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My partner and I are looking to take this deal on. We're paying $330k for the property and putting $70k in rehab. We're financing through hard money for a total of $400k. However, in the calculator, it shows that I'm coming out of pocket for the $70k construction. Does anyone know how to put the $70k into the borrowed amount?
Also, I'd love to get opinions on the deal as a whole.
Thanks in advance!
Nothing to get excited about . 400k to get 4K in rent is not a great buy in my book
Your missing a lot of expenses . Your cashflow is beyond optimistic