Renovation Number Cruncher
Performing profitability analysis is key to knowing just how much profit there is in a potential deal. This not only helps investors compare different deals but it also makes it easier to analyse different variations within the same deal. For example should you renovate it and resell, renovate and subdivide and then resell, knock down and develop, or renovate and develop in the back? There are many options. But it all comes down to being able to calculate the profitability of each option and look at a profit figure based on how long it takes to do that strategy.