an someone help
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