TUTORIAL

 

TUTORIAL
Note:  You may access the NDAXI tutorial at each Category, simply by clicking on HELP. 
 
SELLER & BUYER PROFILES
 
 
Completing a property profile or property search profile will take less than five minutes. Once submitted, the program does all of the searching and work for you, night and day, 24/7/365.  It not only will locate that ‘needle in the haystack’ property for you, but will also eliminate that need for continual daily ‘browsing’ on your part.
 
NDAXI is designed to perform a vast amount of integrated analytical tasks for you, while searching. Computer software and hardware will never replace the human brain, but NDAXI performs tasks that the human brain could never match, like searching hundreds of thousands of bits of information instantly for your specific needs, recording its findings and informing you and the other party that you have matched.
 
 
1.   Profiles
      The property profile and the property search profiles are identical, except that one looks at the issue from the agent and property owner’s side, and the other from the side of the agent with the principal investor.
                     
2.   Type of Property: (A-1, A-2 and A-3)
      Improved, Un-improved and Agricultural/natural resources:  NDAXI only permits you to search for one specific type at a time, because each type is treated differently, internally.  For example, you would not look at an ‘apartment property’ the same way as a ‘dairy farm’. For this reason, NDAXI lists about 70 different types of property. Therefore, you select one classification, one type 
 

3.   Location: (Question B) 
      The seller picks one zip code; the buyer prospect may select from a range of zip codes.

4.   Price: (Question C)
      The seller enters the actual price of the listing. The buyer prospect selects from a range of prices. The program will match up or down 25%.

5.   Size: (Question D)
      The size varies according to the type of property, i.e., units, square feet or acreage: (the program delivers you the correct size ‘type’ in accordance with your 'selection of property type', i.e., sq. ft., acres or units). It also matches up and down 25%.
 
6.   Down Payment: (Question E) 
      The Seller selects a specific number. The Buyer prospect selects from a range that reaches 25% above and below their selection or any selection below.  
                        
7.   Return on Investment: (Question F)
      The seller selects the exact range the property is actually producing; the buyer's selection is a range that reaches 25% above and  below their selection. .                                     
  
8.   Cap Rate: (Question G)
      The seller selects the exact cap rate while the buyer prospect makes a selection that matches 25% above and below their selection.

9.   Seller Financing: (Question H)
      If the seller selects the number 2 option (seller will not carry back financing), then only the buyer selection of number 1 will match.
 
10. Existing Mortgages(s): (Question I)
      If the seller selects ‘existing financing is assumable or beneficial to the buyer, then the buyer's selection of number 2 will match.

11. Existing Lease Type: (Question J, K, L)  
      Lease terms:  If the buyer wishes to occupy a property, or if the seller wishes to announce the buyer can occupy and be a user of that property, then both parties select  J-1, K-1, and L-1.  Also, if any buyer selection of these three categories is a ‘lesser number’
      than the seller (listing), or equal, then these will match.
 
12. Age of Structure: (Question M)      
      If the the buyer's selection is (any age is fine) then either numbers 1, 2 or 3 of the seller's (listing) will match.  If the buyer's
      selection is number 2 or 3, then the seller's (listing) must be an exact match.    
 
13. Development: (Question N)                                                                       
      If the seller selects (major development or upgrading will substantially increase annual revenue) because the property is not showing it’s true potential, this selection may affect certain other choices like Cap Rate, Return on Investment (ROI) and GRM (Gross Rent Multiplier), etc. Only use Major Development if in fact this possibility does exist.  Naturally all 'buildable parcels' have this feature. 
          
14. Form of Down Payment: (Question O)  
      If the buyer selects (cash or cash to Loans), then either number 1 or 2 of  the seller's (listing) selection will match.

15. Participation Program: (Question P)  
      If the seller and the buyer each select number 1 on this qiestion, the two will match.

16. Future Growth Potential: (Question Q)
      As referenced earlier in number 13, the seller should only select (very high) if some future event can increase the gross revenue and thus value substantially. This selection may affect other selections like Cap Rrate, Return on Investment, and GRM for example. 
 
17. Applies to the buyer only: (Question R)  
      The seller has no selection to make here.  However, if the seller receives a match wherein the buyer selected number 1 and has provided a final date to identify a 1031 tax beneficial exchange. This calls for immedicate action by the listing agent. This question is not part of the percentage calculations in  the matching routine.          
                      
Special Notation: 
It is important for you to answer every question accurately to achieve the highest level of matches. 
 
MATCHING ADVICE NOTICES go to both sides of the equation when the two hae matched 100% on TYPE OF PROPERTY, LOCATION  and PRICE RANGE and a minimum of 82% overall out of the 17 Key Categories, i.e., 14 out of 17.  So when you receive such a notice, it is a HOT LEAD. 
Once you enter the profile into the data bank, it searches for you 24/7 until you elect to delete the profile.  NDAXI may delete profiles that have been in the data bank too long, however at this time, this function is not activated.
 
Patent Pending  12/378,434:  Copyright  1980-2009   All rights reserved.