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Updated almost 6 years ago, 12/18/2018
Double-checking numbers for first real estate deal [Calc Review]
*This link comes directly from our calculators, based on information input by the member who posted.
Usually in my area the tenant pays for the utilities. I'm being financed by a HML and HML is providing the rehab loan so I put 10k into the loan for rehab and 200 for fees. 900 is relative for the market in this area as well. I put 6% interest rate to define the refinance and I found a bank that does refinancing at 30 year terms.
Anything would be appreciated whether it's something I missed or confirming my calculations!
Sincerely
Brian Tran