Hi BP,

I need some help in understanding this report. When it says "Total Profits", does this mean I'll make back the cost of renovations plus an additional $20k?

P.S. Is this a good deal?

View report

*This link comes directly from our calculators, based on information input by the member who posted.

@Tuan Pham

Are you financing or using all cash ?

If financing it needs to account for lender fees, interest and other expenses.

It would be traditionally financed. The carrying cost is the mortgage. I didn't add the utility expenses. I'm expecting to be less than 30 days of renovations.

For the realtor fee's on closing you have to pay HST, it would be another $2275

wow .. that would only be a 70k house here