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Updated over 8 years ago on . Most recent reply

Account Closed
  • Architect
  • Houston, TX
25
Votes |
81
Posts

First Flip Analysis Sugarland: how does this look?

Account Closed
  • Architect
  • Houston, TX
Posted

Hi,
So I have an verbal offer we made for a flip in Sugarland, TX.  Could you take a look below at the analysis and the photos as well?  We estimated 40k for the rehab just based on square footage so far.  The owner is looking to sell fast.  Let me know your thoughts, thanks in advance!

@Andrew Dao here's the post!

https://www.biggerpockets.com/calculators/shared/5...

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Kuba F.
  • Real Estate Investor
  • Los Angeles, CA
693
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2,131
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Kuba F.
  • Real Estate Investor
  • Los Angeles, CA
Replied

@Account Closed your sales costs are too low, I would say they should be between 15-20K depending on if you're staging and/or paying buyer closing costs. I always budget 2% for the buyer, but it depends on your market. If your rehab costs and ARV are correct and if you're not financing then you should pay no more than 110K. If you are using hard money at 70% LTV 11% 2 pts, then no more than 95-100K.

  • Kuba F.
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