Texas Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Buy / Sell costs for Flip & Hold in Texas
Hello everybody
I am having a hard time making math work with DFW flips, and I understand that ship of easy money has sailed, and that wholesalers + hard money eat a lot of profits.
Particular problem is with buying / selling costs.
What would approximate math look like on a 150/180K PP, with 250-280 ARV with 40-50K in rehab.
https://tools.reikit.com/properties/fd9710a7 - this is what my analysis looks like
Please let me know if my math is way off in terms of buying / selling costs & hard money financing.
Lets assume that hard money is 70% ARV - 12% interest only - 6 mo min with 2-3 points
Thank you!