Pricing for Done For You Flips
What Done For You Flips costs, to the dollar
You put skin in the game, and so do we. Most of what Rebuild Detroit earns is paid only when the work happens, and the profit share only when there is a profit.
What Rebuild Detroit earns on the sample
- Rebuild Detroit sourcing fee
- $2,500
- Rebuild Detroit project management
- $4,500
- Rebuild Detroit profit share
- $3,155
- Rebuild Detroit, in all
- $10,155
- Your estimated profit
- $17,875
A 3 bed brick bungalow on Detroit's east side, on the Done For You plan. Every deal is different. These are estimates, not a promise of profit. Real estate investing carries risk, including the loss of the money you put in.
Four ways in, and the first has no cost
-
Explorer
No costno card
Browse the houses our AI picks for you, run the numbers on any of them, build your credit and check your funding. No card.
Start with no cost -
Flip Member
$49a month
Every AI pick in full, unlimited deal analysis, saved searches and first look at new houses before anyone else.
Start, then add Flip Member -
Recommended
Done For You
$1,999once
We source the house, line up the funding, run the rehab with our crews and sell or rent it for you. One project at a time.
Credited back at your first purchase closing
Start, then enroll -
Done For You Portfolio
$4,999once
Up to three projects at once, flips and BRRRRs, with a lower management fee and profit share.
Credited back at your first purchase closing
Start, then enroll
You pay $1,999 when you enroll. At your first purchase closing it comes back to you as a $1,999 credit, so on your first project it costs nothing in the end and is not a line in the deal below.
Typical done for you flipping and coaching programs ask for far more up front, often before you own anything. Here, Explorer has no cost, the enrollment comes back at your first closing, and the rest of what we earn is paid only when the work happens.
The per project fees, and when each is paid
On your own as an Explorer or Flip Member there are none. On Done For You and Portfolio, each fee is paid when the work it pays for happens.
- Sourcing the house Done For You: 2% of the purchase, $2,500 at least Portfolio: Same When: At the purchase closing
- Project management Done For You: 10% of the rehab Portfolio: 8% of the rehab When: With each draw, after our inspection
- Profit share Done For You: 15% of the profit Portfolio: 10% of the profit When: At the sale, only if there is a profit
- Our MLS listing team Done For You: 2.5% of the sale price Portfolio: Same When: At the sale, if you sell
- Property management Done For You: 8% of the rent collected Portfolio: Same When: Each month, if you keep it and rent it
The sample deal, every line, under each plan
A 3 bed brick bungalow on Detroit's east side. Bought for $65,000 with a $45,000 rehab and sold for $165,000, on the Done For You plan. Each column adds up to its last line.
| Line | On your own (Explorer or Flip Member) | Done For You | Done For You Portfolio |
|---|---|---|---|
| Sale price after the rehab What the comparable houses near it sold for, fixed up | $165,000 | $165,000 | $165,000 |
| Purchase price | −$65,000 | −$65,000 | −$65,000 |
| Rehab budget Our crews' scope for this house | −$45,000 | −$45,000 | −$45,000 |
| Contingency 10% of the rehab, for what the walls hide | −$4,500 | −$4,500 | −$4,500 |
| Buying costs Title, recording and the buyer's closing costs | −$1,300 | −$1,300 | −$1,300 |
| Loan points 2% of the $93,500 loan | −$1,870 | −$1,870 | −$1,870 |
| Loan interest 12% a year for 5 months | −$4,675 | −$4,675 | −$4,675 |
| Holding costs Taxes, insurance, utilities and lawn for 5 months | −$3,900 | −$3,900 | −$3,900 |
| Selling costs Our listing team, the buyer's agent and the seller's closing costs | −$10,725 | −$10,725 | −$10,725 |
| Rebuild Detroit sourcing fee Each plan's rate is in the fee table above | $0 | −$2,500 | −$2,500 |
| Rebuild Detroit project management Each plan's rate is in the fee table above | $0 | −$4,500 | −$3,600 |
| Rebuild Detroit profit share Each plan's rate is in the fee table above | $0 | −$3,155 | −$2,193 |
| Your profit | $28,030 | $17,875 | $19,737 |
This is the Done For You column. A wider screen shows all three plans side by side.
Where your cash in goes on Done For You
| Down payment What the 85% loan of $93,500 leaves of the purchase and rehab | $16,500 |
|---|---|
| Buying costs | $1,300 |
| Loan points | $1,870 |
| Contingency | $4,500 |
| Loan interest | $4,675 |
| Holding costs | $3,900 |
| Rebuild Detroit sourcing fee Paid at the purchase closing | $2,500 |
| Your cash in | $35,245 |
Every deal is different. These are estimates, not a promise of profit. Real estate investing carries risk, including the loss of the money you put in.
Your house is different. Run its numbers in the deal analyzer, with the same math.
Questions about pricing
Why is there an enrollment at all?
It is your skin in the game, and it pays for the work before a house is chosen: the walks, the rehab pricing and the lender match. It comes back as a credit at your first purchase closing.
When is each fee paid?
Sourcing at the purchase closing, project management with each rehab draw after our inspection, the profit share at the sale only if there is a profit, our listing team at the sale, and property management from the rent it collects.
What if the house sells at a loss?
There is no profit share on a loss. The sourcing and management fees pay for work already done, so they still apply. Every deal is different. These are estimates, not a promise of profit. Real estate investing carries risk, including the loss of the money you put in.
What is the difference between Flip Member and Done For You?
Flip Member ($49 a month) opens every AI pick in full with unlimited deal analysis, and you run the project yourself. Done For You is the program: we source, fund (subject to lender approval), rehab and exit with you.
Why Portfolio?
Up to three projects at once, flips and BRRRRs, with project management at 8% of the rehab instead of 10% and a profit share of 10% instead of 15%.
Does the credit builder cost anything?
No. Rebuild Detroit does not charge for credit building and does not promise any change to your credit score.
Everything in Done For You Flips
- Done For You Flips The whole program on one page
- How it works Every step from sign up to sale, and who does it
- Deal analyzer Run the numbers on any house, flip and BRRRR
- Funding Get approved while you search, subject to lender approval
- Credit builder A step by step credit plan at no cost
- BRRRR Rent it, refinance it and pull your cash back out
- Contractors Licensed, insured crews and how the rehab is run
- Track record The founder's and the team's flips, as stated
- Start Sign up in about three minutes, no card
Across Rebuild Detroit
- Hard money loans What the loan in the pro forma costs
- What things cost Rehab prices across Metro Detroit
- Recent home sales The sales an after-repair value comes from
- DSCR investor loans The refinance behind a BRRRR
Keep reading Deal analyzer Run the numbers on any house, flip and BRRRR
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