[Calc Review] Help me analyze this deal

[Cliff Mitchell]

Just need to get started and make sure I understand how all of this fits together.

Tear me up here.  Let me know if I'm being unreasonably conservative or what.  I don't mind constructive criticism at all.

Thanks in advance!!

Cliff Mitchell

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[Account Closed]

Hi @Cliff Mitchell just without getting too deep into the expenses used, I quickly noticed two things:

1) how are you planning to finance the acquisition? Most banks and mortgage brokers have a minimum of 50k.

2) Refinance period of 24 months? Typically banks require a seasoning period of 6 or 12 months. No need to wait longer to refi. Also, the refinance would give you a cash out of 70-80% of ARV. Assuming an ARV of 100k is correct, your new loan would be for 70k-80k. Which would bring down the principal and interest and therefore, more cashflow.

Hope that helps!