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Buying & Selling Real Estate

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Nick Campanella
  • Real Estate Agent
  • Englishtown, NJ
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43
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an someone help

Nick Campanella
  • Real Estate Agent
  • Englishtown, NJ
Posted Oct 24 2016, 19:34

Im looking to do a BRRRR strategy on this property

Price: 390,000

ARV: 660,000

repairs: (my dads a contrator) 40,000

that totals up to : $430,000

I got a hard money lender to agree to give me 429,000

the problem is although he is a friend he wants 15% and 5 pts 

Can someone calculate that for me to see how much im gaininig or losing I dont understand the numbers

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