Does this flip make money?

Most flips lose money in the spreadsheet the buyer never made. Holding costs for nine months instead of four, the contingency that was not there, selling costs, points on the hard-money loan. This puts every one of those in, and answers in a number and a word.

THE INPUTS

Purchase price, closing costs, rehab and contingency, months to sell, loan share, rate and points, monthly taxes, insurance and utilities, after-repair value, selling costs.

WHAT COMES OUT

• Profit and a verdict: WALK AWAY, THIN, WORKABLE or STRONG DEAL
• Cash you need to close and carry it
• Return on cash and annualized return
• Max offer by the 70% rule and max offer for a 20% return on your cash, solved from your numbers
• Total project cost
• A table: profit if the sale price moves -10% to +5%, at 4, 6, 9 and 12 months

What you get

• The analyzer (.xlsx, opens in Google Sheets or Excel)
• A 1-page quick-start guide

Who it's for

First flippers, wholesalers checking a number before they send an offer, and anyone whose partner keeps saying "it will sell in three months".

Good to know

• No macros, add-ons or sign-ups. Works in Google Sheets (free) and Excel 2016 or newer.
• Instant download.

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