Updated over 4 years ago on . Most recent reply
[Calc Review] Help me analyze this deal
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hey my BP family,
I think I have a good opportunity for a duplex. been using these calcs for a couple weeks now but still new to it all.
the overall plan. HML the purchase price and rehab amounts. I have to provide 10% down on SP. the loan amount (purchase + rehab costs) is under the 70% my lender has a loan cap for ARV. Estimating the rehab cost is probably where the most tweaking in numbers and projections need to be. I'm essentially going off what my deal finders says his team of experts say we need so its conservatively "new everything". walk through with video and pics are happening tomorrow. I've also reached out to my contractor to see if he can view the property tomorrow as well.
I'm hoping this purchase or a purchase soon will help me gain the momentum to boost my path to financial freedom. I've been a fly on the wall of BP for a long time now but I think it's time I take the next step and ACTUALLY act.
happy to answer all questions and provide more info