Updated about 10 years ago on . Most recent reply
Just starting.
hi everyone my name is Mitch Balgo and I'm almost ready to purchase a home in New Jersey as a flip I'm interested in purchasing a home for 170 K as a flip The home will need an estimated 50 K in repairs and the comps support an after repair value of 270-280 K. I'm calculating the worst and expecting to hold it for 8 months,worst case senerio before selling the property.
1.How can I calculate the cost associated with acquiring the loan,my deposit requirement, closing cost etc. so I can accurately project my holding cost for the loan period. I really want to be sure i'm covering all the bases but I'm not sure that I am.
Thank You Mitch