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Updated over 8 years ago,
Good Deal?
This is my second flip so I am pretty new.
Acquisition price: 50k
renovations: 15k
closing costs/fees: 12k
ARV: 115k
The loan that I was offered for 100% of purchase price and renovations is
8 points, 13.5% interest and I need to bring 10% down. My credit is about 775 so I thought I would get a better loan...