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Updated over 5 years ago on . Most recent reply

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23
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1
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Neil Schindel
  • Rental Property Investor
  • Richmond, VA (richmond va)
1
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23
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Most Popular Reply

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Aaron K.
  • Specialist
  • Riverside, CA
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Aaron K.
  • Specialist
  • Riverside, CA
Replied

The problem is that banks won't give you a fix and flip loan at 4% and most won't give you a rental loan at that either. Fix and flip is usually through a HML closer to 10-12%. You also seem to be including the rehab budget in the loan which banks generally don't do unless it is an FHA 203k. Property taxes fluctuate depending on where you are 1% may be fine but in other areas it is not. 3 months holding time is optimistic and I don't see realtor commissions anywhere.

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