Monday, February 2, 2015

Bird Dog Property Information Sheet

Here is a sample work sheet that "bird dogs," people finding property for an investor like me, might use to identify properties worth purchasing as fixers:



Birddog Property Worksheet

Rep: ______________________        Date ______________________    Picture #  _____________________

Owner: ____________________________________________       Phone: ___________________________

Property Address: _________________________________________________________________________
                                                                                                                                       
  County: _______________ Neighborhood _______________   # to Lf ______________  # to Rt ___________
                                                                                                           If address unknown:  when facing the property
Bedrooms _________     Baths __________  SqFt ___________   |    Vacant ____  Occupied ______    

Construction:  Frame: ____  Brick: ____  Stucco: ____  Block: ____  Other: _________    

Listed?   Yes / No   Agent: _____________________________________________________________


Inspection
Y
N
Costs (avg 1200 sqft home)
Repair Cost
ARV

1.
Does house need Roof


$ 2,500 avg

2.
Does house need Paint – Exterior


$ 1,000 for 1200 sqft

3.
Does house need Carpet / Linoleum


$ 1.7 per SqFt

x 70%

4.
Does house need Paint – Interior


$ 1.5 per sq foot

5.
Does house need Central A/C


$ 3,000 to add

6.
Does Kitchen need replacing


$ 1,500 avg

Minus Repairs

7.
Do Baths need replacing


$ 1,000 avg each  x _______

8.
Does house need Plumbing


$ 1,500 avg

9.
Do Windows/Doors need replacing


$ 150 ea installed  x _______

Equals Sales Price

10.
Does house have a lot of rotten wood


$ 500 avg

11.
Does Electric need upgrading


$ 1,500 new box

12.
Does garage door need replacing


$ 350 single $700 dbl

Minus Profit

13.
Foundation Problems


$ 500 avg

14.
Exterior Siding


$ 3,000 avg

15.
Sheet rock Need Replacing


$ 500 per room  x _______

MBP:
Buy Price

16.





17.





18.





Asking Price

19
Misc/Add in margin of error


20% of sub-total





Total $




Existing Mortgage Info

1st $ _______________ Lender _____________________ FHA/VA/Conv   ______% Pmt $ ___________  PITI?

2nd $ _______________ Lender ___________________________               ______% Pmt $ ____________
Payments Current?  _____ Yes  ______ No                $ ________________________ in arrears     
Will you sell the property for what you owe on it?  ______ Yes   _______ No

Notes/Offers:_____________________________________________________________________________
            __________________________________________________________________________________
__________________________________________________________________________________
            __________________________________________________________________________________
            __________________________________________________________________________________
__________________________________________________________________________________
            Happy Investing!!!

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