Amp » Deal Analysis on Demand

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Amp » Deal Analysis on Demand

Have you ever felt nervous or stressed about how to properly analyze a real estate deal? Ever felt shaky about the “due-diligence” process of assessing whether this property is a deal or a dud?

You’re not alone. It’s actually one of the most common stumbling blocks for a lot of investors.

In this session we’re going to tackle it head on, and succinctly demystify and simplify the process of analyzing deals for you, including:

  • Essentials: ABCs of knowing your ARV
  • Best Practices: Pulling, viewing and reading comps
  • Cut and Paste Comps: A template for getting Realtor to comp for you
  • Dead Leads: How to cash in on your non-deal leads 
  • Repair Cost Crusher: How to assess repairs in 15 minutes
  • 2 Short Cuts: How to learn repair costs in a day
  • And much more…

Bottom line, this one’s all about boiling deal analysis down to it’s essence for you, so you can confidently assess your Investor Profit on Demand deals.

Watch and Enjoy…

Resources Mentioned in This Session…

Patrick and JP <3 (heart) your comments & questions. So let’s hear ’em!

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Whoa there, partner…turns out this training isn’t quite ready for you yet. But our little elves are working on it, and as soon as it’s posted, we’ll send you an email (how nice of us!) and then it’ll magically appear here for you. Patience, Grasshopper…we’re eating the elephant one bite at a time. 🙂

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30 Responses to “Amp » Deal Analysis on Demand”

  1. Norman Robinson Reply

    I was watching the freedom soft video….wow!!!!!Why didn’t you guys go more into detail about this service because everything the Deal Analysis does freedom soft does and 10 times more from what I am seeing on their website. You don’t even need access to MLS if you have freedom soft

  2. Fredrick Austin Reply

    JP and Patrick this was outstanding information, thank you!!! I learn alot of basic information that I was looking for. You have proved a simple way of understanding and implementing this information. Once again, thank you very much!!!

  3. Arthur May Reply

    I’m 13 minutes & 44 seconds into the deal analysis training video. I can see the slides fine, but there is no sound. I’ve opened and restarted several times and I have gotten out of Safari and opened it in Chrome – same issue. I am having the same problem as I attempt to review the second core training video. I’ve attempted to adjust volume both on my computer and the training screen. I’ve left messages at the help number. Hopefully someone will call me.
    Thanks,

  4. John Jacoby Reply

    A side note. In our State NM a home that you pull a permit on for repairs that was built pre 1978 you have to test for lead paint and aspestos. If found present its very expensive because they require a special haz-mat team for removal (several thousand in costs).

    • Patrick Riddle Reply

      Thanks for the side note John.

      – Patrick

  5. Gregory Tauber Reply

    Hi JP and Patrick!,

    Again, a Fantastic Learning Session!!! I Love this Step by Step Stuff!!! This should be easy for Me and it is going to be because it is not being Crammed and Shoved at Me all at once!!! I need time to digest it all and this is the perfect way.

    Thanks Again!!!

    Gregory

    • Patrick Riddle Reply

      Hey Gregory, that’s great to hear you’re loving the sessions!

      – Patrick

  6. David Hayward Reply

    Good stuff guys! I’m a real estate appraiser and have access to most MLS but do you recommend sticking to a certain market area. If I go out of state it’s not easy to do a walk through, Happy New Year!,,

    • Patrick Riddle Reply

      Hey David, there are some advantages to staying local… but you can find someone to be your “legs” in any market you want to invest in. Check out the Dream Team on Demand Amp session for more ideas.

      – Patrick

  7. Theresa Cashe Reply

    Great video. How can I get access to the MLS, if I am not a realtor? I do like the $5k chunking rule. Thank you.

    • Charity Reply

      Hi Theresa, Check out the Amp Training, Your Dream Team on Demand. This training shows you how to build a relationship with a realtor and add them to your team. By doing so, you can get access to MLS through them. Hope that helps!

  8. Elizabeth Nichols Reply

    Wondering if others have used Hammerpoint for rough estimating? What is your experience regarding its accuracy?

    • I’ve heard of Hammerpoint, Liz, but never used it before. Would love to hear from anyone else who has though.

      • Justin Wilmot Reply

        I have used Hammerpoint in the past and found it to be very helpful.

  9. Adam Wooten 111 Reply

    Hey,
    Although I have used Freedom$oft and judge other real estate marketing by Freedom$oft the F$4 version does not seem to deliver like the original version of Freedom$oft and is very slow and many of the tutorials do not work all of the time. But, even with all of that F$4 does have many contact and lead generating possibilities.
    These are just my experiences, and my not represent someone else’s outcome.
    P.S. I first started with F$ and devoured it (the original) as the narrator’s were excellent (in my opinion)in in the tutorial’s. Very easy to understand.

  10. Phillip G Huddson Reply

    Fantastic guys. Really liked the “chunking” expose. I will practice that. Along with asking one of the investors that I have met from my local REI Group. Thanks for all the great info.

  11. Bernard Charles Reply

    I wish I could watch the whole video. why I am never able to watch the video.I believe there is something wrong.

    • Hi, Bernard. I’m sorry for your trouble, but from what I can tell this is the first we’ve heard from you about it. Have you also had this problem on other videos, or just this one?

      I just did a fresh spot check myself on the video… started it, let it run for about 6 minutes… then started skipping around to places all over the video. No matter where I go, it seems to be playing flawlessly for me. I’m not doubting your issue…but video seems to be working on our end.

      May I suggest that you try:

      – close/reopen your internet browser, then try the video again
      – try it in a completely different browser (Firefox, Chrome)
      – Reboot your computer system

      If you try all three of those, chances are one of them will do the trick for you. If not, please reach out to support and let us know specifically what seems to be happening in detail. But it really sounds like a temporary glitch to me.

  12. Anthony Schenck Reply

    What do you all think of free estimates provided by Zillow, some of the banks, etc. … are they a reasonable start if you are targeting property in a subdivision with plenty of cookie-cutter comps?

    • Charity Reply

      Hi Anthony, Patrick likes using MLS or the paid version of Real Quest for the most accurate comps. The free services like Zillow are basically just a guesstimate of the property’s value.

  13. Erik Jones Reply

    Video stopped at 4:45. Please check video

    Thanks

    • Hi, Erik. video seems to be working on our end. May I recommend that you try:

      – close/reopen your internet browser, then try the video again
      – try it in a completely different browser (Firefox, Chrome)
      – Reboot your system

      If you try all three of those, chances are one of them will do the trick for you. Sounds like a temporary glitch though, as no one else seems to be reporting it.

  14. Roby Tanner Reply

    I live in Texas as well, so I would be very interested to hear if there is a work around for this. . .

    • I talked to someone in TX recently and they said in non-disclosure states, you pretty much have to get access to the MLS and go through there for this.

  15. Victor Grimes Reply

    IPOD Team,

    This AMP session was right on target. This was the most straight forward session I’ve experienced about how to approach any property to do the rough estimate, especially the $5K chunking rule.
    I’ll practice this method from now and into the future. Thanks for a GREAT! AMP session

  16. Roger Ordonez Reply

    IPOD Team, this really helped me understand in more detail about how to approach any property to do the rough estimate & know if it is a deal to go after. Will just take a little practice to get it down.

    Thank You!

  17. John Gier Reply

    I understand the chunking system in $5K increments. When you go through the house how many items that need repaired or replaced do you consider that equal the $5K value?
    IE: new roof, gutter, soffit & paint outside house all = $5K??.New kitchen & bath = $5K??

    • Hi, John. It’s not that you’re rounding each item or a specific set of items up to the nearest $5K. It’s that you’re rounding your total estimate to the nearest $5k… You still need to have a pretty decent idea of what stuff costs in your area, which is where my shortcut for learning that comes into play…either having an experienced investor-friend on hand for cell phone advice, or doing a hyper-focused day or two at the property with all the trades…as you know, both are described in the video. Make sense?

  18. Damien Gardner Reply

    Don You can do a screen shot and paste them in word so you can also include your notes or paste them in power point with personal note pages.

  19. DON JACOBS Reply

    Wow! This is going to take some time, because I have different values from when I knew these values instinctively. Being out of the business for the last eight years has resulted in not only property values, but also repair values to vary greatly from when I did it regularly before.

    An aside: Can we get copies of the slides that you use in these sessions so we can merely supplement, not have to replay and write all of the material again? The slides would be a valuable help.

    Thanks for another great job.

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