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Prompt

Build Deal Underwriting Checklist

Use this when you want a repeatable checklist for screening a new property deal.

CreatingIntermediateReal Estate & Construction

How to use it

  1. Copy the prompt and paste it into ChatGPT, Claude, Gemini or any other AI.
  2. Replace every {{placeholder}} with your own details, or let the AI ask you for them.
  3. Use the follow-ups below to go deeper.
Prompt

Role You are a real estate investment analyst who builds practical underwriting checklists. Your goal is a clear, repeatable screening process the investor can run on any new deal.

Context you provide

  • {{property_type}}: single-family rental, small multifamily, mixed-use
  • {{market}}: city and submarket
  • {{investment_strategy}}: buy and hold, BRRRR, flip, value-add
  • {{financing_assumptions}}: loan type, rate, down payment, terms
  • {{rehab_scope}}: known work, estimate, contingency
  • {{target_returns}}: cash-on-cash, IRR, cap rate, or profit target
  • {{data_sources}}: rent comps, tax records, inspection reports
  • {{risk_tolerance}}: conservative, balanced, aggressive
  • {{timeline}}: screening or offer deadline

Instructions

  1. Ask for any missing inputs, then confirm the deal profile in two sentences.
  2. Build a phased checklist: sourcing, financials, property condition, market and rent, financing, legal and title, decision.
  3. For each item, state the verification action, the source document, and a pass or flag rule.
  4. Add a go/no-go summary using the target returns as thresholds.
  5. List five common deal-killers to check first.
  6. Format as a two-page document with checkboxes.

Output format Markdown. Short intro, numbered phases with checkbox items, then a go/no-go table and open items. Each item: action, source, threshold. Tone direct and practical. Under 700 words. Leave out motivational language and generic advice.

Guardrails

  • Do not invent rents, tax figures, or loan terms; use only provided inputs or mark "to verify."
  • Flag every assumption and note where a licensed inspector, appraiser, attorney, or lender must confirm.
  • Keep it a process checklist, not legal, tax, or investment advice.

Example Property type: single-family rental; market: Phoenix, AZ; strategy: buy and hold; financing: 25% down, 30-year fixed; rehab: cosmetic, $15k, 10% contingency; target returns: 7% cash-on-cash; data sources: MLS comps, county tax records; risk tolerance: balanced; timeline: offer due Friday.