Specialist · Baton Rouge, LA · Member since 2018 · 117 posts · 110 votes
Hello BP!
Would love some input on this deal. On the surface it looks great. I have higher Capex than I usually would because the roof is from 2008, the HVAC is 2009, water heater is 2011, and we aren't replacing the windows in the rehab and they are from 1982.
The report is a little misleading, since our loan on the purchase is a 90% of purchase and rehab bridge loan, so cash needed for close is actually 0 and we usually just end up paying a little of the rehab at the end.