Stop reading listings one at a time in a spreadsheet.
Paste a listing. About five minutes later you get back what it really earns, whether it covers the loan, and the list of what the seller did not say. Most of them you will drop in the first paragraph, and that is the point.
Pay once and the runs are in your account. Nothing renews and there is nothing to cancel.
What comes back
What it really earns
The seller's earnings figure restated on one basis, with every adjustment named. Most listings do not pay anybody to do the owner's job, and putting that cost back is usually the biggest single move on the page.
Whether it covers the loan
At the asking price, and at the price where it stops working. If it only covers at a number no seller will take, that is a two minute answer instead of a two week one.
What you would put in on closing day
The down payment, the fees, and the cash the business needs to keep running. The last one is what surprises people.
What the listing does not say
Named, in plain words, in the order to ask about them. A short listing is not a failed run. It is the most common thing wrong with a deal this size.
A verdict you can act on
Worth a look, not on this one, or too much missing to say. Never a number dressed up as a decision.
How the runs work
- Ten runs. They do not expire.
- A run is used when a report is produced, never when you submit one.
- The same listing twice inside a day costs nothing.
- Past reports stay readable after the pack is used up.
- A run that fails because we could not read the file, or because the listing does not say enough, costs you nothing. You still get the report, and the report is the list of what is missing.
A Screen is not a Deal Read
A Screen answers one question: is this listing worth another hour of your life. It reads what the listing says, in minutes, automatically. It never sees a tax return and it never speaks to anybody.
The Deal Read is what you buy once a listing survives that. Mark and Ian read the memorandum and two to three years of statements by hand, and it takes them hours. That one is $1,950.
Screening first is cheaper in every direction. Most people who buy a pack never buy anything else, and that is a fine outcome.
Where the numbers come from
Every figure in a Screen is calculated by the same code behind the free calculator, and you can check any of it there. Nothing in the arithmetic is written by a language model. What a model does here is read the listing and put the finished answer into sentences.
Not sure yet? Read a whole Screen, free, run on exactly the kind of one page listing brokers publish. Or take the fit check first and find out what kind of business you should be screening.