How to Analyze a Foreclosure Deal in 10 Minutes

Whether you're flipping or renting, great deals come down to the numbers. In just 10 minutes, you can break down any foreclosure using our tools — and decide if it’s worth pursuing.

🔍 Step 1: Pull Property Details

Start at the auction listing. You’ll need:

• Address or PIN
• Square footage
• Beds/Baths
• Opening bid
• Property type (SFH, condo, multi)
• Estimated sale date or status

💡 All of this is visible on the Foreclosure Search page.

📊 Step 2: Estimate ARV (After Repair Value)

Use the ARV Estimator Tool to:

• Paste 3–5 comps from Zillow or Redfin (within 6 months)
• Let the tool calculate averages
• Pick a conservative resale value

🎯 If comps are renovated flips, subtract $30–50/sqft to stay safe.

🛠️ Step 3: Estimate Rehab Cost

Use the Repair Cost Guide:

• $15/sqft = light (paint, carpet)
• $30/sqft = medium (kitchen, bath, roof)
• $50+/sqft = full gut/major systems

Add $5K if the home appears vacant or neglected.

💵 Step 4: Estimate Total Acquisition Cost

Use the Foreclosure Cost Estimator:

• Input bid, liens, taxes, fees
• Include title and legal costs
• This is your true buy-in price

📈 Step 5: Run the Deal Analyzer Wizard

Use the Deal Analyzer Wizard to input:

• ARV
• Rehab costs
• Holding period
• Profit goals

The tool shows max bid, estimated profit, and flip vs rent comparison.

🚨 Step 6: Red Flags to Watch For

• Missing lien holders in the court case
• Vacant or boarded-up properties
• Demolition or code violation notices
• Not a first mortgage (junior lien = worthless)
• High rehab + low margin = risky

✅ Quick Checklist

• ☑️ Pull property data
• ☑️ Estimate conservative ARV
• ☑️ Calculate rehab cost
• ☑️ Run full cost estimate
• ☑️ Use Deal Analyzer Wizard
• ☑️ Check for red flags
• ☑️ Ask us to double check or bid

🎯 Final Step: Save or Submit for Help

Export your deal as a PDF, or contact us to confirm numbers and request bidding support.

Use the toolbox daily — speed and confidence will follow.