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Updated almost 11 years ago on . Most recent reply

Iverem Rose's profile image
Iverem Rose's profile image
Iverem Rose
  • Real Estate Agent
  • from Brooklyn, NY
  • Member since Mar 29, 2014
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250
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Iverem Rose's profile image
Iverem Rose's profile image
Iverem Rose
  • Real Estate Agent
  • from Brooklyn, NY
  • Member since Mar 29, 2014
Connect
Iverem Rose
  • Real Estate Agent
  • Brooklyn, NY
60
Votes |
250
Posts
Rehabbing & House Flipping

Question for seasoned NYC rehabbers/ hard money lenders

Iverem Rose
  • Real Estate Agent
  • Brooklyn, NY
Posted

I am a wholesaler from Brooklyn, Ny. I am currently preparing an offer on a three family property in Lefferts Gardens that needs a ton of renovations. Now the asking price is 825k and repair cost is about 140k. ARV: 1.5M. How much are the holding costs, closing costs in new york for rehabbers? If a rehabber was to use hard money loan, how much would he or she have to pay?

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