What It Does
Generates a line-item rehab estimate based on property specs and the type of flip you are doing. Pick a flip type (cosmetic, renovation, landlord, or gut) and the tool pre-populates every trade line (demo, structural, MEP, drywall, flooring, paint, cabinets, countertops, appliances, roofing, siding, exterior, and extras) with a default state: as-is, repair, or replace. Each line has a severity slider to scale cost up or down. Property setup lets you dial in square footage and full or half bathroom counts.
How to Use It
- Choose your Flip Type at the top: Cosmetic, Renovation, Landlord, or Gut.
- Read the red banner: that is your estimated rehab total.
- Walk each trade line in the Job Matrix. Toggle between as-is / repair / replace. Drag the severity slider for partial scope (e.g., 50% of mechanical).
- Set a financial contingency; Ross uses at least 10% because missed work and price changes still happen.
- Expand Property Setup to change square footage and full or half bathroom counts.
When You Need This
- Walking a property and building a quick underwriting estimate on-site.
- Creating a preliminary scope of work before getting contractor bids.
- Comparing rehab cost across different flip strategies (cosmetic vs. full renovation).
- Teaching yourself which trades drive cost and where scope creep and change orders hide.
- Avoiding the fear tax by replacing guesswork with a structured, line-item estimate.