Rehab investor

Can the spread survive the work?

Purchase, scope, carry, financing and exit — organised so the margin is visible before the first demolition day, and honest about what is still assumed.

  1. Find
  2. Scope
  3. Analyze
  4. Finance
  5. Exit

Learn

How this decision actually works

A rehab is decided by five questions in order. Skip one and the margin is a guess dressed as a number.

  1. 01 · Find

    Is this property a candidate at all?

    Condition, location and what the finished product would be worth set the ceiling. Everything after this is arithmetic against that ceiling.

    Verified
    Address, lot, assessment and sale history.
    Assumed
    Resale ceiling before comparable sales are pulled.
  2. 02 · Scope

    What does the work actually include?

    Structural, systems, interior and exterior are budgeted separately so a single lump-sum number cannot hide the expensive part.

    Assumed
    Every line until a contractor estimate exists.
    Unknown
    Anything behind a wall until an inspection says otherwise.
  3. 03 · Analyze

    What is the total cost basis?

    Purchase, closing, renovation, contingency and carry combine into one basis. Profit is measured against that, not against the purchase price.

  4. 04 · Finance

    What does the money cost while the work runs?

    Points and a short term usually matter more than the headline rate. The hold period is the real driver of carrying cost.

    Assumed
    Rate, points and term until a lender issues something in writing.
  5. 05 · Exit

    Does the spread survive a slower sale?

    Selling costs, an extra two months of carry and a lower ARV are tested together — that combination is what removes most of the profit.

    Unknown
    Actual days on market at the finished price.

Find

Find the property

Rehab candidates are found on condition and basis, not on photographs. Search the active market, then carry the address straight into the workspace.

  • Look for dated systems and deferred maintenance, not cosmetic listings priced as finished homes.
  • Compare the asking price against what the finished product realistically sells for in that exact neighbourhood.
  • Longer days on market often means a seller who will discuss condition honestly.

Already have an address? Enter it in the workspace and every figure below is calculated for that property.

Analyze

What the workspace calculates

The rehab workspace runs the fix-and-flip engine. Every figure below is calculated there — nothing on this page is a second calculator.

  • Purchase price
  • Rehab by structural, systems, interior and exterior
  • Contingency
  • After-repair value (ARV)
  • Financing and points where applicable
  • Carrying period and monthly carry
  • Closing and selling costs
  • Total cost basis
  • Profit / spread
  • ROI and return on cost
  • Repair and timeline sensitivity

Change one input and every dependent figure recalculates, with the evidence state carried through.

Open the rehab workspace

Verify

What has to be established

The numbers are only worth what supports them. This is what must be established before the spread means anything.

  • Verified

    Supported by an identified source and reviewed where review is required.

  • Assumed

    A preset, user-entered or analyst-entered figure that is not independently established.

  • Unknown

    Missing, contradictory, stale or not yet established.

  • Purchase priceAsking price until an accepted offer exists.Assumed
  • Renovation scopePlanning figure until a contractor estimate or inspection replaces it.Assumed
  • After-repair valueModelled until verified comparable sales support it.Assumed
  • Structural conditionEstablished by inspection, not by listing photographs.Unknown
  • Financing termsSet by a lender in writing. Nothing here is an offer.Unknown
  • Public record factsAssessment, lot and sale history from the municipal record.Verified
  • ARV is an assumption until it is supported by verified comparable sales.
  • Rehab cost is an assumption until contractor or inspection evidence replaces it.

Real work

Real projects in progress

Real projects in progress, published and maintained by an affiliated investment company.

Work with Scott

Technology organizes the evidence. Scott reviews the decision.

A licensed real-estate professional reads the property with you, tells you what is missing and what he would do next.

Questions stay attached to your Property Intelligence™ and Buyer Journey.