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Updated over 8 years ago on . Most recent reply
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Potential Deal Analysis
Hi BP friends! Help!
Potential Deal Analysis. Tell me what you think! Looking to flip property. Will be my first. Tried to do the numbers the best I could using average cost of closings etc. Did I go to high on monthly cost if paying no intrest or mortg pymts? Way off on anything else?
Property: 4/2/1 Pool, 2story, 2880sf 14000sf lot
Asking: 185k (going to try to get it down to 180k)
ARV: 285k
Repairs: 40k
Profit: 40k
*Plan to use a financial partner who will split profits (charging no interest)*