Updated over 4 years ago on . Most recent reply
Help determining out of pocket costs fix/flip
Need help determining my out of pocket costs (at closing) for this fix/flip deal below. I am confused on what i'm bringing to closing. Can anyone help? Thx in advance.
purchase price: $141k
arv: $240k
rehab: $30k
Hard Money Loan terms: 65% ARV + 11% interest + 2 points + $4500 closing costs
Buy closing costs (inspection + appraisal + title search + title insurance + attorney) : $3500