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Updated over 8 years ago,

User Stats

63
Posts
43
Votes
Thomas Shaw
  • Texas City, TX
43
Votes |
63
Posts

Was emailed my first deal. I need help.

Thomas Shaw
  • Texas City, TX
Posted

Hey guys, I got emailed a property that was recommended as a flip. I ran it through the flip calculator and it showed 0 dollars of profit. I just wanted to show you guys and see if you thought my numbers made sense based on the information I was given.

BP Flip Calculator Results

I'm not sure the best way to give you the informational packet I was sent, but I'll give it a shot.

http://www.filehosting.org/file/details/609504/Foxglove%20brochurepacket.pdf

I didn't come up with those numbers myself(obviously) but the comps seemed reasonable to me. The biggest areas of uncertainty were the Rehab costs(I took their numbers) and the holding costs(which I used my personal bills and a mortgage calculator to estimate)

I'm not actually super interested in this deal since I'm looking to buy and hold(and my price range is lower) but I wanted to try and learn to analyze deals. So any help would be great appreciated.

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