Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

283
Posts
205
Votes
John Hixon
  • Investor
  • The Colony, TX
205
Votes |
283
Posts

Help with numbers

John Hixon
  • Investor
  • The Colony, TX
Posted

I am in the process of trying to find my first property to buy for a fix and flip. But, I am having some issues with trying to figure out the numbers. I will be using a HML for this deal and was wondering if someone could look at the numbers.

Property:  This is a typical property that I get sent.

ARV: 154,000

              Purchase price: 98,000

              Repairs: 26,000

              Taxes: 3,400/year

Closing cost:

              I would be paying the closing costs for myself and the seller since this would be coming from a wholesaler: $5,000

HML:

        9.99% w/ 4 points

Realtor fees when I sell: 5%

I would appreciate it if someone could run some numbers given the figures above and let me know what you come up with.  Assume a 3 month turn around from buy to sell. Also, assume all of your standard costs associated with buying, rehabbing and selling a property.  

Thanks.

Loading replies...