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Updated about 1 year ago,
[Calc Review] Help me analyze this deal
First time using hard money to do my 2nd flip and I have someone who will finance 100% of the purchase and rehab up to 65% LTARV.
I would only pay closing costs and can defer interest only payments for the first 6 months rolling it over in to the total loan amount.
This is a condominium I am looking to flip. (seems pretty easy, light cosmetic work)
I like using the BRRRR calculator for doing my fix and flip analysis because it's easier for me read and input the hard money details. I like how it shows what the results should be if I was to keep as a rental after refinancing but also still provides the "total profit if sold" in the first year which is what I'm using to determine the total profit at the end of the flip.
I just wanted to share what I got out of my analysis to see what others on BP thought about it.
First of all, could I use the BRRRR calculator strictly for analyzing flips as I have been doing and utilizing the "total profit if sold" section as a measure of my flip's results?
Is there anything I am not considering / missing?
Does this look like a good deal?
Would love to hear any and all feedback.
*This link comes directly from our calculators, based on information input by the member who posted.