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Updated over 6 years ago on . Most recent reply
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[Calc Review] Help me analyze this deal
Hello BP- working on a the biggest deal in my short investing career. Check out the link. Anything that I am missing. My intent was to be conservative on all the numbers for a worst case. Intend to 100% finance this deal. What kind of numbers do I need to factor into well and septic or would that factor into cap-ex? any advise would be appreciated.
Taylor
*This link comes directly from our calculators, based on information input by the member who posted.
Most Popular Reply
Hi Taylor,
Unless you are buying it through a LOC or HELOC, any bank I know is going to require you to put in a down payment. Private and hard money lenders also want to see that you have "skin in the game." If you are going with a bank, assume 25-30% down, possibly less with a private lender.
I don't have experience with septic tanks. Can you get the previous year's operating records so you can see what that costs? On-going maintenance is operational, major rehab or replacement is cap ex. Good luck!