How to organize a deal board
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How to Create a Real Estate Investing Deal Board - PowerPoint PPT Presentation

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Shauwn Digman of shares the best to way to organize your real estate deals onto a deal board. He recommends using a large white board and a series of columns for easy access.

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How to Organize a Deal Board

For Your Real Estate Investments

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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

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  • 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

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Columns Cont.

  • 7. How You Found the House

  • 8. Title Company

  • 9. Status

  • 10. Date of Close

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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

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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!

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Passive Equity

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