All Forum Posts by: Chris Ballinger

Brian,

Thank you for your feedback I am trying to learn as much as I can. I wasn’t sure on this scenario because I tried to factor holding costs in rehab and plan for the low side and see if it scared me. I know there may be a 5000 to 7000 ugly monster pop up but wasn’t scared of loosing money just scared of it being to skinny.

I am pretty new here but wanted to get an idea of how safe my margins should be I come across quite a few properties that can make money but unsure if I should pursue because I was told you want at least an 80k spread. 

Ex  purchase price $220k

      Rehab. 20-30

      + closing and carrying

I know when done I could cut the property lose at 275k or hold out for 290k

Is under 10% low side to much of a risk? 

Thank you