First deal - does this look good
I am ready to pull the trigger on my first deal - nice 3br-1b Cape. Rehab is about 14 days labor estimates my contractor and I'm allowing a month to knock it out pending the usual unforeseen circumstances. Here are my forecast economics - what do you think?
| Cost | -80000 |
| Closing/Title | -3000 |
| Reno | -40181 |
| Insurance | -600 |
| Alarm | -60 |
| Loan costs | -3333 |
| Commission | -9600 |
| Sales price | 160000 |
| Potential Profit | 23225 |