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Updated about 9 years ago,

Tony Velez's profile image
Tony Velez's profile image
Tony Velez
  • Hvac
  • from North Haven, Connecticut
  • Member since Aug 25, 2015
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User Stats

298
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79
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Tony Velez's profile image
Tony Velez's profile image
Tony Velez
  • Hvac
  • from North Haven, Connecticut
  • Member since Aug 25, 2015
Connect
Tony Velez
  • Hvac
  • North Haven, CT
79
Votes |
298
Posts
Rehabbing & House Flipping

Ok I have a rehab question. Help me

Tony Velez
  • Hvac
  • North Haven, CT
Posted

I'm still trying to figure the rehab niche out. Let's say for expample. 

Find a deal for 75k. 

Needs 15k rehab.

ARV $130k.

Help me understand this. 

Lets say you put 20% down

Mortgage 60k

Where does the 15k for rehab come from?

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