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Updated almost 9 years ago,
Newbie looking for some confidence in my numbers....
Hi All, Curious if anybody can check my numbers....need some confidence before I pull the trigger....
House fell into my lap....305k, Denver area, Centennial Co. 1\4 Acre, 4 br, 2 bath, needs total cosmetic rehab...some landscaping, maybe a new driveway. Comps show at $389k. I instantly put it under contract. Trying to preserve my cash, so contacted hard money lender....2.5% origination, 10% annual, paid monthly, no pre pay penalties. My numbers show about $50in rahab and re-list at $430 to $450 depending on finishes. I figure a 60 day close and flip timeline. Appreciate any thoughts or feedback Thank You