[Calc Review] Help me analyze this deal
2 Replies
Mike Kehoe
Rental Property Investor from Chicago, IL
posted almost 2 years ago
*This link comes directly from our calculators, based on information input by the member who posted.
Hello!
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!
Mike
Dennis M.
Rental Property Investor from Erie, pa
replied almost 2 years ago
Nothing to get excited about . 400k to get 4K in rent is not a great buy in my book
Dennis M.
Rental Property Investor from Erie, pa
replied almost 2 years ago
Your missing a lot of expenses . Your cashflow is beyond optimistic