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Updated over 17 years ago,
Newbie needs HELP Will this worK....
Possible 1st rehab deal...
Single family in Orange, NJ
ARV: 220,000
REPAIRS: 25,000
OFFER: 130,000
Will use hard money: 16% & 7 points [my credit is shot]. If my calculations are correct new profit would be around $40K
Does this look and sound correct.
Any assistance would be greatly appreciated. Glad to part of this community.