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Real Estate Deal Analysis & Advice

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Jorge Caicedo
  • Metairie, LA
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165
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Almost there..just have a question..

Jorge Caicedo
  • Metairie, LA
Posted Aug 3 2008, 10:47

Ok , I'm close to having these contracts assigned..they are:

1. ARV $415K REPAIRS-$35K C&H $7K BUYER IS ASKING $220K
220+35+7=$262K 415-262= $153K I plan on marking it up from 220 to 273k to make a $53k fee. However , my lender is going to use hard money which will lend up to 70% max. 70% of 415k=$268k. If all my lbuyer gets is $268, can I still assign my interest for $53k? or will that leave him way short? need to know b/c this looks like it'll be closing next week!

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