🎥 Deal Stacker - Quick Video Introduction

Watch John doing a presentation about Deal Stacker, a powerful tool in UPD that serves as a pipeline manager for properties you might be interested in buying. 

With Deal Stacker, you can efficiently track different strategies applied to your shortlist, add properties manually or through property search and area research, and even conduct inspections and due diligence. The tool offers insightful reports and mortgage quotes, allowing you to make informed decisions and record offers effortlessly. Keep a record of your prospects and offers on the main landing page for easy access. 

Deal Stacker simplifies property analysis and helps you manage your pipeline effectively, making property trading an exciting and streamlined process.

Transcript

"In this video, we're going to look at Deal Stacker. This is a really powerful tool in UPD where you can keep a record of all the properties that you felt you might be interested in buying. So this is almost like your pipeline manager.

In this example here, you can see all along the top, all of the different strategies that I have applied to my shortlist. There's a flip property in there and there is free buy, refer, refinance properties in there. If I click on BRR, you see those properties in a shortlist. So a very quick way of checking your common strategies.

If you're interested in any one particular property, you can click on view on Myrtle Avenue, and there it is. So you can see there is Myrtle Avenue. No strategies applied to it just yet, it's just in my shortlist.

So with DealStacker, there are two ways of adding properties to Deal Stacker. You can add a new property. So you click on this blue button and you physically add the property. So you put the property details in, postcode, address, type of property, and etc. Fill out all the details for the property, put a little description if you want to, and save it. So you can save anything that you have in your pipeline. That's great if you've gone direct to the vendor or if you've approached somebody directly and it's not listed on a poll, but it's a little bit slow if you're finding stuff on Zoopla or Rightmove.

How do we do add properties to deal and analyse more quickly? Well, we can use property search and we can use area research. Let's use area research as an example. Let's go to one of our areas and let's find some properties in CF47. So, find properties in area research, and here is a list of properties. This can happen whenever you see this page, this type of layout, you can normally add properties to DealStacker from here.

So Deal Stacker is here. You only need to do is click on this little icon. It looks like a house with a plus or an arrow with a plus. If you like a property, you add it. So there's a typical fixer up on £95,000. You can tell by the front that that's got a little bit of work required. So if I wanted to add that to Deal Stacker, simply click on the icon, and rather than me manually putting all the details in for that property the software takes all of the information off the listing and adds it for you so very helpful normally you need to add in the postcode if you're not sure just take a guess and then update it later okay so there we go so we we need to put my bathrooms in it's got one bathroom.

There we go. Couldn't work out how many bathrooms it had. Frankly, I'll be glad if it does have a bathroom. So we've added that. So that is now in Deal Stacker. So I didn't need to put all the details in. It's automatically fed all the information in to Deal Stacker for me. Images, map, a description. I can also, if I want to, add an EPC and just pick one I think I've picked the wrong address there we go uh add add the EPC and there we go so it's a its current rating is D and it could potentially be a B and now I've got a price per square foot or square meter and the total floor area in this property fabulous much much quicker than doing it manually now there are other things that we can do here.

What we can do here is we can, you can see along the bottom, we can set strategies, we can track our offers, we can get market insights, again very similar to area research, so if you're unfamiliar with market insights check the area research video but in area research we can do one step further, we can actually filter on the exact type of property, so this is a terraced house and you can see the ranges there and also we've got comparables which have sold in the local area so that you can do your comparable analysis as well or in one place.

If you've got any notes about the property you can add some notes, if you've got any tasks you want to do, perhaps you want to go and do a visit or take your builder there or whatever it might be, you add a task. Adding a task links it to your calendar, check out the calendar video to understand how you use the calendar, it's really powerful and so you can just add your task in there and put the date on it.

We can add more photos from our phone if we want to. So that's nice and easy. Just open up UPD on your phone to do that. The property details are there, which it took scraped straight off the site, but you can also edit them. So you can change the description if you want to and add your own notes. Most powerful of all though is the inspection form. This is often something that's very difficult to do when you're out and about viewing properties but here you can fill out and save all of the details in relation to visiting the property and doing a viewing on it. Very powerful stuff.

So you can see all lots of questions. You don't need to answer them all, but they are there. And once you've answered them, you can download them and save them or send them to people. So perhaps you want to send them for building quotes or send them to JV partners. So you can do all of that by downloading a PDF. All of this will save which will enable you to review your pipeline very quickly.

Now on this property, most people would look at this and think right that needs some work so you would probably do it up and flip it or do a buy refurb refinance on it where you'd keep it or you might convert it to an HMO. There's obviously you can just do straight buy to let, you can do rent to SA and you can do rent to rent but with an HMO so there's multiple strategies that you can set up in here. For us on something like this, we would probably just set up a buy, refer, refinance, and I would follow all of the processes in here.

So what am I buying it for? Let's put in 95, the asking price. How many months does it take to do up? What we think it'll be worth in the end. What the rental income will be per month. And you can see it's automatically calculated the rent coverage and the cash flow. We can also then go a little bit deeper we've got some these default numbers so this is where you put all your financial information in how you're going to finance it when you buy it, what it's going to cost to buy and to hold, what the tenant costs are going to be if we put a tenant in it and what the income is going to be but critically also what your refinance is going to be because this is a buy refurb refinance strategy so you can put your exit in as well.

For this property again you can put in the refurbishment cost so you can manually type in 20,000 or you can work it out line by line so you can put material and labour

cost in line by line and then once you've done all of your default numbers you save it. Simple as that.

So when people talk about doing due diligence this is a very powerful tool to help you to do your due diligence. So there you can see 95 purchase, 140 future done up value or GDV means that you'll get £33,000 out if you flip it, £15,000 left in the deal if you refinance it which would equate to a 45% return on capital employed. And again we've got a report here which breaks down everything we need to know about that property, how long your money is left in, all the related costs to acquire this thing, what your refinance is gonna look like and what you would get if you sold it profit-wise.

One final point, you can get a quote straight from the software for a mortgage. So if you like this, don't waste time, just fire off and get a mortgage quote. You can also download this report and send it to people. You can edit it if you think you've done something wrong. But critically, you can record offers. So you can go straight in and say, I'm going to phone up the agent and offer them £90,000. This part of the software dynamically updates to show you some basic updated numbers on your offer price and you can then save it. And that will then also be recorded on the deal stacker for this property and you can see there now in offers we have a pending our property.

So that is a whistle-stop tour of stacking your deal. Very powerful tool. You must ensure that you keep a record of any properties you make offers on and any that you're interested in because they do come back to the market. And again with Deal Stacker, if you go to the dashboard, the main landing page, when you log on, you can see your Deal  Stacker. So you've got five prospects at the moment and I can see a breakdown of my strategy so I've got one that's FLIP and I've got one that's a four that's BRR and I can also see my offers so you can see there I got some three that are pending and I got two that are declined. Okay so really easy for me to get a view of any stacked deals and very easy for me to put them into Deal Stacker. 

I hope that was helpful I'll see you again in another video."