Real Estate Cheat Codes community

The calculator tells you if it pencils. The community shows you how to make it pencil.

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Deal Napkin

The back-of-the-napkin check for a flip. Five numbers in, a red, yellow or green answer out, plus the price you'd need to pay for it to be a deal.

The deal Sample numbers

Purchase price

ARV (after-repair value)

Rehab budget

Months held, buy to sale

The money

Money borrowed as

Loan %

Interest rate

%/yr

Points / loan fees

Taxes, insurance, utilities

$/mo

Advanced: costs and deal rules

Buying closing costs

% price

Selling costs

% ARV

Rehab contingency

Interest is figured on the full loan for every month you hold, which is conservative when rehab money is drawn over time. Selling costs cover agent commissions and seller closing costs.