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Updated about 3 years ago on . Most recent reply

User Stats

2
Posts
1
Votes
Michael Smith
  • Westminster, MD
1
Votes |
2
Posts

Hey everyone! New investor here, could use some help.

Michael Smith
  • Westminster, MD
Posted

So, Ive got a property under contract. But the numbers arent making sense (I checked them using BP calcs and the BRRRR calc is telling me ill be able to pull all my money out of the deal, but my lender is saying it wont happen.. 2 unit property. 25% down 3.875%

Purchase - 230k

Rehab - 10k 

ARV - 255k

Rents - 2k/month

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