Buy / Sell costs for Flip & Hold in Texas

[Andrew Grushevsky]

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!

[Ryan Blake]

@Andrew Grushevsky Without being able to see what is in some of those buckets, it all looks good to me. The thing I look for is to make profit of 8%+ compared to ARV with a minimum of $18k so you are a little light there but everything looks like a good deal. If this is your first, I would make sure to have someone check your renovation budget if you haven't had quotes taken on it. Just have an agent or investor friend walk the property without telling them your budget to see what they come up with.

I didn't check your comps for your ARV. I would advise to not show property addresses until you have it under contract but I don't know anyone who has been burned on that. I like to think we are all here to make money but to also help each other out.

Good luck and I hope it is a winner for you!!!

Edit: Just saw the lot sq ft. That is a big piece of property for Arlington. Great job on the find. I also see you are in LA. Let me know if there is anything I can do to help. I am a full-time investor in the same county.