Productivity
Analyse a fix and flip
The number you can pay, worked back from the resale.
Fill it in
A distressed listing.
What you think it needs.
Backwards from resale, less costs and profit.
Your prompt
Analyse this flip. Property: [the property] Scope: [the work] Work BACKWARDS from the resale value: after-repair value, less selling costs, less holding costs, less the renovation, less the profit you require, gives the maximum offer. Working forwards from the asking price is how people buy deals that were never there. Budget the renovation with a contingency, and be specific that the contingency is for what you cannot see. Every flip finds something behind a wall. Hold costs are a duration multiplied by a monthly number, so an optimistic timeline understates them twice. Use a realistic one and show what an extra two months does. Name the thing that would kill it: structure, permits, or a market that moved.
Use Analyse a fix and flipOpens with everything above already filled in.
Why this works
Working forwards from the asking price is how people buy deals that were never there. This works backwards from resale, less costs and the profit you require, to the maximum offer, and shows what two extra months of holding does.