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17
Posts
7
Votes
Carl Bongiovanni
  • Flipper/Rehabber
  • Chicago, IL
7
Votes |
17
Posts

NEWBIE 1st property please Help me analyze this deal

Carl Bongiovanni
  • Flipper/Rehabber
  • Chicago, IL
Posted

View report

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

Most Popular Reply

User Stats

255
Posts
154
Votes
Aaron H.
  • Rental Property Investor
  • Steamboat Springs, CO
154
Votes |
255
Posts
Aaron H.
  • Rental Property Investor
  • Steamboat Springs, CO
Replied

Not enough info. What market is the property in? What are you goals? What are you planning to do with it? Rent or flip?

If it's a rental, your repairs and cap-ex numbers are way too low. Your assumptions on loan interest rates are also very optimistic given recent rate hikes. If it's a flip, you're not accounting for holding costs and sale costs. 

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