What is a Deal Board? :
What is a Deal Board? An organizational tool to keep track of all the projects you’re working on
Can use any medium- a lot of people use computers
Many real estate investors like whiteboards because it gives them a quick idea of what’s going on any time they need to look up something
Columns :
Columns 1. Address
2. Vacancy (Occupied or vacant?)
3. Appraisal Value
4. Cost of House (Includes Closing Costs)
5. What You Want to Sell it For
6. Repairs
Columns Cont. :
Columns Cont. 7. How You Found the House
8. Title Company
9. Status
10. Date of Close
Formatting Tips :
Formatting Tips Write properties you found yourself in Blue
If the lead came from another source (like a wholesaler), mark it in a different color so you can easily keep track of sources
More on Deal Boards :
More on Deal Boards Great way to keep track of properties on a daily basis
Change the status regularly- is it under contract, active, or have you sent the docs?
If anyone you know wants to buy a house they can quickly reference your board too!
Great way to share and track progress!
Passive Equity :
Passive Equity To learn more about real estate investing and private lending visit…
http://passiveequity.com/