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Updated almost 6 years ago on . Most recent reply

User Stats

72
Posts
21
Votes
Anthony Fecarotta
  • Flipper/Rehabber
  • Chicago, IL
21
Votes |
72
Posts

[Calc Review] Help me analyze possibly my first deal

Anthony Fecarotta
  • Flipper/Rehabber
  • Chicago, IL
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Hello, this is my first time doing this, and I feel like I'm doing something wrong. I appreciate any feedback. My major concern is that the cash flow just seems too good to be true. I'm using a Home Possible 3% loan. I'm assuming $20000 in repairs. I feel like I'm missing something though.

Most Popular Reply

User Stats

893
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1,136
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Jon Crosby
  • Investor
  • Roseville, CA
1,136
Votes |
893
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Jon Crosby
  • Investor
  • Roseville, CA
Replied

@Anthony Fecarotta, the comps are coming into the Clik2Flip app from Zillow.  It brings in up to 25 comps and you can select all or some to create an median PPSF to apply to the subject property.  They are color coded (green to red) as to the 'best' comps to the subject property per Zillows comps score.  That being said, I have noticed I usually get the best result by choosing all the comps available when there is more than 10 to choose from.  

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