Property Analysis Spreadsheet - HELP
Okay... I have been trying to analyse deals every day, but the numbers don't seem to come out right. I am estimating high on things like labor, materials, closing costs at purchase and sale, property taxes, interest, etc.
I have created a spreadsheet based off of a couple that I found online and on BiggerPockets. Each time I analyse a deal, the profits are minimal to none. We are most likely going to take out a hard money loan, but I need to make sure I understand all of the costs involved first.
Could a few of you take a minute and look at this spreadsheet and see where I am off? (Property Analysis Spreadsheet)
I calculated the costs based off of this property: (Wholesale Property)
We are very eager to get stared. The numbers just aren't making sense.... :(