[Calc Review] Help me analyze this deal

[Cole Carmack]

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*This link comes directly from our calculators, based on information input by the member who posted.

[William Sing]

Hey there, I'm a bit confused on how you are getting the refinance to be at 4% for a cash out refi. If you are buying it using seller carried you might be able to use a HELOC to pull out some of the equity but not sure how the refi.

[Cole Carmack]

Yes, I forgot to change that. Plan is I have a dcsr loan and then I have a investor that's going to pay for the remodel and then I will refinance. I was mainly getting used to using the system. Did you see anything else and thank you for commenting?

[William Sing]

Without knowing the condition of the property, that is the main thing. I'd personally be a bit more conservative with the underwriting and make sure to see what the carrying costs could potential get to especially if this is a bigger renovation and not just cosmetic. 

[Jaycee Greene]

Hey Cole. I have several developer clients in KC. Are you still looking at this deal?