Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Investor Mindset
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 14 years ago on . Most recent reply

User Stats

15,749
Posts
10,947
Votes
Will Barnard
  • Developer
  • Santa Clarita, CA
10,947
Votes |
15,749
Posts

How do you count your deals?

Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorPosted

Hello BP Nation. I have a qucik question for ALL of you and even newbies with just one or two deals can answer.

How do you count your deals?

I have run into a few investors who claim to have done X amount of deals, but when asking a few questions, I determined that they count them, different than I do. That stated, I wanted to know which way the consensus falls on.

Example: If you own 10 rentals, then that is an easy number to count. You have done 10 deals.
But what about flippers. If you buy a property, then fix it and sell it, have you done one deal or two? You closed on the buy side, then you closed on the sell side. That is two transactions, but the same property. In such an example, how do you all count it?

- Will Barnard

Most Popular Reply

User Stats

1,991
Posts
1,136
Votes
Sharad M.
  • Carlsbad, CA
1,136
Votes |
1,991
Posts
Sharad M.
  • Carlsbad, CA
Replied

Will,

I count each property as one deal.

For rehabs, IMHO, it would be incorrect to consider a fix and flip as two deals. Objective of a fix and flip is to purchase a property, fix it, and then resell it to an end buyer.

If I purchase a rehab property and I count it as a deal, then it's incorrect because I haven't finished what I intended to do with that property, which is to sell it.

If I buy 10 rehab properties, fix them all but never sell them, I can say I have done 10 deals, but I have ZERO money to show for those deals. For rehabs, until the property is sold, the deal is in progress.

It's late and I am a little tired, so I hope it makes sense.

Loading replies...