Our first investment deal

[Craig Jones]

So we got our first deal and about 80% done with the remodeling. We have been working on the house every night after our full time jobs and have not absorbed as much "starter" information as we would like to but that's soon to come after we finish up. So we would like some input on if we are running the numbers correctly and getting our investment terms down. Bare with us we are new to this!

Home sold for 236,500. (Seattle prices are the worst) 3bd 1bath to start

Went with a hard money loan at 10% down and after closing cost and throwing money at them to give us keys we had 25,477 down

This is a full gut job. All new wiring, plumbing, water lines, furnace, added bathroom, drywall, rotten walls and roof repaired.

We are just about done and estimating 25,000 In repairs we are at 19,534 right now

This puts us at 50,477 down with an estimated appraisal at 375,000.

I am a bit confused about the ARV and the ROI and just making sure I can understand the money side of things. If anyone can give us a few pointers it would be much appreciated. We will be much more involved on here once we are fully done with the remodel. Thanks