more traditional buy & hold SFRs and multi-families, as well as flips and rehab projects. 

I've used to it myself to analyze all of the 35 units I bought over the last few years and personally talked to 100's of other investors who've analyzed and closed on great deals using it.

I'd love for you to actually try it and would be happy to receive and incorporate any feedback you have into future releases. Feel free to pm me or email.