All Forum Posts by: Burt King

hi Dan, thanks for the reply. i made an estimate when i walked through but i have a contractor that will give a solid estimate this week, seeing that they accepted my offer yesterday. i put a contingency clause in my offer (subject to appraisal) which will take place this week as well, i believe that the property will appraise for less. the closing cost is just a recommended number i used off the calculator, i am using a hard money lender. i will upload the net sheet so you can see the terms. i really do appreciate the time you took to review and respond 

Hi, I am new to the industry and looking for a partner to invest in a fix and flip deal that I have under contract in the city of Compton CA. I have secured a hard money lender for 85% LTV and 100% of rehab costs. This will be my second flip but this deal is more detailed and labor intensive, I have detailed comps from my realtor and they support an ARV of at least $450k. This general area is being gentrified and shows lots of promise. I have put this through a few of the calculators and can send to anyone who is interested for review.

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