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Free Real Estate Project Management Tool

Managing a flip is as important as buying it right. Freddie helps you track your project, model costs, and keep your rehab on budget and on schedule.

Everything in This Free Tool

Project Cost Tracker
Track actual vs. budgeted costs by category as your rehab progresses.
Budget Variance Analysis
Freddie flags when costs are running over and helps you assess impact on profit.
Timeline Impact Modeler
See how schedule delays translate to additional holding costs and reduced profit.
Contractor Management
Track draw requests, completion percentages, and payment schedules.
Profit Impact Calculator
Real-time profit projections as your actual costs come in during the project.
Score Certificate
Updated deal score as your project progresses — know where you stand at all times.

Real Deal. Real Numbers. Analyzed Free.

Dan White, 20-year fix-and-flip veteran in Northern Virginia, used FreeDealCalc to analyze a $130,000 wholetail opportunity in under 5 minutes. No spreadsheet. No paid software. Just Freddie.

Purchase
$210,000
Cleanout
$5,000
Resale
$349,000
Hold Time
1 Month
Strategy
Wholetail
Net Profit
$115,050
Before renovationAfter renovation
100
Deal Score
Strong Deal

"I've been flipping houses for 20 years and I built this tool because nothing free was actually good enough. Freddie does what I used to do with spreadsheets — but in seconds, for free, for every investor who needs it."

— Dan White, Founder, FreeDealCalc | 20-Year Fix & Flip Investor, Northern Virginia

A buyer who purchases this property as a wholetail deal undertakes all renovation work at their own direction, cost, and risk. The seller makes no representations regarding property condition and all sales are as-is. Buyer is responsible for all due diligence, inspections, and compliance with local codes and regulations.

Frequently Asked Questions

What does real estate project management involve?

Managing a fix and flip project includes: contractor selection and scheduling, scope of work documentation, draw schedule management, permit tracking, cost monitoring vs. budget, quality control inspections, timeline management, and resale preparation. Freddie helps you model the financial impact of every decision.

How do I manage a rehab project budget?

Start with a detailed written scope of work and signed contractor agreement with a draw schedule tied to completion milestones. Track every expense against your budget category by category. Authorize draws only when milestones are verified. Maintain your contingency reserve for genuine surprises only.

What is a draw schedule in real estate rehab?

A draw schedule ties contractor payments to completion of specific milestones — foundation complete, rough framing complete, rough mechanicals inspected, drywall complete, etc. Never pay draws in advance. Typical structure: 10% upfront, then milestone-based draws, with 10% holdback until final completion.

How do I track fix and flip project costs?

Use a simple spreadsheet or project management tool that tracks budgeted vs. actual by category (demo, framing, electrical, plumbing, HVAC, insulation, drywall, flooring, kitchen, baths, exterior, landscaping, soft costs). Update weekly. Freddie can help you model the impact of overages on your final profit.

What project management software do house flippers use?

Many experienced flippers use simple spreadsheets, QuickBooks for accounting, and tools like FlipperForce or CoConstruct for larger projects. For deal analysis during and after the project, FreeDealCalc with Freddie gives you profit impact analysis without the complexity of full project management software.

How do I prevent rehab cost overruns on a flip?

Get 3 contractor bids. Use a detailed written scope of work — never verbal agreements. Include a 10-20% contingency in your budget from day one. Inspect work before approving draws. Don't let contractors overbuy materials. Address scope creep immediately — any change order affects your profit.

More Free Tools

→ Rehab Cost Estimator→ Flipping Checklist

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