Know The Numbers In Your Real Estate Deals - Hard Money Bankers
It is very important to know all of the numbers in your real estate deals. It pays to account for everything in transaction before you submit an offer. You want to know the best case and worst case scenario before you get into a project so there are no surprises. The best thing to do when analyzing a deal is to work from the potential sales price and start deducting expenses. I would suggest having two sales prices. A best case and a worst case range. Make sure as you back out all of the numbers like construction, closing costs, realtor fees etc. that you have a desired profit amount in both your best case resale price and your worst case. It is always ok to surprise yourself in the right direction rather than the wrong direction.
Ian Walsh
215.839.3271
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