Updated over 9 years ago on . Most recent reply
Potential Deal Analysis
Hi BP friends! Help!
Potential Deal Analysis. Tell me what you think! Looking to flip property. Will be my first. Tried to do the numbers the best I could using average cost of closings etc. Did I go to high on monthly cost if paying no intrest or mortg pymts? Way off on anything else?
Property: 4/2/1 Pool, 2story, 2880sf 14000sf lot
Asking: 185k (going to try to get it down to 180k)
ARV: 285k
Repairs: 40k
Profit: 40k
*Plan to use a financial partner who will split profits (charging no interest)*