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Updated about 8 years ago,

User Stats

82
Posts
13
Votes
Michael McKenzie
Pro Member
  • Lender
  • Cary, NC
13
Votes |
82
Posts

My Friend wants a 30% Return How to calculate

Michael McKenzie
Pro Member
  • Lender
  • Cary, NC
Posted

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) 

  • Michael McKenzie
  • Loading replies...