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Updated over 5 years ago on . Most recent reply

Justin Goodin's profile image
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Justin Goodin
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  • from Indianapolis, IN
  • Member since Sep 3, 2018
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Justin Goodin's profile image
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Justin Goodin
  • Investor
  • from Indianapolis, IN
  • Member since Sep 3, 2018
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Justin Goodin
  • Investor
  • Indianapolis, IN
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Real Estate Deal Analysis & Advice

Help me analyze this flip please! Already analyzed with BP Tool!

Justin Goodin
  • Investor
  • Indianapolis, IN
Posted

Looking to BRRRR. Seller claims $150,000-$170,000 in total rehab. I used $190,000 in total rehab costs to be conservative. Conservative monthly income of $1200 for rent. Used 12% HML. Please help me understand this better. Thank you to anyone that responds.

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Jeremy Holcomb
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  • from Somewhere
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Jeremy Holcomb
  • Rental Property Investor
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Jeremy Holcomb
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Jeremy Holcomb
  • Rental Property Investor
  • Somewhere
Replied

@Justin Goodin also have you had contractors give you estimates before even considering what rehab costs may be. I always put a clause in the contract that my contractors must come in and make sure I haven’t missed anything. 

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