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Have you ever wondered how some people just have a knack for buying a great house and flipping it? Have you ever wondered how to do it? Have you ever looked at a potential piece of property and wondered if it would be a good investment? Have you ever wished you hadn’t bought that piece of property because it wasn’t a good investment? If so, this guide is for you.
Analyzing a property and knowing whether or not it’s a good investment isn’t always as simple and easy as it appears. What looks like a great deal may turn out to be a money pit and you wind up spending so much money on repairs that you weren’t even aware needed to be done that you just want to off the property as quickly as possible to be rid of it. Sometimes there are contributing factors that you may not be aware of or situations in the market that are on the horizon but haven’t yet materialized.
Wouldn’t it be great if you could peer into a mirror and know exactly every detail about a property before you signed on the dotted line and gave up your hard earned money? Dealcheck.io offers you an excellent way to analyze any property and do just that before you have to make a decision on it. Here’s how it works.
DealCheck software makes it easier than ever to analyze any property and determine whether or not it’s a good deal for you and your personal needs. It can easily analyze potential rental properties, flips and even commercial buildings as well as many other things including Airbnb. It then estimates the cash flow and helps you to find and execute the best real estate deals for your needs. It’s that simple. It’s like having a magic mirror that can analyze the information and give you the important details before you buy.
This software is readily available on your PC, Apple devices, and Android devices so you can have access to it no matter where you are. That means if you see a potential deal while you’re away from your desk, you can still analyze it and put in your bid before it’s too late.
It doesn’t get any easier than this folks. And the best is yet to come. DealCheck can make you look like a pro even if this is the first time you’ve bought a piece of property or a house.
Choose the type of property that you’re considering. Whether it be a single family dwelling, a multiplex, a commercial building, land, or even an Airbnb, or something else you can select it from the drop-down menu. It doesn’t matter if you’re a private investor, a rehab addict, or simply looking to move to your own new home, DealCheck has you covered.
Here’s How It Works
Enter the address into the box in the software and the information from the MLS listing will be pulled into the software, along with all of the details of the property, house, or multiplex. Even commercial facilities will be listed so you can rest assured that it doesn’t matter what you’re considering, this software is going to work and pull up the information and data that you need to get accurate results.
Your search will pull up the list price, the sales history, rental history and prices, pictures, potential rent estimates and more. This data is then analyzed by the software and it will then ask you to fill out the following information:
- Your Purchase Price
- Your Type Of Financing
- The Closing Costs
- Remodel Or Rehab Budget
- Estimated Expenses
- Potential Rent
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And any other changes or features that you wish to incorporate into the analysis. It’s as easy as filling in the blanks on a form. DealCheck does all the rest and they will give you their full analysis. You won’t have to spend a lot of time filling out this information, DealCheck works quickly and you won’t have to search for hours for those minuscule details that always seem to be missing. In just a few short minutes you’re going to have the information that you need to make an informed decision.
What Does My Full Analysis Include?
Your full analysis includes a lot of valuable information that you can use to determine whether or not this is a good investment for you. This information is compiled using the state of the art software that DealCheck has developed and it pulls the information in from MLS listings and more. Every detail that you need to know regarding the property that you’re considering will be included in the report.
This information will include the following:
Potential Property Cash Flow
Even if you don’t plan to rent out the property but plan to live in it yourself this information can guide you in your decision so if you ever do decide to turn it into a rental or investment property you will have this information at the ready.
Return On Investment
No one wants to lose out in an investment. This report will give you the information on your return on investment so that you’re making an informed decision.
Planning to flip the property? You’ll want to know what your potential sales profit is going to be. This report will give you that information. It’s all calculated out for you.
Long-Term Cash Flow Projections
If you’re going to turn your investment property into a rental you’ll want to know what your long-term cash flow projections are and determine if this is a good option for you.
It also includes a calculator that helps you to determine the highest priced offer you should make considering any improvements or changes that you may wish to make on the property prior to flipping it or renting it out. This gives you the opportunity to determine if the investment is worth your time and money.
However, it doesn’t stop there. DealCheck gives you the ability to select your criteria based on their unique investment approach. You’ll choose which criteria you want DealCheck to consider and literally tell DealCheck what you’re going to be considering. Whether you wish to turn the property into a duplex or tri-plex or simply a single home dwelling you’ll have the information that you need at your fingertips.
After you’ve input all of the pertinent information, DealCheck will generate a PDF file for you with a complete analysis that will detail out all of the criteria that you’ve selected and more.
This in-depth report will give you valuable information that will guide you through the process of whether or not this particular property is worth your investment.
You’ll have a complete detailed analysis including the following information:
Complete property description including the property types, square footage, year built, lot size, zoning, and the MLS number and details.
You’ll have a page full of purchase analysis and returns details that will give you a general idea of price per square foot, returns and ratios, assumptions, financing, and purchase costs as well as potential rehab costs. This analysis will detail each section in full including such things as the cost of paint, landscaping, inspections, and appraisals and more.
You won’t have anything left to chance, everything is laid out concisely and completely so when you review this analysis you’re reviewing it from every potential angle. This detailed report is so complete that it will even give you the complete cash flow for the first year. This can help you to determine if it’s worth the risk or not.
It doesn’t stop there. The report continues on to show you the buy and hold projections. From here, you can see the potential if you decide to sell in the next year, or the next decade. What better way to determine a property or homes worth than knowing your buy and hold projections?
No stone is left unturned. You won’t have to question any potential idea that you may have. Have you ever wondered how so many people successfully become real estate investors and know when to buy, sell, or trade? This is it. DealCheck is the ideal solution to anyone who wants to become a wealthy real estate mogul.
Thanks to this software program, anyone can become just that, a wealthy real estate mogul.
You’ll be able to see your potential income, expenses and cash flow all in one easy to read report. Each detail of the report is clearly labeled and you won’t be leaving anything to chance. You’ll see the operating expenses including insurance and property tax.
You’ll see the equity that you’ll have earned over the course of 30 years so you can plan ahead and see if it’s better to flip the property or hold tight to it. Either way, it’s all laid out in a concise and easy to read report. It’s like having an advisor walk you through the process each step of the way.
If you’re planning to flip the property you’ll be able to see what major changes need to be made for a good return on your investment. You’ll be able to see if it needs a new foundation, new flooring or simply a few coats of paint before it’s ready to flip. This makes it easy to determine whether or not a property is a worthwhile buy for your money and whether or not you have the know how to make the required upgrades for the investment.
Added benefits are that this report will show you your profits gains and loss. If you can’t make a profit selling the property it won’t be a good investment for you and your needs. Having this information right at your fingertips will go far in helping you to make an informed decision on the spot. It will show you your tax benefits and return ratios and the depreciation and loan interest. You’ll be able to invest like the pros and maintain your lifestyle with minimal effort. Real estate agents and real estate moguls alike use this software and with good results. They’re enjoying the good life, shouldn’t you be enjoying it too?
You’ll also receive all of the property photos that are available on the listing. This includes the photos for the MLS listing as well as any photos taken by satellite. If you’re wondering about the flooring, you can readily see it in the photos. If you’re wondering about the zoning, it’s in the report. Outbuildings and other photos will give you a detailed view of the property from a variety of angles so you know what you’re getting. Even if you’ve never before visited the property these photos will give you a fully detailed view.
It couldn’t be easier than to have it all handy in one easy to read report. Every detail that is known about the property is listed in the report. From the year it was constructed to the materials to the zoning. It lists the schools, the neighborhoods and more. You’ll see the aerial view if it’s available and you’ll see inside of the buildings and facilities as well.
When you make your decision you’ll be making your decision based on full knowledge of what you’re getting. You’ll know if you’re getting the worse house in the best neighborhood or the best house in the worse neighborhood. DealCheck gives you the opportunity to make the most informed decision on a property without having to worry that you may be missing an important detail such as it needs updated plumbing or electrical panels.
DealCheck understands that each and every potential deal has its own unique features. The software is designed with flexibility in mind so you can customize each and every detail and receive a complete and accurate analysis regardless of what you’re looking at.
You’ll have the ability to set up your criteria and screen several properties at the same time. Set up your personal settings and the metrics that you want and let the software program do the rest for you. Compare properties and focus on the details that mean the most to you.
The part that most people are wondering about at this point in this The Ultimate Guide To Using Dealcheck.io is the pricing. What would you be willing to pay? DealCheck has several different plans to choose from and all of them offer you easy options.
You can start out with the free option and move upwards if you wish and all of the plans offer a free 14-day trial so you can get your feet wet without a full commitment. However, if you’re serious about real estate investing, you’re not going to want to wait, you’re going to want to jump right in and start your real estate investing career with DealCheck.
With so many great benefits and ease of entering the information, you’re going to be very excited and want to go with the full package.
Frequently Asked Questions
DealCheck cloud syncs so you can access your software on all of your devices.
DealCheck offers live support specialists 7 days a week so any question that you have can be readily answered.
Yes, DealCheck offers side by side property comparisons so you can get the detailed reports and compare the pros and cons of two different properties.
There are different tiers for pricing and it will depend on which tier you’re on as to how many properties you can check total.
Yes, it’s easy to upgrade or cancel your subscription at any time.
DealCheck includes a real estate glossary that will walk you through comprehensive real estate glossary of terms.
Payments are processed through SSL encryption and none of your payment information data is ever saved during the processing.
No credit card is required with DealCheck.
Let’s face it, those wealthy investors don’t just happen on good deals, they are analyzing and checking things out every step of the way, and you should be too. If you want to retire just like they are, this is the way to do it. Real estate professionals and investors alike use DealCheck and you should too. You have nothing to lose and everything to gain. This ultimate guide walks you through the process every step of the way and you’ll be able to invest just like the pros.
Update: DealCheck now has 3 pricing tiers: Free, $7 per month and $15 per month when purchased yearly. Check below for more information.