Prompt Library

House Flipping Prompts for Profitable Rehabs

20 copy-paste prompts

20 ChatGPT prompts for deal analysis, renovation budgets, contractor management, marketing flipped homes, and the flipping systems that separate successful investors from broke rehabbers.

Deal Analysis

4 prompts

70% Rule Flip Analysis

1/20

Analyze flip using 70% rule. ARV: $[X]. Estimated rehab: $[Y]. Include: max offer calc (70% × ARV - rehab), holding costs (interest, taxes, utilities for 4-6 months), selling costs (6%), profit target (15-30K minimum), bidding room, verdict.

Analyzes flips using 70% rule with full cost accounting.

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Pro tip: 70% rule: ARV × 70% - rehab = max offer. $300K ARV, $40K rehab = $170K max offer. Leaves 30% for holding costs, selling costs, profit. Violating = losing money.

Full Flip Cost Calculator

2/20

Full flip cost breakdown. Purchase: $[X]. Rehab: $[Y]. ARV: $[Z]. Timeline: [months]. Include: hard money interest, property taxes, utilities, insurance, holding costs monthly, selling commission 5-6%, closing costs 1-2%, profit calculation.

Calculates full flip costs including holding expenses.

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Pro tip: Rookie flipper mistake: forgetting holding costs. $1200/month interest + $300 taxes + $200 utilities + $200 insurance = $1900/month. 6-month flip = $11,400 extra cost. Real math kills profit daydreams.

Rehab Budget Estimate

3/20

Estimate rehab budget. Property: [describe condition]. Scope: [minor cosmetic / major renovation]. Square footage: [X]. Include: kitchen, bathrooms, flooring, paint, HVAC, roof, electrical, plumbing, landscaping. Contingency 10-20%. Ballpark vs contractor quote.

Estimates rehab budgets with contingency.

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Pro tip: Rehab cost rules: light cosmetic $10-15/sqft. Medium rehab $20-30/sqft. Heavy rehab $40-70/sqft. Always add 15-20% contingency. Always. Always underestimate hidden issues.

ARV (After Repair Value)

4/20

Determine ARV. Property: [describe renovation plan]. Comps: [list 3-5 recent sales]. Include: adjustments for differences (beds, baths, sqft, age), sold/sqft analysis, conservative vs optimistic estimates, realistic listing price, 30-day sell timing.

Determines ARV with comp analysis and conservative estimates.

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Pro tip: ARV determination = 90% of flip success. Use recent sold comps (90 days, 0.5 mile), adjust for real differences. Optimistic ARV = overpay for deal. Conservative ARV = margin for error.

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Renovation + Contractors

4 prompts

Renovation Scope of Work

5/20

Build scope of work. Property: [describe]. Budget: $[X]. Target buyer: [describe]. Include: must-do items, nice-to-have upgrades, materials list with suggested grades, tile/paint/fixtures specifications, timeline estimates, order of operations.

Builds renovation scopes of work with materials.

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Pro tip: Scope of work = contract with contractor. Detailed specs prevent change orders. Vague specs = scope creep + budget explosion. Document materials down to color + manufacturer.

Contractor Bid Comparison

6/20

Compare contractor bids. 3 bids: [paste]. Include: side-by-side line items, what's included/excluded differences, red flags (lowball, inflated materials), references check, license/insurance verification, selected contractor justification.

Compares contractor bids systematically.

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Pro tip: Lowest bid rarely wins in flipping. Middle bid often best value. Red flags: big deposit required (over 10%), cash-only, no references, unlicensed. Due diligence saves fortune.

Change Order Management

7/20

Handle contractor change orders. Original scope: [describe]. Contractor requesting: [describe]. Include: legitimate vs non-legitimate changes, documentation requirements, impact on budget + timeline, approval process, negotiation strategy.

Manages contractor change orders.

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Pro tip: Change orders = #1 budget killer. Require written change orders BEFORE work. Verbal agreements = cost inflation at end. "That wasn't in original scope" = fight.

Renovation Timeline

8/20

Build renovation timeline. Scope: [describe]. Contractor: [describe]. Include: permits timeline (if needed), order of operations (demo → rough-in → finishing), parallel trade work, realistic buffer (weather, supply chain), critical path analysis.

Builds realistic renovation timelines.

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Pro tip: Flip timeline mistakes: no buffer, assuming perfect execution, no contingency for permits/inspections. 8-week cosmetic becomes 12 weeks. Price in reality not optimism.

Design + Materials

4 prompts

Design Direction for Market

9/20

Design direction for flip. Target buyer: [describe — first-time, family, luxury]. Market: [location]. Include: style (modern farmhouse, transitional, coastal), kitchen palette, flooring choice, bathroom tile direction, paint colors, exterior improvements. Broad appeal, not personal taste.

Designs flips for target market appeal.

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Pro tip: Flip design rule: design for selling, not you. Neutral palette + trending-not-trendy choices + light airy feel. Personal style = slower sale + lower offers.

Kitchen Renovation Specs

10/20

Kitchen renovation specs for flip. Budget: $[X]. Target buyer: [describe]. Include: cabinet choice (refinish vs replace), countertop material (quartz vs granite vs butcher), backsplash, flooring, appliance package, lighting, timeline.

Builds kitchen renovation specifications.

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Pro tip: Kitchen budget tiers: budget $10-15K (paint cabinets, new hardware, quartz, appliances), mid $20-30K (new cabinets), luxury $40K+. Match kitchen spend to ARV — over-invest = lost profit.

Bathroom Budget Split

11/20

Bathroom renovation strategy. Main bath budget: $[X]. Half/powder bath: $[Y]. Include: tile decisions, vanity choice, fixtures, lighting, flooring. Primary bath gets 60-70% of total bath budget.

Splits bathroom renovation budgets.

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Pro tip: Bathroom ROI: primary bath renovation returns 70-80% in flip sale. Half baths: do minimum (paint, vanity, fixtures). Over-investing non-primary = wasted capital.

Exterior Curb Appeal

12/20

Curb appeal renovation. Budget: $[X]. Current: [describe]. Include: landscaping refresh, paint (body + trim), front door (bold color), mailbox + house numbers, outdoor lighting, pressure-washed driveway. $2-5K drives buyer emotions.

Builds curb appeal renovation plans.

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Pro tip: Curb appeal = first impression = offer price. $3K curb investment often adds $10-20K sale price. Best ROI in flipping. Simple wins: paint door, mulch, trim bushes.

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Marketing + Exit

4 prompts

Pre-Listing Marketing

13/20

Pre-listing marketing plan. Property: [describe]. Include: staging decisions (pro stage vs virtual vs empty), professional photography + drone, neighbor flyers (before public listing), agent network notification, social media tease.

Plans pre-listing flip marketing.

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Pro tip: Staging ROI: properly staged sells 3-6% higher, 30-73% faster. Professional staging $2-5K for 6-week rent = often 2-5x return. Critical for luxury flips.

Flip Listing Description

14/20

Listing description for flipped home. Property: [describe renovations]. Target buyer: [describe]. Include: highlighting recent renovations, warranty info, permits pulled (trust signal), move-in ready framing, lifestyle emphasis, 300-400 words.

Writes flip listing descriptions emphasizing renovations.

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Pro tip: Flips sell "move-in ready" dream. Emphasize: new systems (HVAC, water heater), warranties, recent permits (trust), zero-work-needed. Tired buyers pay premium for done deal.

Open House for Flipped Home

15/20

Open house plan for flipped property. Timeline: week 1-2 of listing. Include: promotion 1 week prior, neighbor outreach, refreshments, staging, print materials (specs sheet with renovations), agent networking, captured leads follow-up.

Plans open houses for flipped homes.

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Pro tip: Flipped home open houses: emphasize "brand new" systems + renovations. Print detailed specs sheet (renovations with dates). Buyers love fresh; distinguish from resale homes.

Exit Pricing Strategy

16/20

Pricing flipped home. ARV target: $[X]. Market: [describe]. Include: slightly below ARV for multiple offers, at ARV for standard timeline, above ARV if unique features, pricing bands, first-day offer strategy.

Prices flipped homes strategically.

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Pro tip: Flip pricing: 3-5% below ARV = bidding war = often sells at/above ARV. Above ARV = sits, price reductions, losing. Better to invite offers than chase price down.

Frequently Asked Questions

$50-100K minimum for first flip (25% down + rehab). Can start with $30K using hard money + private funds. Under $30K = usually wholesaling first (no rehab capital needed). Cash cushion reduces stress.
3-6 months typical. Purchase + close (30 days), rehab (2-4 months), listing + sell (30-60 days). Faster = better (less holding costs). Rushing rehab = quality issues + lower sale price.
Markets with: low inventory, rising prices, rehab-friendly zoning, affordable comp-trip-up properties, strong rental backup if slow sale. Overheated markets = buying tops; slow markets = lower exits.
Flip: capital gains taxed, no recurring income, clean exit. BRRRR: ordinary income (rental), long-term wealth, more work. Flip = cash accumulation. BRRRR = wealth building. Often do both.
Under-estimating rehab, over-improving (luxury upgrades in average neighborhood), wrong market, insufficient reserves, hiring cheap contractors, missing permits (later discovered = big problem). Experienced mentor saves thousands.

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