Calculate Profit | The 2nd Close

Your Home Details

Move the sliders to estimate your situation. All figures are projections for illustrative purposes.

After Repair Value (ARV) Estimated value after renovation

$350,000

$100k$1M

Estimated Renovation Cost Cost to bring home to market-ready condition

$35,000

$5k$150k

Remaining Mortgage Balance How much you still owe

$120,000

$0$800k

Current As-Is Home Value What your home is worth today

$290,000

$50k$900k

Buyer's Agent Commission Only if buyer has an agent (toggle off if not)

0%3%

Set to 0% if buyer is unrepresented. 3% is standard.

Closing Costs Title, escrow, transfer tax — approx 2–5% (LA County)

2%5%

Fixed Fees (applied to all deals):
Construction Partner: 4.99% of resale | The 2nd Close: 1% of 1st close + 2% of resale

✦ Your 2nd Close Payout Breakdown

Close #1 — Fast Cash (Day 1–14)

After Repair Value (ARV) $350,000

70% of ARV $245,000

Minus Renovation Cost − $35,000

Minus Mortgage Payoff − $120,000

The 2nd Close Fee (1% of gross) − $2,100

Closing Costs − $4,200

💰 Your 1st Payout (Net) $83,700

Close #2 — Resale (~Day 120)

Home Resells on MLS $350,000

Construction Partner Fee (4.99%) − $17,465

The 2nd Close Fee (2%) − $7,000

Buyer's Agent Commission − $10,500

Renovation Cost − $35,000

Closing Costs (2nd Close) − $7,000

Net Resale Proceeds to Seller $273,035

Minus 1st Payout Already Received − $83,700

💰 Your 2nd Payout $196,335

Your Total Combined Payout

$280,035

Across both closings, net of all fees & mortgage

How This Compares

Traditional Cash Buyer (65% of ARV, as-is) ~$227,500

Realtor Sale at Current Value (after ~6%) ~$272,600

✦ The 2nd Close Total Payout $280,035

More than cash buyer +$52,535

* Fees applied: 4.99% construction partner, 2% The 2nd Close on resale, 1% The 2nd Close on 1st close, buyer's agent only if applicable. Closing costs vary — LA County estimate used. All figures are projections; formal offer will include exact numbers.

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How to Read Your Results

ARV

After Repair Value

The estimated market value of your home after we renovate it. This is the ceiling your second payment is built on. A local comp analysis nails this down precisely.

First Payment

Your guaranteed cash at closing — available within 14 days. It pays off your mortgage and puts money in your pocket immediately, no matter what happens next.

Second Payment

Your share of the net profit from the renovated home's resale. This is the money a traditional cash buyer would have kept entirely for themselves. You're taking it back.

See Your Double Payday in Real Time