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Updated about 8 years ago,
My Friend wants a 30% Return How to calculate
Hey BP my friend wants to help with a rehab flip that cost 15K he said he is willing to put in 10K but he wants a 30% return back on his 10K.
The ARV for home is 120k
The price I got for home is 80K
Repairs 15K
My buddy is putting 10K toward repairs
I'm putting 5k towards repairs
Closing cost 7K
Agent Fee 4.4%
What can I return my buddy ( He will only do deal if I can give him 30% of his money back)