[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted.
For this scenario, I'm looking to bring in 2 or 3 private money investors to cover the downpayment and closing costs for this property.
I would be working with a lender to cover the balance of the purchase price and rehab costs.
I will be paying 12% interest to both the private investors and the lender.
The lender charges 2.5 points and require to pay interest only payments during the course of the rehab.
In the section marked "Other Fees by Lender", I inputted $5K to account for the total amount of interest I should be paying the private investors over the course of 6 months.
According to the calculator, the interest payment is just over $3K / month.
Does this plan seem feasible where at the end of the project and refinance, I walk away with no money in the deal and cash flowing property?