Updated about 7 years ago on . Most recent reply
Help me analyze this deal
I don't understand where the "total cash needed at purchase is $591,000. Where does that come from? Also, we are using a construction loan where we will be borrowing a total of $1,310,000, $260K of which is for the fix up. So, instead of putting the actual acquisition price of $1,050,000, I had to add that $260K in. Am I missing anything?
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