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Updated over 3 years ago,

D Higgs's profile image
D Higgs's profile image
D Higgs
  • from New Jersey
  • Member since Jun 8, 2019
Connect

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61
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19
Votes
D Higgs's profile image
D Higgs's profile image
D Higgs
  • from New Jersey
  • Member since Jun 8, 2019
Connect
D Higgs
  • New Jersey
19
Votes |
61
Posts
Buying & Selling Real Estate

Help determining out of pocket costs fix/flip

D Higgs
  • New Jersey
Posted

Need help determining my out of pocket costs (at closing) for this fix/flip deal below. I am confused on what i'm bringing to closing. Can anyone help? Thx in advance.

purchase price: $141k

arv: $240k

rehab: $30k

Hard Money Loan terms: 65% ARV + 11% interest + 2 points + $4500 closing costs

Buy closing costs (inspection + appraisal + title search + title insurance + attorney) : $3500

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