For wholesalers
Teach Addi your market once. It works every deal after that.
Every morning it finds new listings that fit your buyers. Any address you bring it comes back in about a minute: underwritten, the risks caught, every exit run, and a buyer package under your name. Free until your deal closes.
Set up your market today. No card.
10th Ave SE, Hickory
Your Wholesale Co.
- Your marketHickory, NC, picked from the address
- Four reportsRecord, rents, rules, sales: ready in 15 seconds
- What the town allowsUp to 5 unrelated people, and the enforcement record
- Worth fixed up, Addi’s estimate$230,000, from 3 of 8 nearby sales
- Every exit Coliving+$383 a monthPursue Long-term rent-$939 a monthPass Fix and flip-$11,786Pass
- Buyer packageUnder Your Wholesale Co., ready to send
A business worked by hand can’t keep up with its own leads.
Every lead means another hour of comparable sales, rents, rules and repair guesses, while your buyers rerun your numbers and the contract clock runs.
- You type the same rates and rents into another spreadsheet for the tenth house this month.
- You find out how many unrelated people the town allows after your buyer does.
- The rehab you penciled in comes back from the buyer’s contractor at a number that kills the deal.
- The buyer asks where your After Repair Value came from, then reruns the whole thing anyway.
That work is the same on every house. So Addi does it the same way every time, on your market’s numbers, for every lead you have.
Inside the machine
One machine, built once for your market.
Every part below is the real product, from a run on 10th Ave SE in Hickory, North Carolina.
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The calibration
Your market, set once.
Save how deals pencil in each market you work: rehab cost by condition, financing, vacancy and operating costs. Every address in that market picks them up on its own. Everyone on your team runs your numbers.
- $31 a square foot for a house in fair condition in Hickory, against the team’s standard of $25
- 7% vacancy in Hickory, against 10%
- 6.75% on a 30-year loan in Hickory, against 6.875%
The Hickory, NC set, and a deal that picked it up from its address. -
The bins
Your buyers, each in their own box.
One box per buyer you work for: the zip codes they buy in, and the price and size they want. Boxes are private to your workspace. We never see whose they are.
A buy box, checking its zip code every day. -
The scanner
It goes looking every morning.
Addi checks each zip code in your buyers’ boxes once a day and lines up the new listings that fit, each tagged with the buyer it fits. You choose which ones to run. Nothing runs by itself.
Matches: new Lenoir listings that fit Buyer 1’s box. -
The intake and the engine
Anything you bring it, in about a minute.
Your own contracts and leads go in the same way. Type the address, Addi matches it to the property record, and four reports come back: the property record, the market and rents, the zoning, and the comparable sales.
- 15 seconds for this house
- 15.5 seconds for a second Hickory house, with nothing re-entered
The address matched, and the four reports ready together. -
The gates
It finds what would kill the deal.
Look before your buyer does. Addi checks what the town allows and its enforcement record, estimates the value from the nearby sales and shows you each one, and prices the rehab from the house’s condition at your market’s rates. Try two of them on this house.
The rehab
Rehab
$58,978
The flip, at the buyer price of $120,000
-$11,786
Pass
Addi’s plan: fair condition at $31 a square foot on 1,536 square feet, 2 added bedrooms at $3,000 each, and 10% for surprises.
The value
- 432 4th Street Pl SW$251,091
- 357 8th Avenue Dr SW$218,000
- 331 5th Ave SE
Worth fixed up, Addi’s estimate
$230,000
From 3 of 8 nearby sales
Switch any sale off and the value is worked out again, the same way the report does it.
The rules
Up to 5 unrelated people in one household, from Hickory’s own code, and the town’s enforcement record beside it.
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The splitter
Every exit, at once.
The same house, run as a room rental, a long-term rental and a flip, at the buyer’s price of $120,000 (your offer plus your fee). Where an exit can work, you also see how high the price can go.
PursueWorks up to about $167,922 before it stops breaking even.
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The packer
Packed under your name.
A buyer package for each exit, under your company name and logo, with every report and the map. It doesn’t show your maximum allowable offer. You send it to the buyer it fits; nothing goes out on its own.
The coliving package under the sample company Your Wholesale Co. The listing photo is blurred here. -
The loop
The next address runs on the same numbers.
Once a market is set, the tenth house there takes the same minute as the first, with nothing to type in again. Every lead gets the same full look, however many come in.
Who built it
Built to work a buyer’s own deals.
David Ross buys and runs coliving houses around Hickory, North Carolina. Addi was built to work his own deals, so it runs the numbers a buyer runs and shows the work the way a buyer wants to see it. That’s the package your buyers get from you.
David RossFounder, Community Coliving
Three steps, then it works every lead.
- Step 1
Teach it your market.
Join free and save your market’s numbers once. No card.
- Step 2
Tell it your buyers.
One box per buyer. Addi checks their zip codes every morning.
- Step 3
Let it run.
Send the packages. When a deal closes, you’re paid, and so are we.
It costs nothing to run.
We’re paid a flat amount at the closing table, only when a house you ran in Addi closes within 12 months. If it doesn’t close, you owe nothing, and your buyer never pays.
You start with 500 property snapshots and 2,000 comparable sales reports, and you can ask for more any time. Market and zoning reports run as often as you need.
“So when you get paid, then we get paid. Nothing’s due before closing. The buyer never gets charged.”
By hand, or with the machine.
Questions wholesalers ask.
Is it really free?
Yes. There’s no card and no time limit. You use Addi free, and we’re paid only if a house you ran in it closes.
What do you take, and when?
A flat amount, paid at the closing table when a house you ran in Addi closes. It gets smaller as you close more deals, and if a deal gets tight, ask us in writing before closing and we may reduce it. The amounts are in the partnership agreement you sign when you join.
What if the house doesn’t close?
You owe nothing. A house counts only if it closes within 12 months of your first run on it, with you or someone you passed it to involved.
Do you see my buyers?
No. Your buy boxes are private to your workspace, and we never see whose they are. Addi never asks for your buyer list.
Does Addi bring me buyers?
No. It works the house for the buyers you already have, and you decide who gets each package.
Where do the numbers come from?
Public property records, recent nearby sales, rental data and the town’s own zoning code, then your market’s standard values. The value shows every sale behind it, and you can switch any sale off. They’re estimates to check, not an appraisal.
Can I set up more than one market?
Yes. Each market gets its own set of numbers, and a deal picks the set for its address on its own. Anything the set doesn’t change follows your team standard.
Does it find off-market deals?
No. Matches are new listings in the zip codes of your buyers’ boxes. For anything else, bring Addi the address yourself.
Does it work in my market?
Sales, rents and the numbers work for any US address. How deep the zoning goes depends on the town, and the report says so plainly.
Can my team use it?
Yes. Invite your team into your workspace, and they work from the same markets and the same numbers you set.
Will my buyers see your name or mine?
Yours, on top: your company name, logo and contact details. A line at the foot says Community Coliving prepared it.
I already have an Addi account.
Good: sign in to Addi and your workspace is where you left it.