1st flip w/ 80k in hand
I've been working towards this for years!! But now that I am here, I'm scared.
I have 80 k cash and 30k in credit. Don't know if I will pay cash or Get a loan.
Biggest concern at the moment is calculating the numbers correctly. Like what percentage are closing costs usually? I don't really know what it's going to costs until I've done a few flips. So is it ok to go with the 10-15-20 sq ft rehabs concept?
I've read the j Scott estimating rehab costs. But I'm still unsure.
What do you suggest?